CAclubindia Articles

Work Contractor and Rajasthan VAT

Posted by CA Ram Bajaj 17 December 2014 14662 Views

Method of Calculating the Tax liability of VAT in Work Contract:- 1. Exemption Fee Method/Composition Method2. VAT Method 1 (Actual labour deduction)3. VAT Method 2 (Standard Labour Deduction) Exemption Fee Method /Composition Method

Independent directors

Posted by CS Divesh Goyal 17 December 2014 25221 Views

Independent directors are now a crucial part of Indian company law

Interesting case laws on CESTAT - Part I

Posted by Anandaday Misshra, Advocate 16 December 2014 8413 Views

Oflate, very interesting legalities have evolved in relation to Tribunal (CESTAT) . I am highlighting only three aspects as below : a. No Dismissal for Non-Prosecution- In Balaji Steel Re-Rolling Mills Versus Commissioner Of C.Ex. & Customs rep

Joint Development Agreement - A Business Model - Part 2

Posted by Bhanu Prakash Rao 16 December 2014 35798 Views

In my earlier article Joint Development Agreement - A Business Model I had made an attempt to discuss the joint development agreement model and a broad view of tax implication under the Income T

Service Tax v/s VAT on Renting/Hiring of Motor Cabs

Posted by Ravi Kumar Somani 16 December 2014 19762 Views

IntroductionRenting/Hiring of Motor vehicles has mostly been an unorganized sector with mainly individual business houses dominating the sector by operating with limited vehicles (mostly owned

The Slumdog Millionaire - CSR adding value to society or the NGO

Posted by Sundharesan Jayamoorthi 16 December 2014 4913 Views

Effective April 1, 2014, there is a provision in the legislation that mandates a CSR spend. This has created a sudden hype and all my friends who have small NGOs and are presently doing a good job over the last few years are in a fix. These existing

Abolish Departmental Appeals & SDMs

Posted by CA Anil Garg 16 December 2014 3962 Views

Almost all tax statutes provide for first appeal against any tax demand or assessment order, to an officer of the same department, assigned the role of an appellate authority who is supposed to be a quasi-judicial authority, in the sense that despite

TDS Rate on making Foreign Payment

Posted by CA. Amit Daga 25 June 2016 17095 Views

How to determine applicable TDS Rate on making Foreign Payment : TDS on foreign payments depends on two conditions. First, whether deductee provides a valid TRC or not? Second, whether deductee holds a valid PAN in India or not? Below is the matrix

What is true MIS?

Posted by Tulasi S Sastri 16 December 2014 17276 Views

MIS is understood as Management Information Systems by many. However, it is also misunderstood by many, when it comes to what its true meaning is. I have come to think on these lines after seeing varied types of reports in different organizations, be

Nobel Prize and other Indian Awards are Tax Free?

Posted by CA Umesh Sharma 15 December 2014 17563 Views

Karniti Part 67Nobel Prize and other Indian Awards are Tax Free?Arjuna (Fictional Character): Krishna, recently Indian resident Mr. Kailash Satyarthi received Nobel Peace Prize with Malala Yusufzai. This consists of a medal and approximately 6 crores