CAclubindia Articles

Waiver of Interest and Penalty under Amnesty Scheme

Posted by Vishal 16 April 2013 44317 Views

Service tax has always been regarded as a tax of the future and is emerging as one of the major source of revenue for the Government. At the same time, the service tax law has been regarded as most complicated law and generated huge litigation.

Loss on Reduction of share capital is allowable

Posted by Saurabh Maheshwari 12 April 2013 21437 Views

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI SPECIAL BENCH B MUMBAI Date of Hearing: 16-08-2011 Date of Pronouncement: 30-09-2011 Bennett Coleman & Co. Ltd., Times of India Bldg., Dr. D. N. Road,

Tips for Exam Preparation

Posted by S Venkatesan FCA, CS, Grad.CWA 11 April 2013 27110 Views

TIPS FOR STUDENTS TAKING EXAM: DOs and DONTs: BEFORE EXAM:

Service Tax Refunds - Exporters - Status Check

Posted by Madhukar N Hiregange 11 April 2013 30434 Views

Refund of Cenvat Credit Service Exporters Background The service exporters have been enabled to get the cenvat credit on capital goods, inputs and input services incurred in providing the servic

Buy Back of Shares: Bye Bye Mauritius

Posted by CA. Bikash Bogi 11 April 2013 16627 Views

Mauritius is always a favourite among tourists across the world. However, Mauritius is also famous among worldwide investors for their tax friendly environment. As per an estimate 40% of portfolio inflows in India are coming from Mauritius. Like M

Infrastructure Financing

Posted by Dr. Anand Wadadekar 11 April 2013 16203 Views

At INFRASTRUCTURE FINANCING NEED OF MORE EFFECTIVE WAYS ABSTRACT Infrastructure sector in India has not been able to perform to its full capacity, majorly due to the Government red tapes, lack of funds and very long gestation perio

Individual value of Companies with cross holdings

Posted by Srikanthan 11 April 2013 32971 Views

Arriving at the individual values of listed Companies with cross holdings Instances of crossholdings, that is Company A holding shares in Company B and Company B holding shares in Company A are few and have by and large been reduced. There are how

VAT & Service Tax (Civil Works Contract)

Posted by Pushpanjali Raina 10 April 2013 145936 Views

DVATRule 3 of DVAT rules deals with Works Contract .Section 2 of DVAT Act explains that a "works contract" includes any agreement for carrying out for cash or for deferred payment or for valuable consideration, the building construction, manufacture,

No Service Tax Leviable on the issuance of Draft Invoices

Posted by Vishal 10 April 2013 13423 Views

With the Introduction of Point of Taxation Rules (herein referred as POT Rules), 2011, the government has primarily shifted the policy of collection of service tax on the realization of value of taxable services to the point when the service is de

Market Capitalisation Vs Enterprise value

Posted by Srikanthan 10 April 2013 11497 Views

Market Capitalisation Vs Enterprise value Typically when people discuss about stocks and shares, few key parameters discussed are Price earnings and Market Capitalisation. Market capitalization in simple terms is the cost of buying all the share