CAclubindia Articles

Service Tax on Educational Institutions

Posted by Guest 18 November 2013 48925 Views

Article 21A of The Constitution inserted by The Constitution (Eighty Sixth Amendment) Act, 2002 is notified with effect from April 1, 2010. This Article deals with “Right to Education” and states as under: “The State shall provid

Mutual Funds - What, Why and How?

Posted by CA Chiranjiv Kumar 16 November 2013 37358 Views

What are Mutual Funds? Mutual funds are nothing but units of investment, like in shares or debentures, issued by a Mutual fund company. They are professionally managed collective investment vehicle which pools investments to purchase securities. An

Importance of CA Articleship!

Posted by Amrit Dalmia 14 November 2013 64542 Views

Someone has rightly said, "One can't learn swimming until one jumps into the water." Such is the importance of Articleship. Its just like another waterbody. Unless a IPCC qualified student throws her/himself into this waterbody, how s/he can dream of

Online filing of the second quarter return FORM DVAT 16

Posted by Devinder Jain 14 November 2013 55186 Views

Section 27 requires every dealer to furnish the return in the appropriate Form prescribed under the rules, containing the information and particulars required in

"Service" & "Consideration" - Random Thoughts

Posted by Madhukar N Hiregange 13 November 2013 22522 Views

Understanding of "Economic Activity" and "Consideration" in Service Tax- Random ThoughtsThe concept of negative list regime is that there should be an economic activity [as differentiated from personal activity] whether carried out free of charge or

House Rent Allowance - A tool of Tax planning for employees

Posted by CA Chandra Kishore Bajpai 13 November 2013 115173 Views

House Rent Allowance (HRA) is second component which is found in each pay slip after basic salary. This is the major contributor in tax relief for the employee who reside in rented house during his/her employment.Generally employee submits Rent recei

Interest if dept unjustly hold rightfully earn Cenvat Credit

Posted by Bimal Jain 13 November 2013 14625 Views

Dear Professional Colleague, Assessee entitled to interest if the Department unjustly holds rightfully earned Cenvat credit We are sharing with you an important judgement of the Honble Gujarat High Court in the case of Hindustan Coca-Cola Bev

Danger But Best Period

Posted by CA Chirag 12 November 2013 31777 Views

After having writing articles on How to write in CA Exams and Last Days before CA Exams, I decided to write an article on Danger But Best Period. You might get surprised with the words Danger But Best

Karniti Part-10: After Diwali,Take care of health exps & Income Tax

Posted by CA Umesh Sharma 12 November 2013 16928 Views

Medical Expenses and Income Tax Arjuna: Madhava, just now Diwali festival has been celebrated. On the occasion of Diwali, we have discussed how books of accounts to be maintained and if one has to start new business then which tax laws are required

Taxation of Works Contracts under TN VAT act/ Rules - 3rd Revision

Posted by P.Jagadeeswaran 12 November 2013 96264 Views

Taxation of Works Contracts under TN VAT Vs Profit maximization in project execution. Meaning of Works Contract in TN VAT: Sec 2(43) defines as "Works Contract" includes any agreement for carrying out for cash, deferred payment or other valuable cons