CAclubindia Articles
Taxing becomes more complex
Under the current service tax provisions construction of residential complex service was one of the services which was subject matter of litigation all over India.Various Departmental circulars giving contradictory clarifications as w
Money Management
The world moves around the money. Everybody wants economic freedom and security. India comes at top position when we talk about savings, but we are not as good investers as we save. One can use or waste money easily. Arrangement and management of mo
Preparation of Cash Flow Statement - Part II
Hi, friends! In continuation to my first part Preparation of Cash Flow Statement; Im writing this article to make it easier to prepare the cash flow statement. The second part explains the preparation of working notes. First we are going to s
Incorporation of Company, the Companies Bill, 2011
THE COMPANIES BILL, 2011 Let us understand about Incorporation of Company May we divide this section into following three areas? Action from the Company Action from the Registrar Action from the Tribunal Before going in
Falling Rupee, Falling Markets - Opportunity for NRIs!
"I told you not to invest in India. Look whats happening there" said Anvesh, a 35 year old NRI IT professional, to his colleague Niraj. Rupee has slid so much against the dollar. The markets have fallen so much. The GDP
New Service Tax Regime on Negative List -1st July, 2012
New Service Tax Regime on Negative List applicable from 1st July 2012 The Central Government vide Notification No. 19/2012-ST dated 05.06.2012 has announced Date of Introduction of new regime of most awaited Negative List a
Savings Rate - An illusion
Economic Crisis in the west is getting murkier by the passing day. Europe is struggling with Euro. Greece seems to be the first in a series of bail-outs which might give some momentary relief but to my mind it is not the solution to the prob
The Fiscal Deficit - Is it really that bad
We are hearing a lot about this term Fiscal Deficit and more likely it has been depicted as the Devil behind all this recent economic mayhem experienced in India.You talk to any International Investment banker / Analyst / Economist and
Excise Duty & Customs Duty Exemptions for Supplies
Excise Duty & Customs Duty Exemptions for Supplies made to Mega Power Project. That all the equipment supplied for the setting up the mega power projects enjoys both customs and excise duty exemptions.
Overview of Compounding of Offences under the Service Tax
The Central Government by exercising the power conferred by clause (i) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) has made the Service Tax (Compounding of Offen
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