CAclubindia Articles

Capital Gains and Tax Exemption as per Income Tax Act, 1961

Posted by NILA REJESH P 17 September 2014 65955 Views

Capital Gains and Tax Exemption as per Income Tax Act, 1961Technical TermsSection 2(14) of Income Tax Act, 1961 defines Capital Asset as "Property of any kind held by the assessee whether or not connected with his business or profession but does not

Critical Analysis on Reverse Charge Mechanism in Service Tax

Posted by CA Vijaykumar Gutte 11 September 2017 173403 Views

Reverse Charge (Tax Shift) Generally, service tax is payable by person providing the service who actually collect the tax and pays to government. But Section 68(2) introduced and makes prov

Notional interest on interest free security deposit cannot be added to the rent for levy of ST

Posted by Bimal Jain 17 September 2014 16467 Views

SERVICE TAX RECENT CASE LAWS Notional interest on interest free security deposit cannot be added to the rent for levy of service tax on renting of immovable properties Murli Realtors Pvt. Ltd. and others Vs. Commissioner of Central Excise Pune-II [

Changes in PF (Provident fund) Limit enhanced 6500 to 15000

Posted by Sushil Kumar Shaokand 17 September 2014 72956 Views

Following changes has occurred by the amendment made by Ministry of Labour and Employment on dated- 19/08/2014 and 22/08/2014 respectively:These changes will be applicable from 01/09/2014, Means these will be applicable from the wages payable for the

SEBI- clause 49 of listing agreement

Posted by Sumit Grover 16 September 2014 20151 Views

Stock Market regulator, Securities & Exchange Board of India(SEBI) has introduced certain amendments to the revised clause 49,vide circular dated 15th September, 2014, which is to be made effective from 1st October, 2014 onwards. The gist of the

Service tax applicability on Foreign Bank services

Posted by CA Pravendra Rana 9717036532 16 September 2014 17051 Views

In today's scenario, for the purpose of export of goods or services from India and import of goods or services to India, there are various requirements. Out of which, in case of export of goods/services, one requirement is "forwarding of documents" &

Liability of Municipal Corporation under consumer protection act

Posted by v. srikanth 16 September 2014 5825 Views

The liability of municipal corporation was decided by the apex Court in a very recent judgment in the case of Vadodara Muncipal corporation vs. Purshottam V. Murjani and others. In the said case, the Sursagar lake which was under the control and mana

Top 5 Careers where Financial Modeling is a 'Must-Have-Skill'

Posted by Ashutosh 16 September 2014 14697 Views

When beginning a dream career in Finance, many jobs list down Financial modeling skill as a priority requirement. You can prepare better for such job-interviews by understanding the relevance of this Must-Have-Skill. Which are these job

Understanding AS 22 - Deferred Taxes

Posted by Himanshu Kalra 15 September 2014 110020 Views

AS 22 is considered a tricky accounting standard and rightly so. This article is an honest effort to explain the same it in simple words.Deferred tax means providing for the differences between accounting income an

In Pitru Paksha memorizing ancestors & their property taxation

Posted by CA Umesh Sharma 15 September 2014 8891 Views

Karniti Part 54:In Pitru Paksha memorizing ancestors & their property taxation.Arjuna (Fictional Character): Krishna, the fortnight starting from 9th September to 23rd September is called as pitrupaksha or shrad