CAclubindia Articles

Exemption from Service Tax to SEZ's

Posted by CA Prateek Marlecha 05 July 2013 94038 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

Summary on Transfer Pricing

Posted by CA Vinay parmar 05 July 2013 102255 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 46355 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

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

Posted by RENGARAJ R.K 05 July 2013 53197 Views

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

Tax Clarifications For Your Multiple House Property Investments

Posted by Chenoy Ceil 04 July 2013 48854 Views

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

Internal Audit-Role of Management and Internal Auditor

Posted by Ca Jai Prakash Agarwal 04 July 2013 33987 Views

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

Appointment of Cost Auditor

Posted by Vatsal Bhandari 04 July 2013 54170 Views

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

Merilyn Shipping's case analysis with Cal-HC decision

Posted by CA Aman Gupta 04 July 2013 12097 Views

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

All about HUF its creation and tax benefit

Posted by CA Vinay parmar 03 July 2013 130133 Views

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

Note on changes in companies (Acceptance of Deposits) Rules, 1975

Posted by Ajay Mishra 03 July 2013 23087 Views

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