CAclubindia Articles

Capital gain exemption by virtue of article 13(4)

Posted by Rupesh Srivastava 09 April 2013 11575 Views

Recently ITAT bench held that, Article 13(1) cannot be made applicable to the transfer of shares as assessee has not sold the immovable property or any rights directly attached to the immovable property. Assessee is a company incorporated under th

Legal Decisions VS departmental circular - Central Excise

Posted by Harsha 08 April 2013 14260 Views

Legal Decisions Vs Departmental Circular in Central Excise CA Sriharsha KM In the Indirect Tax Bracket net, there would be plethora of case laws passed by various Tribunals, High Courts and Supreme Court. Further, the CBEC also clarifies the is

Practical aspects of financial closure for a Project (Part-1)

Posted by CMA Ramesh Krishnan 08 April 2013 28842 Views

Practical aspects of financial closure for a Project (Part-1) Project Financing Module: In the Finance field Project financing is playing great role. Under various financing options for various businesses and industries, Project finance is diff

Role of Chartered Accountant - Going Forward

Posted by Madhukar N Hiregange 06 April 2013 48951 Views

Role of Chartered Accountant Going Forward - 2013 [Collation of some thought] Madhukar N Hiregange FCA Background In the early days businesses were small and managed by the involved person. The owner, financier, operator, seller, pur

AGM can be held on Sunday

Posted by CA Nitesh Kumar More 06 April 2013 85776 Views

Vide letter No. 8/5(1669/65-PR dated 21-1-1963, AGM can be held on Sunday in certain cases: CA Nitesh More AGM CAN BE HELD ON SUNDAY PREPARED BY CA NITESH MORE: 9883157484 CASE 1: YES, ADJOURNED AGM CAN BE HELD ON SUNDAY. CASE 2: YES, AG

A random correlation

Posted by Lekshmi 05 April 2013 8140 Views

We all love to read stories or hear stories, sometimes like to cook up stories! Neil Gaiman once said that Stories you read when you're the right age never quite leave you. You may forget who wrote them or what the story was called. Som

Some basics about Service Tax

Posted by CA Abhishek 05 April 2013 51884 Views

Some basics about Service Tax Q. What is meant by Service? Ans. ‘Service’ has been defined in clause (44) of Section 65B and means – Any activity For consideration Carried out by a person for another And inc

Death of FDI Investments

Posted by Indraneel Sen Gupta 04 April 2013 9700 Views

The investment climate has dried up in many parts of the global economy. The slowdown in the European economy has placed brakes of long term on the investments capital. Chinese economy is placing more cautious steps to control the flow of investment

CBEC should withdraw draconian circular-Recovery proceedings

Posted by Bimal Jain 04 April 2013 9259 Views

CBEC should withdraw draconian circular - Recovery proceedings during pendency of stay application The Central Board of Excise and Customs (the CBEC or the Board) has issued its first Central Excise Circular No. 967/01/20

A major step by Finance Minister

Posted by @*CS Siddharth Bumb. * 04 April 2013 10085 Views

A MAJOR STEP BY FINANCE MINISTER AFTER BUDGET 2013 * Indian Finance Minister Mr P Chidambaram has taken a big step towards assessee in deafaults as soon as budget came out. * After Budget, revenue department used to send show cause notices to