CAclubindia Articles
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
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
Tax Clarifications For Your Multiple House Property Investments
If you are wondering how many residential properties you can own? Well, legally speaking, there are no restrictions on owning more than one house property. Today, owning multiple house properties is fast catching up with the urban population and thu
Merilyn Shipping's case analysis with Cal-HC decision
CIT -vs.- Crescent Export Syndicate (ITAT 20 of 2013) (Cal-HC) Brief Facts: The assessee incurred expenditure during the year on which TDS have not been deducted. The AO disallowed the expenditure u/s 40(a)(ia). On appeal, the Tribunal relied on
Appointment of Cost Auditor
Appointment of Cost Auditor The procedure has been modified by the Cost Audit Branch of the Ministry of Corporate Affairs vide General Circular No. 15/2011 dated 11th April 2011. Difference between new and old procedures of Appointment of Cost
Internal Audit-Role of Management and Internal Auditor
Internal Audit Role of Management and Internal Auditor in its successful and effective execution WHAT IS INTERNAL AUDIT? Internal Audit as the name implies is an audit which is got carried out by the internal management. Generally internal audit is
Authority for advance ruling under State VAT Act cannot give clarifications under CST Act
Andhra Pradesh High court in Prathista Industries Limited vs Commercial tax Officer [2013] 61 VST 58 (AP) has held that Authority for advance ruling under State VAT Act cannot act as Authority for Advance Ruling under Central sales Tax Act, 1956.
Note on changes in companies (Acceptance of Deposits) Rules, 1975
NOTE ON CHANGES IN COMPANIES (ACCEPTANCE OF DEPOSITS) RULES, 1975 In March 21, 2013, Ministry of Corporate Affairs (MCA) has made amendments in provision of Rule 2 of the Companies (Acceptance of Deposits) Rules, 1975, by way of Notifications. T
All about HUF its creation and tax benefit
A HUF is a separate entity for taxation under the provisions of S.2 (31) of the Income Tax Act, 1961. This is in addition to an individual as a separate taxable entity. This indicates that a person may be assessed in two different capacities- as an
Restructuring of CA Profession - Part I
ACCORDING TO THE DEMAND OF THE TIME AND THE CHANGED SCENARIO; THE CHARTERED ACCOUNTANCY EDUCATION AND TRAINING REQUIRE TOTAL RESTRUCTURING: A. Education: 1. The study materials should include case studies to create interest in the relevant sub
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