CAclubindia Articles

Process for PAN application for Non Resident in India

Posted by CA Chirag Chauhan 30 December 2014 15856 Views

Indian citizen residing abroad, foreign citizen and other than individual (like company or trust or firm etc.) who wants to apply for PAN should fill the PAN application 49AA. Basically PAN application for Non Resident can be bifurcated into three c

Procedure of removal of directors under Co. Act, 2013

Posted by CS Divesh Goyal 29 December 2014 27127 Views

Power to remove directors has always been bestowed on shareholders, as we all know that at the end of the day, directors are answerable to shareholders. Nothing has changed in the procedural aspect under Companies Act, 2013 as well. Shareholders can

$Interest Under Section 234A\B\C$

Interest Under Section 234A\B\C

Posted by CA Kumar Mukesh 29 December 2014 35693 Views

We all are aware that when the section 234A\B\C, but only few of us are able to compute accurate Interest under these section.The purpose of this article to cross verify the interest calculated by system against our manual workings. Some readers mayt

P.K.'s view on Indian Tax system. Enjoy it!

Posted by CA Umesh Sharma 29 December 2014 39924 Views

KARNITI PART 69 P.K.s view on Indian Tax system. Enjoy it! Arjuna (Fictional Character): Krishna, Aamir Khans recently released movie, P.K., is in Limelight. Tell me, if this cha

Power to dismiss appeal for default

Posted by sivadas chettoor 29 December 2014 9872 Views

1. INTRODUCTION: This article deals with the power of the Appellate Tribunal constituted u/s 4 of the Kerala Value Added Tax Act 2003 ( for short the Act) to dismiss an appeal for default without deciding

Penalty leviable even if service tax is paid before SCN

Posted by Sumit Grover 29 December 2014 18753 Views

Recently, Hon'ble Karnataka High Court in the matter of K. Madhav Kamath Brother & Co. v. Asst. Comm. of Central Excise, pronounced that even if service tax is paid prior to Show Cause Notice, still the penalty shall be leviable u/s 76/78, 77

Benefits of recognition of Inhouse R & D Depart with DSIR

Posted by Utpal Mehta 29 December 2014 37004 Views

What is In-House R&D RecognitionThe Department of Scientific & Industrial Research (DSIR), which is under the Ministry of Science & Technology is operating a scheme for granting recognition and registration to in-house R&D set up of C

Limited Liability Partnership - Concept & Taxation

Posted by Sumit 27 December 2014 81017 Views

Introduction Limited Liability Partnership Act was made applicable from 01st Apr 2009 in India. However the LLP structure never became as popular as was envisaged. However, after the enactment of Companies Act there is a renewed interest in the LLP s

All about GST - What, When and How

Posted by Himanshu Kalra 27 December 2014 87409 Views

The introduction of GST is being seen as second major tax reform after 1991. GST is in the limelight again and everyone wants to have a talk about it. Under this article, I have tried to summate basics of GST. Have a good read. What is GST? GST is th

Dutiability of scrape generated during the process of re-made, refined, and re-conditioning

Posted by R.P.Singh 27 December 2014 14426 Views

When we discuss the sources of law, the precedent is one of the most important sources of law apart from the codified law and the law arrives though customs. When the law is not cleared enough through the statute then the role of the precedent came i