CAclubindia Articles

Service Tax VCES, 2013: Issues of Tax Paid before VCES

Posted by CA RITUL PATWA 02 September 2013 13574 Views

ISSUE 1 : Assessee has paid 100% Tax before enactment of VCES, 2013 but failed to file the ST return. Query Whether the assesse can file a declaration under VCES, 2013 and get the benefit of immunity from Interest & Penalty? Our View :-

3CB/3CD E-Filing Utility - Turning into Harassment of the Professionals

Posted by CA Sudhir Halakhandi 02 September 2013 18086 Views

The xml utility of E-filing of Tax audit report is under process of continuous alterations, amendments, modifications and the last in this series of is introduced on 24th Aug 2013. Our first question is that why so many amendments, modification, a

Refresher on Companies Bill 2013

Posted by CS DHANAPAL 31 August 2013 31569 Views

This year Independence Day celebrations began in advance! With the approval of Companies Bill by Rajya Sabha (the Upper house of Parliament), Corporate India has found its true independence. Indian Corporate Sector which was reeling under the age ol

The Bear Maulings

Posted by Juuhhii Agarwal 31 August 2013 6017 Views

Majority of stocks trade below 2008 valuation. says Analysts. Thus screamed the evening editions of Economic Times. All of this led me to hurriedly open the charts of prominent counters in 2008 and the first of them was Nifty Future ch

No TDS on Service Tax charged on Professional or Technical fees

Posted by Bimal Jain 30 August 2013 28729 Views

We are sharing with you an important judgement of the Honble Rajasthan High Court, in the case of Commissioner of Income Tax (TDS), Jaipur Vs. M/s. Rajasthan Urban Infrastructure [2013 (8) TMI 12 RAJASTHAN HIGH COURT] on following iss

Can you say it is my voice

Posted by CA SURENDRA KUMAR RAKHECHA 30 August 2013 9067 Views

TEST THE BEHAVIOUR OF INDIANS : . (switching back to old days). . . First of all; . SECURITY OF MONEY: . Public prefer FD for security of money. Assuming banks are 100% safe. Many Banks officials (aptly corrupt) pass loans and convert it into huge

Fall of Rupee: Another entrepreneurship era?

Posted by Siddharth Maheshwari 30 August 2013 12123 Views

Fall of Rupee: Are we headed towards another Entrepreneurship era? When economists and socialists compare Indias economy to what it was before liberalization, leaving all the economic downturns aside, it brings a small smile to me. Not beca

What's Your Score?

Posted by TIRTHA RAY 29 August 2013 17237 Views

What is CIBIL? Credit Information Bureau (India) Limited or CIBIL is a Credit Information Company (CIC) founded in August 2000. CIBIL come to play a critical role in India's financial system. CIBIL collects and maintains records of an individual's pa

Provisions of the Companies Bill 2013 and the law making powers of the Parliament of India

Posted by Rajkumar Adukia 29 August 2013 15404 Views

OVERVIEW OF COMPANIES BILL, 2013 THE COMPANIES BILL, 2013 The review and redrafting of the Companies Act, 1956 was taken up by the Ministry of Corporate Affairs on the basis of a detailed consultative process. The Companies Bill, 2013 was passed

Whether or not the debentures are loans covered u/s 269SS

Posted by Rupesh Srivastava 28 August 2013 30179 Views

(2013) TaxCorp(LJ) 1637 (ITAT) Income Tax Section 271D, 269SS, 269T Whether or not the debentures are loans covered u/s 269SS F.Y 2004-05, the assessee company has shown 5171.40 crores under the head as Optionally Fully Convertible Debentures