CAclubindia Articles

Requirement of PAN by Non-Residents & Tax Consequences

Posted by Deepak Agrawal 01 April 2013 62685 Views

NOTE ON REQUIREMENT OF PAN BY NON-RESIDENTS IN INDIA AND TAX CONSEQUENCES: The analysis of the requirement of PAN is made on the basis of following cases: I. Non resident is exempt from tax in India: II. Non resident is liable to ta

Service tax implication on AC Restaurants-Finance Bill, 2013

Posted by Bimal Jain 01 April 2013 48265 Views

With effect from July 1, 2012, Service is defined under Section 65B(44) of Chapter V of the Finance Act, 1994 (the Finance Act) means any activity carried out by a

Professional Career Options After 10+2

Posted by Manjit Banga 29 March 2013 21189 Views

After 10+2, the most important question in the minds of students is what field to choose after which they will have a successful career. Of course, many students start thinking about it way early, but the majority of them get ample time to think abo

The Stepping Stone to Success

Posted by Roohani Deshpande 29 March 2013 11191 Views

In this failure-hating world, the idea of not being successful can be terrifying. After all, failure brings shame, disgrace and negativity it is to be avoided at all costs. A funny thing about life is that when you really fear something, i

Disallowance by I.T. Dept. w.r.t. VAT Hawala Purchase Info

Posted by Krunal.J.Davda 29 March 2013 80919 Views

Date - 23/03/2013 IS IT FAIR TO DISALLOW PURCHASES BY THE I. T. DEPARTMENT , JUST ON THE BASIS OF HAWALA INFORMATION RECEIVED FROM THE SALES TAX DEPARTMENT ? Recently the Income Tax Department is sending Show Cause Notices to many Assessee&rsq

Real Estate Sector and Union Budget 2013

Posted by Sonu 29 March 2013 17982 Views

As there was lot of expectations from this budget, that budget might be investors or common men friendly. However in reality it does not seems like that. If we talk about real estate and union budget 2013, there was two sided impact on it. I.e. DIRE

Top 10, Myths about Income Tax Return Filing on 31st March, 2013 (Deadline)

Posted by F.S Dhiman 29 March 2013 57824 Views

Top 10 , Myths about Income Tax Return Filing on 31st March ,2013 (deadline) 1. The date is for return of this year ending 2013 No , infact only those assessee have to file return who have nil tax , or ready to pay tax with 1% inter

Analysis of Benefit through Press Release on ECB with accounting treatment under Para 46 / 46A of AS 11

Posted by Nirmal Shah 29 March 2013 28333 Views

Analysis of Benefit through Press Release on ECB with accounting treatment under Para 46 / 46A of AS 11 Press release for External Commercial Borrowings (ECB) is as below: External Commercial Borrowings (ECB): Repayment of Rupee loans A.P. (DI

Duty increase in Compound Levy

Posted by Pradeep Jain 29 March 2013 12500 Views

Patta Patti manufacturers: Tempted to opt Cenvat Scheme Introduction: Compounded levy scheme was introduced in the Central Excise Law with the duty of Rs. 10000/- per machine per month in the year 1994. The scheme was simple with reasonable

Service Tax Return (ST-3) for July-Sep, 2012 now available

Posted by Bimal Jain 29 March 2013 42428 Views

Service Tax Return (ST-3) for July-September, 2012 now available in modified format for e-filing on ACES. Service Tax Return (ST-3) is now available in a modified format for e-filing on ACES website for the quarter July to September 2012, which req