CAclubindia Articles

A guide to interaction with Tax departments

Posted by Madhukar N Hiregange 11 July 2013 16890 Views

Introduction: Though the law and procedures under both service tax and central excise are made user friendly, assessee are still finding difficulties in interaction with the department officials. This may be because of lack of awareness of related

Working Capital: Concepts & Its Management Part-2

Posted by Member (Account Deleted) 10 September 2019 21602 Views

Now our second Question comes into picture which is How to finance the Working Capital For this it is important for us to know that there are further two categories of Working Capital on the basis of Time 1. Perma

Landmark ruling on Section 271(1)(c) by Karnataka High court

Posted by Rupesh Srivastava 10 July 2013 27854 Views

(2013) TaxCorp(LJ) 1412 (HC-KARNATKATA) S. 271(1)(c) - Merely because the assessee accepted addition or deletion and did not challenge the assessment order by way of appeal, it cannot be concluded that such addition or deletion amounts to concealmen

CBDT rescinds Transfer pricing circular

Posted by Rahul Chilal 10 July 2013 10363 Views

History: CBDT had issued 2 circulars on 26th March 2013 relating to the selection of transfer pricing method to be adopted by Tax authorities for determination of Arms Length Price in case of research & Development units of MNCs lo

Rent and Building Value

Posted by Mohammed Ibrahim 10 July 2013 25017 Views

If a property produces a net income of INR 3,00,000 per annum and a purchaser desires 5 percent return on his capital, he will pay INR 3,00,000 x 100/5 = 60,00,000/- maximum for that property. 100/5 = 20 is a multiplier. The

A financial check list before you buy your Dream Home

Posted by Ramalingam K 10 July 2013 14082 Views

The HOME, DREAM HOME is a sentimental objective of every individual those started their carrier in the recent past. It gives the immense pleasure of significant achievement in their life time. Hence everyone is diverting their sizeab

West Bengal Entry Tax Act as Unconstitutional

Posted by Ritesh Kumar Agarwal 09 July 2013 28587 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

FDI - Pros & Cons

Posted by rishu 09 July 2013 23185 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

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 12948 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%

Working Capital: Concepts & Its Management

Posted by Member (Account Deleted) 05 August 2016 41331 Views

Working Capital Management When we hear about �Working Capital� the first question that comes into our mind is what is �Working Capital� and How to manage it? So friends lets understand all the concepts related to Working