CAclubindia Articles

Friendly introduction to service tax

Posted by Annu Agarwal 25 April 2014 15118 Views

Here a conversation between me and my friend who wants to start up his advertising business,please have a look:My Friends Question1My Friend:Hey! I need to start up my own advertising business.Is service tax applicable to me?Me:Hey there,Congr

My Own Research & Development Department

Posted by CA SURENDRA KUMAR RAKHECHA 22 April 2014 18658 Views

The heading looks so graceful, innovative, astonishing, motivating and hilariousalso to hear such words from your own mind! Yes, I am talking about your own mind which always tries to find something new to make the life &

Karniti Part-33: Tin number wise details of Purchases and sales must along with MVAT returns From 1st April 2014

Posted by CA Umesh Sharma 22 April 2014 15818 Views

Arjuna (Fictional Character): Krishna, What major changes took place in the Maharashtra Vat Act from 1st April 2014?Krishna (Fictional Character): Yes Ar

Joint Charge-Compliance and Credits Under Negative List Based Taxation

Posted by Madhukar N Hiregange 22 April 2014 9561 Views

Introduction:The service tax law based on negative based taxation has been effective fr

Sales of goods on High Seas Sale & by Transfer of Ownership

Posted by CS M Pota 22 April 2014 75714 Views

• What is High Seas Sale To understand what is high sale it is needed to understand the meaning of ‘high sea’. The term ‘High Sea’ means any location in the Sea/Air which is not covered in the territorial limit of India.

Section 40(a)(ia): Whether applicable to sum payable at the year end or on all sums during year

Posted by Sagar Gupta 22 April 2014 20399 Views

Section 40(a)(ia) of the act was introduced in the Income Tax Act, 1961 by the Finance (No 2) Act, 2004 w.e.f. 01.04.2005 with the view to augment the revenue through the mechanism of tax deduction at source. This provision was bought so as to disall

Recent Changes in Service Tax

Posted by Madhukar N Hiregange 22 April 2014 44501 Views

Introduction Service tax is a levy on provision/rendition of service in India. Chapter V of Finance Act, 1994, introduced Service tax in India and it came to force from July 1994. Finance Act, 1994 is the only parent

Avoiding Dispute Alternative

Posted by Madhukar N Hiregange 22 April 2014 5001 Views

Avoiding Dispute Alternative Best Practices?-By Madhukar N HiregangeOne of the major challenges for the assessee is avoiding of the disputes with the department. To avoid/ reduce such disputes with the department, one must understand

Exemption Notification cannot be forced upon assessee

Posted by Bimal Jain 21 April 2014 7844 Views

Dear Professional Colleague,Exemption Notification cannot be forced upon assessee No legal bar on paying duty & availing benefit of Modvat schemeWe are sharing with you an important judgement of the Honble High Court of Delhi, in t

A Note on Independent Director - A New Law in Co Act

Posted by radha 21 April 2014 40868 Views

A NOTE ON INDEPENDENT DIRECTORS The term Independent Director is not a new for us. Provisions in relation to Independent Director was well incorporated by the SEBI in the listing Agreement. Now the Companies Act, 2013 also introduced the definition a