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Section 44 AD of Income Tax Act
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
Service Tax on AC Bar Restaurants & Hotels is Unconstitutional
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
Analysis on Compounding of offence with case study
INTRODUCTION: This article deals with the critical analysis of the recent decision of the Hon High court of kerala in Tomy Eapen v state of kerala reported in (2013) 21 KTR 215 (Ker). I
Deposits under Companies Bill 2012
ACCPETANCE OF DEPOSITS BY COMPANIES - COMPANIES BILL 2012 Introduction: One of the major areas in which Companies Bill 2012 changes made are on Deposits. Before going into the provisions in the Bill, let us look into the
Accounting Standards - A summarized application
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
Procedures to upload ITR and 3CB/3CD
Procedure to upload ITR and Form 3CB/3CD Based on Personal Experience 1) Firstly CHARTERED ACCOUNTANT has to register on Income Tax Site:- a) Steps to Register:-
Exemption from Service Tax to SEZ's
CBEC on July 01, 2013 issued notification no. 12/2013 granting exemption from service tax to units located in SEZ or developers of SEZ for the services used in their authorized
Summary on Transfer Pricing
Summary on Transfer Pricing 1) Introduction :- Transfer pricing was introduced basically to curb the tax evasion practices followed by many Multinational Groups having presence in India. These Multinational Groups normally transfer their taxable pr
Issues in Real Estate under Service Tax and VAT
In growing economies like India, infrastructure and real estate industry plays a major role in the development of a nation. It acts as a foundation based upon which growth of the nation depends. Economies can sustain
The Levy of Service Tax on Restaurants & Hotels Unconstitutional - High Court, Kerala
Introduction: The Kerala High Court on 03.07.2013 declared as "unconstitutional" the imposition
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