CAclubindia Articles

Ultra Vires! Rule 5 of Point of Taxation Rules, 2011

Posted by Manoj Agarwal 05 August 2014 19553 Views

1. Levy Vs. Collection of Service Tax - Concept 1.1 In any taxing statute, the statutory provision imposing levy of tax (i.e. the charging section) is of foremost importance. The parliament has levied service tax by enacting the Finance Act, 1994

Incentive for setting up industrial unit in Maharashtra

Posted by CA Umesh Sharma 05 August 2014 15915 Views

KARNITI PART:48WHY PACKAGE SCHEME OF INCENTIVES 2013 BENEFICIAL FOR SETTING UP INDUSTRIAL UNIT IN MAHARASHTRA Arjuna (Fictional Character): Krishna, What incentives are available from the Government on setting up a Business /Indust

Form 5 INV is not required to be filed in every case

Posted by CA Nitesh Kumar More 04 August 2014 10232 Views

When a Company is required to file form 5 INV? As per Rule 3 of Investor Education and Protection Fund (Uploading of information regarding unpaid & unclaimed amount lying with companies) Rules 2012, every company (including Non-banking Financia

Best way to handle business meetings - Don't judge, only Observe!

Posted by Praveen Sharma 04 August 2014 10809 Views

Best way to handle business meetings - Dont judge only Observe!Dr. Eliyahu Goldratt, a physicist once said in his book the Choice I smile and start to count my fingers. One, people are good. Two, every con

DT Fundas - understanding of legislative system

Posted by Member (Account Deleted) 04 August 2014 8089 Views

let us understand our legislative system. Constitution of India is the supreme law of India. India has been further divided into 2 categories by constitution i.e. Central India (India as a whole) and Independent states (States). Parliament has been e

Amendment in Rule 6(8) Of CCR - Treating Malaria Patient with the medicine meant for typhoid

Posted by Pradeep Jain 04 August 2014 13943 Views

Introduction: Budget, 2014 is said to be the first step of Modi Government towards Achhe din. However, to the Central Excise and service tax assessees it has come up with mixed feelings. It has fulfilled few desires by bridging certain

Partial reverse charge in the case of firms

Posted by Jatin Srivastava 04 August 2014 9284 Views

Partial reverse charge mechanism on manpower supply if service receiver is a firm As per the provisions of reverse charge mechanism on manpower supply it is applicable only in the cases, where the service receiver is a body corporate.The word body c

Simple Process to raise capital for unlisted companies under new Company Law

Posted by CA Nitesh Kumar More 04 August 2014 16850 Views

A. A Pvt Ltd is having two members, Mr A & Mrs A. Co wants to raise Rs 2 Lakhs by issue of equity shares. Mr A & Mrs A do not want to invest further. Even Mrs A wants to sell some shares. However, Mr C wants to invest in the Company. It is

Black Money - Income Tax weapon of Search & Seizure becoming Stingless!

Posted by Guest 04 August 2014 24298 Views

Today, I intend to discuss the most powerful and intrusive tool of Search & Seizure that the Income Tax Department possesses. In fact, in general public perception, the Income Tax Department is better known for its 'raids' on corporate ho

Demand of Tax vs Pre Deposit

Posted by Dilip K Raina 04 August 2014 12737 Views

"Taxation should not be a painful process for the people. There should be leniency and caution while deciding the tax structure. Ideally, governments should collect taxes like a honeybee, which sucks just the right amount of honey from the flow