CAclubindia Articles

Analysis of Cenvat Credit - Changes in FA 2011

Madhukar N Hiregange 03 May 2011 at 11:55

Analysis of Cenvat Credit- Changes FA 2011 By Madhukar.N. Hiregange, FCA Introduction: The primary object o

Dispute - Genesis to Resolution

Madhukar N Hiregange 02 May 2011 at 18:30

Handling of Departmental Proceedings - Survey, Search & Seizure, Adjudication Proceedings and Appeals CA Madhukar N. Hiregange The objective of this article is to summarise the basic backgrou

Few questions on Service Tax and Vat

Member (Account Deleted) 02 May 2011 at 12:42

SERVICE TAX & VAT Dear Student,These are important questions for revising again in last days.Please do complete course and then refer these Q & A.Dont take this as a short-cut.Although I promise you, these questions are picked after

Most Ignored Section 80GG - Deductions in Respect of Rents

Amol Gopal Kabra (CA,CS,DISA) 02 May 2011 at 11:27

SECTION 80GG DEDUCTIONS IN RESPECT OF RENTS PAID Section 80GG is a little ignored Section of the Income Tax Act, 1961. This section provides deductions to those individuals who dont get any benefit of the amount paid towards rented accomm

eXtensible Business Reporting Language (XBRL)

CA DHIRAJ SATNALIKA 30 April 2011 at 18:57

An Introduction to XBRL XBRL is a language for the electronic communication of business and financial data which is revolutionising business reporting around the world. It provides major benefits in the preparation, analysis and communication of bus

Clarification regarding sending copies of Balance Sheets

CS DHANAPAL 30 April 2011 at 18:25

Dear All Sometimes before Postal Department has discontinued the UPC service namely the facility of Certificate of Posting. Consequent upon which our Ministry of Corporate Affairs had permitted the service of documents upon the Shareholder

Failure to voluntarily apply sec 50C does not attract penalty

Amit Bajaj 29 April 2011 at 15:09

The ITAT Mumbai has given an important decision on levy of penalty u/s 271(1)(c) of Income Tax Act when a person fails to declare capital gain as per the deeming fiction of section 50C, I find this Judgment very useful and sharing it for the benefit

Certificate of Commencement of Business- In case of SLP

CS Ankur Srivastava 29 April 2011 at 15:08

1. Requirement for obtaining commencement of business certificate A public limited company having share capital cannot commence business until it has obtained the certificate to commence business from the Registrar of Companies. Normally,

Analysis of Penalty on Late Filing of Service Tax Return

CA Navin Jain 29 April 2011 at 15:07

ANALYSIS OF PENALTY ON LATE FILLING OF SERVICE TAX RETURN Amendment in Section 70 (1) In Section 70 (1) of the Finance Act, 1994, for the words two thousand rupees, the words twenty thousand rupees shall be su

Section 50c applies to immovable depreciable assets

Amit Bajaj 29 April 2011 at 15:03

ITO vs United Marine Academy(Mumbai ITAT) Brief Facts: The assessee sold an office building for Rs. 49.43 lakhs. As the WDV of the said building was also Rs. 49.43 lakhs, no STCG was offered to tax. The AO held that as the stamp duty valuation of t