CAclubindia Articles
Prevention of money laundering Act 2002
Money Laundering Money laundering is the processing of criminal proceeds to disguise its illegal origin. Money laundering has 3 main parts: 1. Placement :- where larger amounts of money broken into small amounts 2. Layering :- Movements of fund
Performance of Indian Boards
The board of directors have the responsibility for steering the organization in the right direction and guiding the CEO and senior management. However, worldwide they are lambasted for catering to the manifested interest of CEO and senior manageme
Understanding Income from Other Source with Latest Case Laws
Any income which does not fall under the heads of Salary, House Property, Business & Profession and Capital Gain will fall under the head Income from Other Source. Hence, this is the residuary head of income. Hence, it is very important to under
Latest on Negative List
Negative List of Service Tax In the Existing List ,only the services specified in clause (105) of section 65 of the Finance Act ,1994 are taxed under the charging section 66.In the new system ,all serv
Closing a Company
A company may wind up its affairs in two ways:- Fast Track Exit Voluntary Winding Up
Insurance Claim: - An Easiest Approach to Understand
Introduction: There are various risks attached today with business, whether it is small, medium, or large. One of the major risks is losses suffered by businesses due to fire, theft or earthquake. Insurance companies ready to bear these losses if t
Negative List - Impact on Construction Industry
Introduction: As you all are aware, Government has proposed to introduce Negative list taxation of services in Finance Budget 2012, it has been notified that this new scheme will come int
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
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