CAclubindia Articles

Income Tax Settlement Commission

Posted by TKKKKKK 07 June 2013 46542 Views

Tax Settlement Commission, a quasi judicial body, was set up under section 245B of Income-tax Act 1961. It has been set up as a result of recommendations made by Direct Taxes Enquiry Committee (Popularly known as W

TDS Certificates

Posted by CA. Brijesh Baranwal 05 June 2013 56460 Views

Friends, Once again the season of filing income tax returns has come. Government has notified almost all Income Tax Return (ITR) Forms barring a few, which may be notified in next few days. TDS certificate is one of the most require

TDS on Immovable Property

Posted by Bimal Jain 04 June 2013 46158 Views

The Finance Bill 2013 had proposed to introduce Section 194IA to the Income Tax Act, 1961 (the ITA) which provided that the purchaser of an immovable property worth over Rs. 50 lakhs (other than agricultural land) is required to deduct

TDS/TCS Rates Chart for A Y 2014-15

Posted by CA Pardeep Chanana 04 June 2013 126918 Views

TDS Rate Chart for A Y 2014-15 on Payments other than Salary and Wages Section No. Nature of Payment Threshold Total Payment During the Year Payment to Individual or H

Haryana VAT Circular - For Builders and Developers

Posted by CA Ankit Gulgulia (Jain) 04 June 2013 36352 Views

Recently Haryana VAT department has released a circular which might be of interest to the developers & builders across the state and conducting operations in Haryana. The Circular is No. 152/ST-1 dated 7th May, 2013 wherein several aspects in re

Tax Residency Certificate

Posted by Deepak Agrawal 01 June 2013 286425 Views

Significance of Tax Residency Certificate (TRC) for claiming benefit provided under DTAA: Section 90 of the Income Tax Act empowers the Central Government to enter into an agreement with the Government of any foreign country or specified territory

Some Tips about exam preparation

Posted by CA Prashant Gupta 01 June 2013 24571 Views

When you sit down to study, first Question is raised in your mind how can you transfer that massive amount of information from the books and notes to your mind so that whenever you need you can recall all? It is not like file transfer on computer; y

RULE 3 (5B) of the CCR - Write-off or 'Provision to write-off' versus Cenvat Reversals, Analysis

Posted by Manoj Pala 31 May 2013 43906 Views

RULE 3 (5B) of the CCR - Write-off or provision to write-off versus CENVAT Reversals, Analysis We refer to Sub-rule (5B) of Rule 3 of the CCR states that if the value of any: (i) input, or (ii) capital goods before being put

Civil Services - My Cup of Tea - Part-1

Posted by Gaurav Arya 30 May 2013 52727 Views

When the result of Civil Services 2012 was declared it brought a huge smile on the face of the whole CA community reason being a Chartered Accountant coming up with flying colours in that examination. The 3rd rank holder of CA Examination 20

No Forfeiture Proceedings under CST Act, 1956

Posted by Vasanth Kumar J K 30 May 2013 19037 Views

STATEOF A.P Vs HINDUSTAN CABLES LTD [2013] 57 VST 284 (AP) Fats of the case: Assessee M/s. Hindustan Cables Limited, Cherlapally, was assessed to tax under Central Sales Tax Act, 1956. The Assessing A