CAclubindia Articles

Counting instances of Duplicate Invoice Nos. in Excel

Posted by CA Rishabh Pugalia (ExcelNext) 23 April 2013 27118 Views

CASE STUDY: Counting instances of Duplicate Invoice Nos. APPLICATION AREAS: Vendor Payment, Account Credits SOLUTION: =COUNTIFS() EXAMPLE: Step 1: Write =COUNTIFS( Step 2: Choose range of list. E.g. A4:A13 Step 3: Press a

Increasing rate of MAT, Reducing the MAT Credit

Posted by Deepak Agrawal 23 April 2013 72233 Views

In the Finance Bill, 2000, the government introduced the new provision u/s. 115JB: The extract of the same from the memorandum to finance bill was as under: The new provisions provide t

Installation of tank for Storage of Inputs outside Factory

Posted by Bimal Jain 23 April 2013 9224 Views

Services for installation of storage tank for storage of inputs outside factory are input services Important judgement of Honble Mumbai High Court in the case of M/s Deepak Fertilizers and Petrochemicals Corpn. Ltd. Versus Commissioner of Cen

Section 145A of the Income Tax Act

Posted by Manoj Pala 23 April 2013 385242 Views

Section 145A shall be substituted for the existing section 145A by the Finance (No. 2) Act, 2009, w.e.f. 1-4-2010: Method of accounting in certain cases. 145A. Notwithstanding anything to the contrary contained in section 145, (a) the

Can we buy gold now?

Posted by CA AP PRAKASAN 23 April 2013 16872 Views

CAN WE BUY GOLD NOW? INTERNATIONAL SCENARIO Let us analyse the both International and National scenario to identify the trend of the gold. Look at the international price of gold as on 19th April 2013, the gold closed at $ 1400.65 per oun

Prerequisites for drafting an effective Stay Application

Posted by ANIL KUMAR BEZAWADA 22 April 2013 12353 Views

As per Section 35F of Central Excise Act, 1944 if the assessee is aggrieved by decision of the Commissioner (Appeals) or by the Commissioner, he can file an appeal against such order befor

Provision for Inventory

Posted by kartik_somu 22 April 2013 43662 Views

Write down and do not write off Inventory Review of the Rule 3(5B) of Cenvat Credit Rules, 2004 Change of models, customer requirements, change of processes, poor inventory management can increase a businesss o

No third time cess payable on DTA clearances from EOU to DTA

Posted by Bimal Jain 22 April 2013 21324 Views

No third time cess payable on DTA clearances from EOU to DTA The Larger Bench of the Honble Tribunal has held that no third time cess is payable on clearance from an Export Oriented Unit (EOU) to the Domestic Tariff Area Unit (

Merger and Acquisitions- Strategic Considerations

Posted by CS Shilpi Thapar 22 April 2013 15771 Views

A Quote from Mr. Dhirubhai Ambani: Dream & Dare. Let no one demoralize you. Do not allow any one to deter you .Pursue you goal , even in the face of difficulties. Convert Difficulties into opportunities. Keep your mo

Sec. 54F:Judicial Analysis-Investment in more than one units

Posted by Deepak Agrawal 22 April 2013 34227 Views

Judicial Position on Exemption u/s. 54F where investment is made in more than one Residential House Property units/adjacent flats/more than one unit on different floors: 1. Section 54F is reproduced as under: Section 54F provides that-