CAclubindia Articles

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

Posted by Krunal.J.Davda 29 March 2013 80920 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

Spread Your Wings in Arena of Corporate Governance!

Posted by CS Shilpi Thapar 29 March 2013 12768 Views

Introduction With ever-increasing importance of Corporate Governance practice in light of global financial crisis, Board of Directors is under tremendous pressure to quickly redesign their business structure and framework and adopt the new busines

Revised Schedule VI

Posted by Kamal Garg 26 March 2013 64082 Views

Introduction Old Schedule VI had outlived its utility; Revised Schedule VI effective from 1st April, 2011; Being a statutory format its early adoption is not permitted; Revised Schedule VI has

Understanding Taxation of Salary with latest Case Laws

Posted by Manish Kumar Agarwal 26 March 2013 38555 Views

UNDERSTANDING TAXATION OF SALARY WITH LATEST CASE LAWS: The common people who earns his livehood by the way of employment requires to pay

More than Just Auditing

Posted by Tejas 26 March 2013 13836 Views

What things make difference between normal auditor and valuable auditor? More particularly I am focusing on article called as More than Just Auditing because we are leaving in a country which is emerging as a developed country by lat