CAclubindia Articles

Note on Forfeiture of Shares - Part I

Posted by Ajay Mishra 04 September 2013 65509 Views

Introduction To forfeit means to lose the right to, be deprived of; to lose or become liable to lose, as in consequence of fault or breach of promise or contract. It is a penalty for a breach of contrac

EJUSDEM GENERIS in taxation matters

Posted by RENGARAJ R.K 04 September 2013 21174 Views

PRINCIPLES OF EJUSDEM GENERIS- NOSCITUR A SOCIIS IN TAXATION LAWS Introduction: Ejusdem generis is a latin maxim which means that where there is a list of words in a statute followed by

Reimbursement of expenses part of taxable value: ST

Posted by Vishal 03 September 2013 31457 Views

In a normal course of service industry, a service provider charges an amount for providing the services along with service tax which is paid by the service receiver. Such service tax is calculated and paid according to the service tax provisions con

3CB/3CD E-Filing Utility - Turning into Harassment of the Professionals

Posted by CA Sudhir Halakhandi 02 September 2013 18109 Views

The xml utility of E-filing of Tax audit report is under process of continuous alterations, amendments, modifications and the last in this series of is introduced on 24th Aug 2013. Our first question is that why so many amendments, modification, a

Detailed insight on Companies Bill, 2013

Posted by CS DHANAPAL 02 September 2013 86434 Views

ORIGIN OF COMPANIES ACT IN INDIA The earliest piece of legislation in India relating to companies was the Act of 1857. The next came companies Act ,1866. After this the companies Act 1882 was enacte

Service Tax Liability on Cricketers

Posted by CA RITUL PATWA 02 September 2013 36364 Views

The central government has introduced the concept of Negative List w.e.f. 01-07-2012, under which all persons providing any SERVICE which is not covered under the Negative List (Sec. 66 D) or Mega Exemption Notification (Notification No. 25/2012 dat

Service Tax VCES, 2013: Issues of Tax Paid before VCES

Posted by CA RITUL PATWA 02 September 2013 13584 Views

ISSUE 1 : Assessee has paid 100% Tax before enactment of VCES, 2013 but failed to file the ST return. Query Whether the assesse can file a declaration under VCES, 2013 and get the benefit of immunity from Interest & Penalty? Our View :-

Refresher on Companies Bill 2013

Posted by CS DHANAPAL 31 August 2013 31587 Views

This year Independence Day celebrations began in advance! With the approval of Companies Bill by Rajya Sabha (the Upper house of Parliament), Corporate India has found its true independence. Indian Corporate Sector which was reeling under the age ol

The Bear Maulings

Posted by Juuhhii Agarwal 31 August 2013 6054 Views

Majority of stocks trade below 2008 valuation. says Analysts. Thus screamed the evening editions of Economic Times. All of this led me to hurriedly open the charts of prominent counters in 2008 and the first of them was Nifty Future ch

No TDS on Service Tax charged on Professional or Technical fees

Posted by Bimal Jain 30 August 2013 28784 Views

We are sharing with you an important judgement of the Honble Rajasthan High Court, in the case of Commissioner of Income Tax (TDS), Jaipur Vs. M/s. Rajasthan Urban Infrastructure [2013 (8) TMI 12 RAJASTHAN HIGH COURT] on following iss