CAclubindia Articles

S. 2(47)(v), 54EC- Transfer of Property - Date of agreement

Posted by Rupesh Srivastava 01 May 2013 27600 Views

Recently on 26th April 2013, ITAT bench held that under Transfer of Property Act twin conditions - It is not necessary that both conditions should be satisfied in one year but at the same time only upon satisfying the second condition also it would

Procedure of Private Limited Company Incorporation

Posted by CS MOHIT SALUJA 01 May 2013 112614 Views

PROCEDURE OF INCORPORATION OF A PRIVATE LIMITED COMPANY IN A SIMPLE WAY (IN LAYMAN LANGUAGE) Most of the times, a no. of Businessmen who want to incorporate the company, instead of taking the initial help/ consultancy of PROFESSIONALS, try to se

Cenvat credit on Construction can be used for ST on Renting

Posted by Bimal Jain 27 April 2013 33588 Views

Excise paid on Inputs and ST on Input services used in construction can be utilized for discharging ST liability on renting of immovable property The Honble Tribunal in the case of Oberoi Mall Ltd. Vs. Commissioner of Service Tax [2013-TIOL-

Company Secretary Course - Things To Know Before You Choose

Posted by Manjit Banga 26 April 2013 277299 Views

Students often get confused when it comes to selecting courses which they want to pursue and which will shape their future. Taking such a decision is not as easy as it sounds. You have to understand a lot of things before you choose a particular car

Recent amendments for Electoral trusts

Posted by Gaurav Jain 26 April 2013 17714 Views

Note on Electoral Trust With an object to reform the system of funding to political parties , the Finance Act (No. 2), 2009 introduced a set of provisions (Section 13B) for the electoral trust under the Income Tax Act, 1961 (the Act). Sectio

How to Deal with order U/S 263 of IT Act

Posted by Kkchhaparia 26 April 2013 111939 Views

1. Section 263 deals with the powers of the Commissioner to revise the orders pre-judicial to the interest of the Revenue. During recent times, this power is being utilised frequently, particularly with respect to assessment passed u/s 147 of I.

A Satirical Take on Life of a Big4 Article

Posted by Subbu 25 April 2013 31333 Views

I have learnt more about punctuation doing Call and Compare or CC as its lovingly called than I Have learnt in school. My suggestions are always valued.When I say I dont want to go to any outstation audit. I immediat

Do Not Quit

Posted by Ankit Aryal 25 April 2013 25576 Views

I feel real sad when people

Service Tax Return for the period July to Sept 2012

Posted by Seetharaman K C 25 April 2013 25367 Views

This refers to the Service Tax Return for the period 1st July 2012 to 30th September 2012 which I have filed for some of my clients the last date of filing of which is 30th April 2013. I found that none of the returns filed by me has been reflecte

One profit level indicator of a comparable

Posted by Rupesh Srivastava 25 April 2013 10476 Views

HC: Tribunal was wrong in holding that if one profit level indicator of a comparable Whether, in view of the first proviso to section 92C(2) of the Income-tax Act, 1961, the Tribunal was correct in holding that if one profit level indicator of a co