CAclubindia Articles

The importance of Strategic Study

Posted by Priyadarshan Banjan 01 April 2013 15341 Views

A bad plan is better than having no plan at all Mikhail Tchigorin Well, Im student of Chartered Accountancy at Mumbai. I recently cleared the CA-IPCC (November 2012). Id like to share with you guys about an impor

Service Tax on Restaurants

Posted by Ankit Gupta 01 April 2013 57757 Views

Service Tax on Restaurant Industry By Ankit Gupta and team (argtaxconsultants@gmail.com) Prior to Negative List A new category of taxable service for levy of service tax on restaurants was introduced by insertion of sub-clause (zzzzv) in cl

Are you ready for IPCC Taxation Exam-May 2013?

Posted by CA Siva Kishore 01 April 2013 33444 Views

Are you ready for IPCC Taxation Exam-May 2013? May 2013 IPCC exams are approaching nearer. In the light of several amendments and changes brought in by the Finance Act, 2012 and paradigm shift in Service tax law based on Negative List (i.e. selectiv

Service tax implication on AC Restaurants-Finance Bill, 2013

Posted by Bimal Jain 01 April 2013 48234 Views

With effect from July 1, 2012, Service is defined under Section 65B(44) of Chapter V of the Finance Act, 1994 (the Finance Act) means any activity carried out by a

Spread Your Wings in Arena of Corporate Governance!

Posted by CS Shilpi Thapar 29 March 2013 12740 Views

Introduction With ever-increasing importance of Corporate Governance practice in light of global financial crisis, Board of Directors is under tremendous pressure to quickly redesign their business structure and framework and adopt the new busines

Service Tax Return (ST-3) for July-Sep, 2012 now available

Posted by Bimal Jain 29 March 2013 42408 Views

Service Tax Return (ST-3) for July-September, 2012 now available in modified format for e-filing on ACES. Service Tax Return (ST-3) is now available in a modified format for e-filing on ACES website for the quarter July to September 2012, which req

Duty increase in Compound Levy

Posted by Pradeep Jain 29 March 2013 12473 Views

Patta Patti manufacturers: Tempted to opt Cenvat Scheme Introduction: Compounded levy scheme was introduced in the Central Excise Law with the duty of Rs. 10000/- per machine per month in the year 1994. The scheme was simple with reasonable

Analysis of Benefit through Press Release on ECB with accounting treatment under Para 46 / 46A of AS 11

Posted by Nirmal Shah 29 March 2013 28295 Views

Analysis of Benefit through Press Release on ECB with accounting treatment under Para 46 / 46A of AS 11 Press release for External Commercial Borrowings (ECB) is as below: External Commercial Borrowings (ECB): Repayment of Rupee loans A.P. (DI

Top 10, Myths about Income Tax Return Filing on 31st March, 2013 (Deadline)

Posted by F.S Dhiman 29 March 2013 57786 Views

Top 10 , Myths about Income Tax Return Filing on 31st March ,2013 (deadline) 1. The date is for return of this year ending 2013 No , infact only those assessee have to file return who have nil tax , or ready to pay tax with 1% inter

Real Estate Sector and Union Budget 2013

Posted by Sonu 29 March 2013 17954 Views

As there was lot of expectations from this budget, that budget might be investors or common men friendly. However in reality it does not seems like that. If we talk about real estate and union budget 2013, there was two sided impact on it. I.e. DIRE