CAclubindia Articles
ST on Works Contract Service under Reverse Charge Mechanism
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
Voluntary Compliance Encouragement Scheme 2013
VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013- ENGOURAGING ENOUGH? The Budget of 2013-14 ushered in a new gift for a multitude of service tax payers; or rather non-payers by announcement of the Voluntary Compliance Encouragement Scheme, 2013 or the
Corporate Governance & its Importance
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?
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
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
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
Valuation Under Companies Act 2013
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
Power to call for general information u/s 133(6)
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
Professional reading - My Perspective
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?
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
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