CAclubindia Articles

Reversal of Input tax credit on sale of by products

Posted by Jaswinder Singh Bedi 13 June 2014 11929 Views

Reversal of Input tax credit on sale of bye products amounts to double taxation and also exceeds the outer limit of taxability prescribed under the Act Specially in Sheller Trade which is clear cut violation of Article 286 of the Constitution of Indi

All About Related Party Transaction

Posted by CA Gaurav Mittal 13 June 2014 20489 Views

SECTION 188 RELATED PARTY TRANSACTION Section No - 188 of Companies Act 2013About - Related Party TransactionsApplicable on - Private and Public limited comp

Report on AGM

Posted by CS M.Kurtrala Nathan 13 June 2014 9693 Views

Introduction:Section 121 of the Companies Act,2013 and Rule 31 of Companies (Management and Administration) Rules,2014 deals with Report on Annual General Meeting. This is the new provision introduced by the Companies Act ,2013, which mandates the re

CSR as per Companies Act, 2013

Posted by NILESH PATEL 12 June 2014 20599 Views

Key Highlights on Corporate Social Responsibility under Companies Act, 2013Abbreviations:1. CSR Corporate Social Responsibility 2. CSRP Corporate Social Responsibility PolicyImportant Points:1. CSR committee needs to be constituted if

Transfer of Right to use and Software Licensing

Posted by CA. SRIKANTHA RAO T 12 June 2014 10654 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 19581 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 21892 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 14647 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 36860 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 13162 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