CAclubindia Articles

West Bengal Entry Tax Act as Unconstitutional

Posted by Ritesh Kumar Agarwal 09 July 2013 28582 Views

Background The State of West Bengal, with effect from 01 April 2012, had introduced an Entry Tax on entry of specified goods into the state of West Bengal for sale, use or consumption into the state. In November 2012, the levy was chal

5 Things You Must Know About Tax Audit

Posted by CA. Brijesh Baranwal 09 July 2013 30231 Views

1. As per the provisions of section 44AB of the Income Tax Act, 1961, every person carrying a business whose turnover exceeds Rs. 1 Crore or carrying a profession whose receipts exceeds Rs. 25 Lacs in the finan

Issuing C form is statutory obligation of buyer, can be enforced by a writ petition in the High Court

Posted by Amit Bajaj 09 July 2013 12918 Views

Many a times I receive queries on a common problem faced by many dealers all over India that what to do when the interstate purchaser of goods refuses or doesnot issue the requisite C forms after purchasing the goods at concessional rate of CST @ 2%

FDI - Pros & Cons

Posted by rishu 09 July 2013 23149 Views

In recent times there has been a lot of debates and opposition with respect to the Indian govt. policies for bringing FDI in Multi-Brand Retail. Everyone of us knows that single brand retail FDI had already been permitted by the

Restructuring of CA Profession - Part II

Posted by CA SURENDRA KUMAR RAKHECHA 08 July 2013 14205 Views

During CPE hours learning; members are supposed to have contents of the topics likely to be covered beforehand rather than to supply it on spot and/or after the lecture. Since the accounting profession is expanding like galaxies in the universe;

Service Tax on AC Bar Restaurants & Hotels is Unconstitutional

Posted by Bimal Jain 08 July 2013 23522 Views

Service Tax on AC Bar Restaurants & Hotels is Unconstitutional Kerala HC The Honble Kerala High Court has held that the levy of Service Tax on AC Bar Restaurants and Hotels providing short term accommodation as Unconstitutional a

Section 44 AD of Income Tax Act

Posted by sanjay singhal 08 July 2013 505098 Views

Special provision for computing profits and gains of business on presumptive basis For Assessment Year 2013-14. Section 44AD (1) of the Income tax act 1961 read as under (1) Notwithstanding anything to the contrary contained in sectio

How to Save tax on Salary and increase the home take salary?

Posted by CA Vinay parmar 08 July 2013 204185 Views

Hello everyone we all face the common situation as to how to plan for the salary every year and how to reduce tax on it and increase our home take salary. Well the people from the Acco

Comprehensive Procedure for E-Filing of Tax Audit Report

Posted by CA Sudhir Halakhandi 08 July 2013 120131 Views

Registration of CA Go to incometaxindiaefiling.gov.in and click on REGISTER YOURSELF and select the option Tax professional Chartered Accountant. The Registration Form will require your Membership Number, enrolmen

Accounting Standards - A summarized application

Posted by Shivam Gupta 06 July 2013 81105 Views

Framework of Accounting Standard: At the outset, with the changing scenario, there has arisen a great complexity in understanding the applicability of accounting standards apart from understanding the text of accounting standards. Thus, it has b