CAclubindia Articles

Union Budget 2013 - Changes

Posted by Manoj Pala 02 March 2013 17283 Views

The Honble Finance Minister Mr.P.Chidambaram has presented Union Budget 2013 in both the houses of Parliament on 28th February, 2013 at 11 Hrs sharp. There is no change in the rate of duties and accordingly the rates of Excise T

Service tax analysis of Budget 2013

Posted by Member (Account Deleted) 02 March 2013 32454 Views

SERVICE TAX ANALYSIS 1. HEADING-Scope of Negative List Widened SECTION- 65B (11) OF FINANCE ACT, 1994 MEMORANDUM EXPLAINING THE FINANCE BILL Definition of 'approved vocational education course' provided in section 65B (11) is bein

India's growth story?

Posted by Durga Rao 02 March 2013 8419 Views

In the recent past, there is much talk among the business people, media and also society about Indias growth story, consequences of slow-growth rate, ways to improve the growth and taking the growth rates again to more than 8%. Growth can c

Direct Tax Budget - Highlights

Posted by Member (Account Deleted) 02 March 2013 15996 Views

Direct Tax Highlights 1. Tax Rate Comparison A) Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person No change in the rates of income tax applicable to individual, Hin

Budget 2013 - Highlights - Service Tax

Posted by Madhukar N Hiregange 02 March 2013 19240 Views

Finance Bill, 2013 has been submitted to Parliament by the Union Finance Minister, Mr.

Sec 80EE - Should you rush to buy a house?

Posted by CA Suraj Lakhotia 02 March 2013 21205 Views

Increasing savings and their optimal allocation for productive uses lead to higher economic growth. The household sector must be incentivised to save in financial instruments rather than buy gold. Excerpt from Budget Speech

Service Tax Amnesty Scheme?

Posted by Madhukar N Hiregange 01 March 2013 46337 Views

VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013 (VCES) Background of the Scheme Service tax is a new emerging law and there has been lack of clarity on the applicability o

Budget 2013- Garment Industry

Posted by Madhukar N Hiregange 01 March 2013 8031 Views

Budget 2013 Impact on Garments Industry The Garment industry has suffered a lot in the in the last one year due various factors, such as increase in the cost of power, labor, transpor

Income Tax Amendment Highlights: Major Amendments

Posted by JITENDRA 01 March 2013 31295 Views

Taxability of immovable property received for inadequate consideration: It is proposed to amend the provisions of clause (vii) of sub-section (2) of section 56 so as to provide that where any immovable property is received for a considerati

Snapshots - Budget 2013

Posted by CA. Bikash Bogi 01 March 2013 7268 Views

HIGHLIGHTS OF BUDGET 2013 This Snapshot is prepared solely on the basis of Budget Speech of Honble Finance Minister. A. DIRECT TAXES INDIVIDUAL / FIRMS a. No change in income tax slabs. b. Tax credit of Rs. 2,000/- for income upt