CAclubindia Articles

TP Alert | Vodafone Case: Bom HC decoded applicability of TP

Posted by RAGHAV GUPTA 14 October 2014 20671 Views

Vodafone Case Summary: Bombay HC rules on the applicability of TP provisions to issue of shares to associated enterprises; holds share premium does not give rise to incomeSection 92(1) of the Income Tax Act (Act) states th

Issues in issue of Form C under CST Act 1956

Posted by Mahadev 14 October 2014 28215 Views

Issues in issue of Form C in CST Mahadev.RFollowing are the goods specified u/s 8(3) of CST Act 1956 in respect of which an interstate sale to a registered dealer is liable to tax at concessional rates i.e. 2% or state rate whichever is

Concept of Contemporaneous Documentation in Transfer Pricing

Posted by CA Deepanshu Bansal 14 October 2014 11527 Views

Contemporaneous documentation means information, records and other documents which exist or brought into existence at the time the taxpayer is developing or implementing any arrangement that might raise transfer pricing issues. It is important that

Life Learning Lessons From Tally

Posted by Rishit Shah 13 October 2014 36073 Views

Tally is commonly known to people as an accounting software which is widely used in India as well as abroad. But it is much more than just an accounting software. It is a complete package for managing a business and its allied operations. Well, I am

Reservations/ quota system do we need them?

Posted by Dhruv Nandani 13 October 2014 10690 Views

Just having read the topic, many of us may come to a conclusion that, NO there is no need for reservations, we believe in merit. Let people compete on merit, why shall someone be given preference at the cost of others. Let people be given equal oppor

"Tell me about yourself" interview question - Simple ways to follow

Posted by Nimish Goel 13 October 2014 122278 Views

OK. So tell me about yourself This seemingly simple question generally makes everyone sweat like a pig and can create a nerve-wracking situation for any candidate who is not prepared. Well, there is no need to panic since it is not at a

Be Careful - while making transactions in cash!!

Posted by CA Umesh Sharma 13 October 2014 28083 Views

Karniti Part 58 Be Carefulwhile making transactions in cash!! Arjuna (Fictional Character): Krishna, Today is 13th October last day for the promotion of Elections. In the chaos of election, crores of rupees were ceased. During this period Ele

Update on Indirect Tax - Service Tax and Excise for the month of Oct 2014

Posted by TARUN KUMAR GUPTA 11 October 2014 33047 Views

A. Service Tax 1. Service Tax payment for the month of September, 2014 is due for payment on 6th October, 2014 for assesses including Individual, Proprietary Firm, Partnership Firm or LLP. It is now mandatory for all assesses w.e.f. October 1, 2014,

An Accountant; a value creator or a value counter or co-ordinator in a Business

Posted by CA.Raj Kumar Gupta 11 October 2014 21382 Views

An accountant; a value creator or a value counter or a value co-ordinator in a Business.Business has been almost fully corporatized in this twenty first century. Now days, we can find that even small business entity prefer to work in corporate firm r

Interest allowable on refund of pre-deposits

Posted by Bimal Jain 11 October 2014 13063 Views

Dear Professional Colleague,Interest allowable on refund of pre-depositsWe are sharing with you an important judgment of Honble Delhi High Court in the case of Afcons Infrastructure Ltd. Vs. Union of India [(2014) 49 taxmann.com 79 (Delhi)] on