CAclubindia Articles

Stay of Demand Certain issues under RVAT Act 2003

Posted by PAWAN KUMAR KEDIA 07 July 2014 7868 Views

Brief: Whenever the assessing authorities creates a huge demand against any dealer, the dealer if aggrieved from the order of the assessing authorities prefer an appeal before the Dy. Commissioner Appe

Detailed Analysis- Gifts Taxation under IT Act

Posted by caushagarg 05 July 2014 25516 Views

Taxability of Gift under Income Tax Act, 1961As per Income Tax Act, receiver (donee) of gift is charged to taxation u/s 56(2)(vii). The donor of gift is not charged to taxation under this section. However, the below cases is analyzed from the taxatio

Taxation Of Charitable Trust

Posted by PRATIK SHAH 05 July 2014 255200 Views

Registration and Taxation of charitable & Religious Trust Preamble:According to one survey in India there is 1 N.G.O per 800 Indian Citizen. We cant find even a single village in India where there is no Religious place. We might not fin

Experts seek a pathbreaking Budget

Posted by Nilesh Patel - CPA (USA), IRS 05 July 2014 15450 Views

I. International Tax Foreign Tax Credit Q. 1. Currently Taxpayers are unable to carry forward unutilized (excess) Foreign Tax Credit (FTC) to future years, and set off such unutilized FTC against the tax liability in the succeeding years. Thi

CBEC seeks adherence to judicial discipline in refund cases

Posted by Bimal Jain 05 July 2014 7351 Views

CBEC seeks adherence to judicial discipline in the matter of refundsThe Central Board of Excise & Customs (the CBEC) has issued Instruction F. No. 201/01/2014-CX.6 dated June 26, 2014 (the Instruction) for all the Comm

How to check your Income Tax Refund online

Posted by CA Chirag Chauhan 04 July 2014 27182 Views

Many people are not aware about that their tax refund status. The Refund status can be easily ascertained online with a few simple and easy steps. The Refund Banker Scheme', which was first introduced by the Income Tax Department in Jan 20

Deductor to be deemed as assesee in deafult only in respect of actual tax liability of Non-Resident

Posted by Amit Bajaj 04 July 2014 6942 Views

CBDT in its instruction No. 2/2014 [F No. 500/33/2013-FTD-l], Dated 26-02-2014 issued in view of the judicial develpments in the cases of GE India Technology P Ltd. vs CIT [2010] 7 taxmann.com and Transmission corporation of AP Ltd v. CIT [1999] 105

Deposits & Private Companies- Companies Act, 2013

Posted by Satvir Singh 04 July 2014 16323 Views

Loans from shareholders, directors & their relatives has been a major & easy source of finance for many private companies. However, with new Companies Act, 2013 bringing all such loans, except from directors, under the ambit of deposits, all

Frequently Asked Questions on Companies Act, 2013

Posted by Guest 04 July 2014 24166 Views

Disclaimer: The Institute has set up a dedicated e-mail id for posting operational difficulties and views relating to Companies Act, 2013. Several pertinent and relevant queries with regard to the Companies Act, 2013 have been received from the stake

How to maintain work life balance?

Posted by CA Vijeta Verma 02 July 2014 24233 Views

It is a very well known fact that our outer world is exactly the reflection of our inner world. But if the funda is as simple as we receive back only what we give out then why there is so much hassle and hotchpotch in our lives. No doub