CAclubindia Articles

Service Tax Exemption for Environmental Cause

Posted by Pradeep Jain 16 July 2014 7896 Views

Introduction:- The government led by Narendra Modi has made certain amendments that aim to streamline both social and environmental objects with a view to gain confidence of the public at large that supported them whole heartedly. One of such amendm

Extending Scope of Advance Ruling

Posted by Pradeep Jain 16 July 2014 6411 Views

EXTENDING ADVANCE RULING TO RESIDENT PVT. LTD. COMPANIES The Union Budget 2014-15 was announced by The Hon’ble Finance Minister ‘Arun Jeithly’ on 10.07.2014. In this budget, some amendments have been made in the regime of Indirect T

Impact of Freight on valuation - Indirect tax

Posted by Nagendra Hegde 15 July 2014 71927 Views

Impact of Freight on valuation - Indirect tax By Nagendra Hegde Transportation is a fundamental arrangement without which none

Taxation Regime for REIT and InvITs in Finance Bill 2014

Posted by CMA Devi Vara Prasad Korada 16 July 2014 18480 Views

1.Introduction: Real Estate Investment Trusts (REITS) have been successfully used as instruments for pooling of investment in several countries. Infrastructure Investment Trusts (InvITs), a modified REITS type for infrastructure projects is also bein

Procedure for Increase in Authorise Capital under CA 2013

Posted by Ankur Garg 15 July 2014 280195 Views

Dear All, As per my understanding procedure for Increase in Authorize share Capital is one of the most frequently searched topics by professionals. An attempt has been made from my side to unlock the provisions of Companies Act, 2013 related to Incre

A Close Watch on Service Tax Defaulters

Posted by Pradeep Jain 14 July 2014 30770 Views

The Government has enhanced the rate of interest to be charged on delayed payment of Service tax under Section 75 of Finance Act, 1994. This increase in the rate is based on period of delay rather a single increased rate for any period of delay. Thus

Section 32AC- An Aid to Prosper the Manufacturing Sector

Posted by riddhi vasistha 15 July 2014 26546 Views

Section 32AC - There are several policies which affect the culture of investment in manufacturing sector. The union finance minister has proposed to extend the scope of section 32 AC. The invit

Union Budget - An impact on common Indian

Posted by CA Neha Bhuwania 15 July 2014 18653 Views

The Union Budget- Indias embarkment into a new era- Impact on common IndianThe long awaited budget of the new government finally came up last week and must say, given the paucity of time to actually work on this intense budget, the Modi Govern

Real Estate Investment Trust (REIT) - Direct Tax Proposal

Posted by MOHIT JAIN 15 July 2014 17777 Views

Globally REIT is well developed phenomena, serving dual purpose of providing investor with alternative investment avenue, being real estate properties and providing developer or private equit

CMAs' Role in Tax Audit

Posted by CMA Arif Farooqui 14 July 2014 31543 Views

Finance Act, 1984 introduced Section 44AB under Income-tax Act, 1961 w.e.f Assessment Year 1985-86. Under this section, if the total sales / turnover or gross receipts for previous year exceed the prescribed limits then assessee is required to get hi