CAclubindia Articles

Piece of Advice

Posted by Archana Das 05 August 2011 11806 Views

As we have 4 days to go for the ipcc/pcc resuts everyone must be worrying sick about it here are few tips as to how to overcome the fear,tension etc within you: 1) Be positive We must take baby steps to get this attitude of being positive...dont hur

Inventories defined and Rule 3 (5B) of CCR

Posted by Manoj Pala 05 August 2011 14376 Views

INVENTORIES defined and read in terms of Rule 3 (5B) of CCR; Inventories are assets (current assets) which encompass a) RAW MATERIALS held for use in the production process or in rendering of services b) Stores, maintenance suppli

Late Fee and Penalty for delayed filing of ST-3 Returns

Posted by Kaustubh Ram Karandikar 05 August 2011 331420 Views

Late Fee As per provisions contained in Section 70 of the Finance Act, 1994, a person liable to pay Service tax

Minor / Minority and capacity to contract - An analysis

Posted by Alok Rudra 04 August 2011 4772921 Views

Under Section 11, a minor is a person who has not attained the age of 18 years. The age of the majority of a person is regulated by Section 3 of the Indian Majority Act, 1857.

NRI's can't claim concessional tax rate u/s 115H for interest

Posted by CA. Anuj Gupta 03 August 2011 81818 Views

Recently Madras High Court in the case of Dr. M MANOHAR(Appeal No 759 of 2004) decided an important question Whether the interest on the deposit made out of the interest income also qualified for concessional rate as the investment income de

GST: Impact on the Poor

Posted by Nagesh Bajaj 03 August 2011 12736 Views

GST is a destination based consumption tax. Consumption taxes are regressive in nature. It increases the gap between the rich and the poor.

Inventory write downs vis-a-vis Rule 3 (5b) of CCR

Posted by Manoj Pala 03 August 2011 14433 Views

Inventories are measured at the lower of cost or net realizable value (NRV). If the NRV falls below the recognized costs pf an inventory item, the respective inventory items must be measured. Inventory write-downs should reflect the estimated loss i

SARFAESI Act'2002: Boon For Banks Curse for Borrower

Posted by CA. Vikash Dwivedi 03 August 2011 27214 Views

THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSESTS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 SARFAESI Act, as the name of the act suggests, deals with 3 matters: Securitisation [Sec 2 (1) (z)] Reconstruction of Financial Asset [Sec

" 7 Days to go " - Go for it guys

Posted by SANYAM ARORA 03 August 2011 21641 Views

A Very good Evening to all the members of CCI Family............................!!!!!!! Today I want to speak something very special for all the students of PCC/ IPCC STUDENTS. So friends just 7 D

Judicial Pronouncements

Posted by khushbu darak(CWA) 03 August 2011 8416 Views

Some More Important judicial pronouncements under Service Tax 1. Whether erection and Commissioning of tower parts through engagement of employees shall be termed as Manpower Recruitment and Supply Agency Services? Facts: Sh