CAclubindia Articles
CBDT rescinds Transfer pricing circular
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
Landmark ruling on Section 271(1)(c) by Karnataka High court
(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
West Bengal Entry Tax Act as Unconstitutional
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
5 Things You Must Know About Tax Audit
1. As per the provisions of section 44AB of the Income Tax Act, 1961, every person carrying a business whose turnover exceeds Rs. 1 Crore or carrying a profession whose receipts exceeds Rs. 25 Lacs in the finan
Issuing C form is statutory obligation of buyer, can be enforced by a writ petition in the High Court
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%
FDI - Pros & Cons
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
Restructuring of CA Profession - Part II
During CPE hours learning; members are supposed to have contents of the topics likely to be covered beforehand rather than to supply it on spot and/or after the lecture. Since the accounting profession is expanding like galaxies in the universe;
Service Tax on AC Bar Restaurants & Hotels is Unconstitutional
Service Tax on AC Bar Restaurants & Hotels is Unconstitutional Kerala HC The Honble Kerala High Court has held that the levy of Service Tax on AC Bar Restaurants and Hotels providing short term accommodation as Unconstitutional a
Section 44 AD of Income Tax Act
Special provision for computing profits and gains of business on presumptive basis For Assessment Year 2013-14. Section 44AD (1) of the Income tax act 1961 read as under (1) Notwithstanding anything to the contrary contained in sectio
How to Save tax on Salary and increase the home take salary?
Hello everyone we all face the common situation as to how to plan for the salary every year and how to reduce tax on it and increase our home take salary. Well the people from the Acco
Popular Articles
- SBI Savings Account Interest Rate For September 2026: Know How Much You Can Earn?
- Income Tax Refund Delay Reasons for AY 2026-27
- Life Certificate for Pensioners 2026: Eligibility, Benefits and Check Who Can Submit?
- Cheque Book New Rules 2026: Check If Your Old One Is Still Valid?
- SBI Savings Account New Rule: Major Update in ATM Withdrawals From October 2026
- Tax Audit Rules 2026: New Changes, Limits, Forms and Due Dates Explained
- TDS on Purchase of Goods Above Rs 50 Lakh: Rules Under Income Tax Act 2025
- New Bank Rules 2026: Changes in Nominee, FD, KYC, Fraud and Loan Process
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
