CAclubindia Articles

Recent MVAT Amendments / Changes

Posted by CA CS Pawan Jajoo 17 June 2013 24125 Views

The Schedules A,B,C,D appended to Maharashtra Value Added Tax Act, 2002 are amended with effect from 01-04-2013. Further , certain notifications are also amended. These amendments are briefly discussed below Amendments to Schedule A 1 Braille Watch

Hedging Loss on FC Forward Contract not Speculation Loss

Posted by Ajay Agrawal 17 June 2013 15161 Views

TAX FLASH: CIT v Friends And Friends Shipping Pvt Ltd. - Gujarat High Court S. 43(5): Loss on foreign currency forward contracts by a manufacturer/ exporter is a hedging loss and not a speculation loss FACTS OF T

Highlights of Companies Bill,2011

Posted by Rajat Poddar 17 June 2013 10382 Views

The Bill has 470 clauses and 7 schedules as against 658 Sections and 15 schedules in the existing Companies Act, 1956. The entire bill has been divided into 29 chapters. Following chapters have been introduce

Company Secretary & Chartered Accountant - The Difference!

Posted by Manjit Banga 13 June 2013 138903 Views

For all those who are still confused about the difference between a company secretary and a chartered accountant: this article would help you in understanding the difference. Many people often get puzzled when they hear about these two terms. Well,

Best Practices - Reply to SCN

Posted by Madhukar N Hiregange 13 June 2013 18807 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 126201 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 153069 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 27151 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 27142 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 39196 Views

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