CAclubindia Articles

ST on Works Contract Service under Reverse Charge Mechanism

Posted by CA Chandrashekar L 11 December 2013 650463 Views

Date :10/12/2013An Overview of Service Tax on Works Contract Service under Reverse Charge Mechanism 1.Reverse Charge?As per Section 68(1) of the Finance Act, liability to pay service tax is of the service provider. However there is exception to the

Corporate Governance & its Importance

Posted by CA S K MISHRA 10 December 2013 20804 Views

Corporate Governance In todays globalize and interconnected world, investors, creditors and other stakeholders have come to recognize that environmental, social, and governance responsibilities of a company are integral

Karniti Part-14: Why, Carrot to Service tax defaulters and sticks to followers?

Posted by CA Umesh Sharma 10 December 2013 18693 Views

Why, Carrot to Service tax defaulters and sticks to followers? Arjuna (fictional character): O Lord Krishna, Why Honble Finance Minister is promoting the Voluntary Compliance Encouragement Scheme of Service Tax so much? Lord Krishna (fictional

Loan provided to employees- Perquisite calculation - Part II

Posted by T E Gautham 10 December 2013 21940 Views

In an earlier previous post, we had a look at the basis of perquisite calculation on loans provided to employees and members of their household. According to Rule 3 (7)(i) of the Income Tax rules, the taxable value of benefit an employee derives on a

Value Added by Finance

Posted by Ramkrishna Mokashi 10 December 2013 17644 Views

CAs are Cost Centers and MBAs are Profit Center.This is a discussion which has been going on for long. I am not going to share statistics on the values added by CAs and MBAs and compare with. Instead, I will share insights into what values a Finance

Power to call for general information u/s 133(6)

Posted by sivadas chettoor 09 December 2013 185081 Views

POWER TO CALL FOR GENERAL INFORMATION U/S 133(6) OF THE INCOME TAX ACT 1961- A STUDY INTRODUCTION:The Hon Supreme Court of India, in August 2013, pronounced its judgment in Kathiroor Service Cooperative Bank Ltd & Others V Commissioner of

Valuation Under Companies Act 2013

Posted by CA S K MISHRA 09 December 2013 86198 Views

What is Valuation? International Valuation Standard Council has defined Valuation as the process of determining the Economic Worth of an Asset or Company under certain assumptions and limiting conditions and subject to the data

Professional reading - My Perspective

Posted by kartik 09 December 2013 20793 Views

Before I begin, I would just like to mention that the reading I mention here is professional reading, not reading as a hobby. I think reading as a professional habit is now virtually non-existent amongst many of us. The reasons vary: from a sheer lac

What Is the Difference between Investing and Speculation?

Posted by Guest 09 December 2013 22325 Views

What is the difference between investing and speculation? At first, you think the answer is simple because the distinction is obvious — that is, until you actually put pen to paper and try to answer the question. Go ahead; take a few seconds an

Why not print Unlimited Money? - Why is it Impossible?

Posted by Rohit Jain 06 December 2013 61552 Views

Why not print unlimited money? Money can be defined as any object that is used as a payment medium for goods and services.With the progress of mankind, money has evolved from pebbles to paper currency, from paper to plastic currency and from plasti