CAclubindia Articles

Best Practices - Reply to SCN

Posted by Madhukar N Hiregange 13 June 2013 18805 Views

The service tax law has resulted in a large number of disputes [ more than 1 lakhs + pending as on date] mainly due to the fact that the law is changing frequently and drafting has been seen to have many loose ends. The trigger happy attitude of so

Detailed analysis of new TDS Section 194IA

Posted by Manoj BG 12 June 2013 126200 Views

w.e.f 01/06/2013, new TDS section brought into effect for deduction of tax while making payment for purchase of immovable property other than agricultural land in rural area in India- Following are the conditions and operational mechanism- (1) T

A few aspects of applicability of Tax audit

Posted by CA CMA CS Ram Pavan Kumar Melam 12 June 2013 153068 Views

The voluntary tax compliance by the taxpayers considerably widened after the insertion of tax audit under section 44AB in the Income-tax Act, 1961 by the Finance Act, 1984. An important revision to Tax Aud

Cenvat Credit on services of commission agents

Posted by Pradeep Jain 12 June 2013 27150 Views

CENVAT CREDIT ON SERVICES OF COMMISSION AGENTS: A COMMON ISSUE WITH CONTRARY DECISIONS Introduction: Cenvat Credit has been a highly sensitive issue since its inception. The assessees always attempt to avail credit of every possibl

Journey of my CA life

Posted by Vikash Maheshwari 12 June 2013 27139 Views

Writing about ones journey of life is never easy. You dont know where to begin and where to end. Life is full of precious moments and its a daunting task to recollect all the memories and express in words. Never though I attempt

Place of Provision of Service - Including Issues

Posted by Madhukar N Hiregange 11 June 2013 39195 Views

Introduction Under earlier method of taxation (positive list based) the services which were provided in India were taxable, without any distinction of f

Lessons of life - hard work

Posted by kartik 10 June 2013 16122 Views

Lately, after exams, its been a time for reflection and self introspection. Though I do this often, it never really gets repetitive. The novelty doesnt wear off in as much as I get to learn something new each time I do it. The bone of

Financial Planning for Beginners

Posted by Prof. Bajaj 10 June 2013 13298 Views

June is the month, when many campus recruits start with their first job. Sameer Dahane was one of them. While he was excited of a new role, he was equally eager to get his salary so that he can splurge it. On a casual tea-time discussion with Kapil,

Transfer pricing precautions; Taxpayers need to take despite recent ITAT ruling

Posted by Rupesh Srivastava 10 June 2013 9975 Views

In an recent ITAT ruling reported in (2013) TaxCorp (TP) 5176 (ITAT), the ITAT said Transfer pricing rules do not apply in these circumstances (i) to an investm...

Need and importance of property Registration

Posted by CA CMA CS Ram Pavan Kumar Melam 10 June 2013 19218 Views

The system of registration of documents was in vogue in British India first in Bengal in 1793, thereafter in Bombay and in Madras in 1802. These regulations were applicable both in Presidency Towns as wel