CAclubindia Articles

Transfer of Right to use and Software Licensing

Posted by CA. SRIKANTHA RAO T 12 June 2014 10678 Views

By CA Srikantha Rao TThe introduction of the category of Information Technology Software Service as a taxable service category u/s 65(105)(zzzze) of Chapter V of Finance Act 1994 with effect from 16th May 2008 led to issues regarding the taxability o

Extra Charges on Restaurant Bill

Posted by CA Prashant Gupta 12 June 2014 19624 Views

Have you ever noticed that when you go to a restaurant and place order; you calculate the expected bill amount in your mind: But when the bills comes it is more than you expectation. I am sure it happens with all of u

Plan your minutes and hours/days will be automatically planned

Posted by CA Neha Bhuwania 11 June 2014 21903 Views

Time management is the most critical element of a student. Coming to think of it practically, the term looks simple and often heard of, but undoubtedly is hard to apply. A simple example would mean you could easily spend your time watching a movie fo

Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer

Posted by Amit Bajaj 11 June 2014 14667 Views

The system of VAT was introduced in the sales tax law to bring more transparency, efficiency, to remove tax cascading etc. The difficulties which may arise in any system comes to picture only when the system is practically implemented. One of the ma

Understanding Penalty under income tax with latest case laws

Posted by Manish Kumar Agarwal 11 June 2014 36883 Views

Penalty is one of the weapon which is now used by Income tax department (ITD) for each & every kind of addition they are making during the assessment. Further recently the weapon also used for transfer pricing documentation also. The handling of

CBDT expanding the Scope of Audit Reports to be filed electronically

Posted by Mukesh Lunawat 11 June 2014 13166 Views

Tax Alert M2K 011/ 2014 Documents to be furnished electronically along with the return of income Scope expanded by the Central Board of Direct Taxes ('CBDT') Existing Rule As per Rule 12(2) of the Income-tax Rules 1962 (IT Rules

12 interesting Changes in ITR FY 13-14

Posted by S.ASWATH 10 June 2014 47893 Views

There are 12 interesting updates in the ITR of FY1314 which are : 1. There are no refund by Cheque and only e-refund will be allowedControversy : Till now there are two option such as e-refund as well as cheque. But where the refund exceeds the limit

New CA Act implication

Posted by CS Ankur Srivastava 10 June 2014 25348 Views

Companies Act, 2013A review and immediate actions required Sr. No Particulars Section Action to be taken Time limit 1. Changes in letterhead, bills etc Section 12(3) Pri

Deposit under new CA Act

Posted by CS Ankur Srivastava 10 June 2014 12841 Views

Detailed provisions of depositExisting Deposits: Where the deposit accepted by the company before the commencement of this Act, the amount of such deposit or part thereof or any interest due thereon remains unpaid on such commencement or becomes due

Karniti Part-40: State Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT

Posted by CA Umesh Sharma 10 June 2014 15717 Views

Arjuna (Fictional Character): Krishna, on 5th June 2014, Deputy Chief Minister and Finance Minister of Maharashtra State presented the finance budget for the year 2014-1