CAclubindia Articles

Understanding Income from Other Source with Latest Case Laws

Posted by Manish Kumar Agarwal 25 June 2012 105938 Views

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

Transfer Pricing - Specified Domestic Transaction

Posted by Jinesh Bhagdev 23 June 2012 68531 Views

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

Additional services exempted under Service Tax

Posted by CA Siddhartha Bhardwaj 22 June 2012 46882 Views

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

Tax Saving Tips

Posted by SHIKHA SONI 22 June 2012 55297 Views

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

Deemed Sale v/s Declared Service-Controversy C/F to negative list

Posted by Pradeep Jain 21 June 2012 16216 Views

DEEMED SALE V/S DECLARED SERVICE CONTROVERY C/F TO NEGATIVE LIST An article by:- CA. PRADEEP JAIN CA. PREETI PARIHAR Introduction:- Deemed sale it is a critical aspect of the Sales Tax law and it is going to

Essentials of a CA student!

Posted by RaGHuRaM 21 June 2012 41466 Views

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

Procedural changes in Rule 5 of Cenvat Credit Rules, 2004

Posted by CA Vijay Sony 21 June 2012 36289 Views

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

Thought Before CA and What after CA!

Posted by CA Sandeep 21 June 2012 28225 Views

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

Why service tax is payable on raising of invoice

Posted by Arun Jain 21 June 2012 83377 Views

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