CAclubindia Articles

Analysis of L&T - Service Tax - Impact on Valuation of WCT in residential apartments

Posted by Madhukar N Hiregange 03 January 2015 20104 Views

Construction Service / Works Contract- Residential ApartmentsImpact of Larsen & Toubro [ K.Raheja] Judgment.Madhukar N Hiregange Commercial tax is a largest[maximum] contributor of revenue to every State. There were attempts in late 1990s and la

'Wilful default' by the borrowers: Whether needs further stringent norms?

Posted by CS ( Dr.) Rajeev Babel 03 January 2015 13267 Views

1. Introduction: Loans and advances given to borrower becomes non-performing advances (NPA) for a bank, if it ceased to generate income for the bank. This may be for the variety of reasons like, poor credit discipline, Inadequate credit and risk mana

Scenario Manager in Excel (Revised)

Posted by CA Kumar Mukesh 03 January 2015 25184 Views

Scenario Manager in Excel A Step Towards Advance Excel (Revised)On Scenario Manager, I have already written an article but that was not properly presented and had some confusions. After getting review from some users, where they suggested that if t

The pioneer myth of CA v/s MBA

Posted by Jitendra Gianchandani 03 January 2015 24277 Views

Comparing a CA and an MBA is like comparing Mahatma Gandhi and Vijay Mallya. Though both are humans but have poles apart persona, one has a dry-as-a-bone lifestyle, while the other has a fluid lifestyle. Excuse me! I am talking about CAs and MBAs.Any

Treatment of MTM losses on forward exchange contract

Posted by Gagan Deep Singh 02 January 2015 37627 Views

IntroductionForward Exchange Contract is one of the foreign exchange derivatives (like future contracts, options, swaps, forward exchange contracts etc.) commonly used in India by business firms to protect itself against the risk of fluctuations in f

SC on Battery charger as an accessory - An analysis

Posted by Anandaday Misshra, Advocate 02 January 2015 5104 Views

Recently Honourable Supreme Court had dealt with VAT Appeal Nos 54 &55 (O&M) of 2010 passed by the High Court of Punjab and Hariyana . While disposing Civil Appeal Nos 11486-11487 of 2014 of State of Punjab & Ors Versus Nokia India Pvt. L

Read Balance Sheet in 3 Simple Steps: Illustrated with Actual Example

Posted by Ashutosh 02 January 2015 22138 Views

Happy New Year in advance :) ! I was humbled by the response to my past article, READ BALANCE SHEET IN 3 SIMPLE STEPS!I had highlighted how you can just follow these 3 steps and analys

Service Tax on Voluntary Organizations (NGO)

Posted by Guest 02 January 2015 39916 Views

After introduction of Negative List based taxation under service tax from 1.7.2012, the applicability of service tax to voluntary / non-profit organizations (NGOs) has become a contentious issue. This is because of introduction of all encompassing de

Tax audit puzzles

Posted by Guest 02 January 2015 13738 Views

RECENT CAG REPORT The Comptroller and Auditor General Report no.32 of 2014 has taken the list of Chartered Accountants who have signed tax Audit cases under Income tax Act of more than 400during FY 2012-13 and there are 22people in the list. ARBITRAR

Threshold exemption to small service providers under service tax as updated 26th Dec'14

Posted by CA. K S Chauhan 02 January 2015 45480 Views

1. Summary of previous notifications related to threshold exemption along with limit, date of applicability and relevant Notification numbers: Period Exemption limit (Rs.) Relevant Notification of Service Tax Effectiv