CAclubindia Articles

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 505100 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 120133 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

Deposits under Companies Bill 2012

Posted by cs A Rengarajan 06 July 2013 15723 Views

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

The Levy of Service Tax on Restaurants & Hotels Unconstitutional - High Court, Kerala

Posted by RENGARAJ R.K 05 July 2013 53146 Views

Introduction: The Kerala High Court on 03.07.2013 declared as "unconstitutional" the imposition

Summary on Transfer Pricing

Posted by CA Vinay parmar 05 July 2013 102215 Views

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

Posted by Swati rathi 05 July 2013 46332 Views

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

Exemption from Service Tax to SEZ's

Posted by CA Prateek Marlecha 05 July 2013 93996 Views

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