CAclubindia Articles
Joint Development Agreement - A Business Model - Part 2
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
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
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
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
Nobel Prize and other Indian Awards are Tax Free?
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
NFRA-Section 132 of Companies act 2013
INTRODUCTION: The concept of having a body such as National Financial Reporting Authority is not new as such. The Institute of Chartered Accountants of India already has many of these powers. As per section 211(3C) of Companies act 1956, every balan
5 Must- Do Things before you hit the send button on that resume (CV) Email!
On this topic, you will find a lot of articles and mentoring services too. However, after having been in the industry for over a decade and watching it closely through the eyes of multiple stakeholders (i.e. Students, Senior Business Management, HR P
Online facility for response to outstanding IT demand
Many a times there are Mis match between TDS shown in Form 16 / Form16A and actually deposited by Employer / Other party. However at the time of filing Income Tax Return the assessee claims full TDS as per TDS certificate received. Due to this at the
Impact of Budget changes for Rent a Cab
Impact of amendments on Rent-A-Cab Service (A REVERSE GEAR)Rent-A-Cab Service is not defined under Negative list regime. However as per the earlier definition it means any service provided or to be provided to any person, by a re
CBEC clarifies that ST department can also conduct ST audit along with CA or CMA
Dear Professional Colleague, Service Tax Dept can also conduct Service Tax Audit along with CA or CMA CBEC clarifies Background: The Honble High Court of Delhi in the case of Travelite (India) Vs. Union of India & Ors. (W.P. (C) 37
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