CAclubindia Articles

Denial to grant Input tax credit on Flimsy Grounds

Posted by Jaswinder Singh Bedi 23 June 2014 8234 Views

Denial to grant Input tax credit on Flimsy Grounds by the VAT Authorities without following the settled law laid down by Honble Supreme Court of India and by the High Courts Every Registered Dealer is the agent of Department of Excise & Ta

GST and the expectation in the Union Budget

Posted by RENGARAJ R.K 23 June 2014 14442 Views

Dear Sir,As required, i am submitting an article titled "GST and the expectation in the Union Budget". This is the need of the hour of the industry as a whole. You have published many of articles. Thanks.r.k rengaraj, advocate GST and

Tax Evasion in India - Ways, Effect and Control

Posted by NILA REJESH P 23 June 2014 98727 Views

One of the major obstacle before India Government is Tax evasion. Tax evasion is the way people evade tax by illegal and unfair means. They may claim lesser profit, gains or turnover than actual. Even if

Tax & Corporate law implication on Capital reduction

Posted by vikash kumar singh 23 June 2014 35307 Views

IntroductionABC (Company) consider to reduce the equity share capital of the promoters of the company pursuant to which, the company will distribute land to the promoters by entering into a scheme of capital reduction sanctioned by High Court in acco

Meetings & Minutes - Key Changes under the Co.Act, 2013

Posted by CS DHANAPAL 20 June 2014 34565 Views

Key Changes Under The Companies Act, 2013 BOARD MEETINGS 1. Time limit prescribed for holding first board meeting. First Board meeting to be held within 30 days of incorporation. [Section 173(1)] 2. Minimum number of meetings to be held in a year: &b

Tax (Service Tax) Implication of Freelance Work in India - Part 2

Posted by JAINENDRA JAIN 20 June 2014 25726 Views

Before Continuing to the next part, I would like to thanks to readers for the positive response to my first article. Link to my first article: http://www.caclubindia.com/articles/tax-implication-of-freelance-work-in-india-part-1-20778.asp#.U6MUVvmSxH

First Report of the Tax Administration Reform Commission (TARC)

Posted by Bimal Jain 20 June 2014 7709 Views

The Government had constituted Tax Administration Reform Commission (the TARC) headed by Dr. Parthasarathi Shome, in August 2013, to suggests core reforms to the tax adminis

Kaun Banega 'Service Receiver'?

Posted by Member (Account Deleted) 20 June 2014 12394 Views

The title of the article has taken its genesis from the newly introduced Place of Provision of Service Rules, 2012 (for brevity POP Rules). As every person readin

Sec 71 of Income Tax Act - A common man's dilemma

Posted by sksen 20 June 2014 29704 Views

From Assessment year 2005-06, Sec .71 of the Income-tax Act, 1961 (the Act) lay down that a loss computed under the head Profits and Gains of Business or Profession shall not be allowed to be set off against the income assessable under

Serious Fraud Investigation Office - Salient Features

Posted by CS DHANAPAL 20 June 2014 17284 Views

Functions and Powers Companies Act 2013 provides for establishment of a Serious Fraud Investigation Office (SFIO) to investigate into the affairs of the Company on an order by the Central Government and where any case has been assigned to the SFIO, n