CAclubindia Articles
Transfer Pricing - Specified Domestic Transaction
Transfer pricing until now was applicable to companies having cross border transactions with their ASSOCIATED ENTERPRISE. However, Finance Bill 2012, honoring the supreme court ruling in case of CIT vs. M/S Glaxo Smithkline Asia (P) Ltd. (Special
Tax Saving Tips
For most of the people tax savings brings to mind life insurance, PPF, NSC, and equity-linked savings scheme, among others, that qualify for tax deduction under Section 80 C of the Income-Tax Act. An individual can claim tax deduct
Additional services exempted under Service Tax
The Central Government had issued N/N 12/2012 dated 17-03-2012 exempting certain taxable services from the whole of the service tax. Now, the Central Government has issued N/N 25/2012 (called the Mega Notification) dated 20-06-2012 in supersession o
New Law on Service Tax- -Gist of New Notifications
New System of Taxation - Service Tax Old Notification New Notification Particulars 11/2012- 17.03.2012 24/2012- 05.06.2012 ST Valuation Rules
Why service tax is payable on raising of invoice
A rule under service tax got changed on 1 July 2011 that was an important rule, rule of Service Tax liability. When does service provider's liability arise to submit service tax to government. Earlier Practice : - Service Tax Payable wh
Thought Before CA and What after CA!
Hi Pals.Serious or Humour u decide!! When i was in 11th Std (2002), i use to see some of the aged people who use to write some exams with the younger ones.. I started guessing which must be this exam?? IAS, MBA, B.com naa.. Until to my surprise w
Procedural changes in Rule 5 of Cenvat Credit Rules, 2004
It may be noted that, the department has issued Notification 27-2012 dated 18.06.2012 substituting earlier Notification No.5/2006 in respect of procedure for claiming refund claim under Rule 5 of CENVAT Credit Rules, 2004. The important procedural c
Annexure A, Annexure B, Annexure B- Old vs. New
Annexure A Service tax amendments, Service receiver is liable to pay the service tax at the rate mentioned below: (Notification No. 15/2012 dated 17-03-2012 - effective from 01-07.2012 [section 68 of the Finance Act ] Sr
Result, Fear and Tension
I guess now every professional course exams got over e.g. CA, CS, CWA finally the days of hardworking gone, owl nights full sigh I suppose everyone should be in enjoying mood and relaxed. Right We hear the slogans of being
Essentials of a CA student!
Hi friends! Im writing this article to highlight the most essential qualities of a CA student: Qualities which determine the success of the student in his exams and the professional career. The Qualities are: Self Confidence: The most impor
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