CAclubindia Articles

Statutory Audit of Construction/Real Estate Companies: CARR

Posted by CMA Navneet Kr Jain 23 March 2012 102783 Views

Applicability of Cost Records in Real Estate/Construction Industry Statutory Auditors of Construction/Real Estate Companies to exercise caution By Navneet Kumar Jain, Practising Cost Accountant, Delhi Till the year 2010-11, cost records were require

Budget 2012 - Indirect Tax (Excise and Service tax)

Posted by Manoj Pala 22 March 2012 58208 Views

Indirect Tax I. Service Tax 1.1 Amendments to be effective from 1 April 2012 1.1.1 Change in Rate of Tax Rate of service tax has been increased to 12.36 percent (including Education Cess and Secondary & Hi

Analysis of Section 36(1)(iii) Interest on Borrowed Capital

Posted by Pankaj Gandhi Jaiswal 22 March 2012 321894 Views

Analysis of Proviso of Section 36(1)(iii) & Proviso (1) The deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing the income referred to in section 28

Procedure for Conversion of Name from Private to Public

Posted by Ajay Mishra 22 March 2012 25562 Views

The procedure for altering name clause of Memorandum or Articles of Association of the company is being given herein under: 1. Management decision to change the name The Board of Direct

A note on Removal of Directors!

Posted by Ankur Garg 22 March 2012 49041 Views

Dear Students, Some time back I had started a series of small articles covering a particular exam oriented topics, where my focus was to choose topic useful for exam preparation. So I would request you all to please take note of the same as the

Reverse Charge Mechanism in service tax-more clarifications

Posted by Amit Bajaj 22 March 2012 123116 Views

In the Budget-2012-13 under the new Reverse Charge Mechanism in certain services the recipient of the service has been made liable to pay tax instead of service provider. In three of services namely hiring of means of transport, construction and

Buying Online Term Plan? Few Tips to Follow

Posted by Prof. Bajaj 22 March 2012 20182 Views

Nothing doing! Now no agent can fool me saying that endowment plans or ULIPs are good. I have understood that only term plan is the best form of risk cover. I am going to buy a term plan online. Said Niraj, a 29 year old IT profess

Lump sum scheme for payment of service tax in works contract

Posted by Amit Bajaj 21 March 2012 35462 Views

In works contract service lump sum scheme for payment of service tax in a works contract has been introduced by amendment in Rule 2A of the Service Tax (Determination of Value) Rules, 2006 vide Notification No. 11/2012 - Service Tax dated 17-03

Are Director Liable to Tax Audit & Service Tax as per Budget

Posted by CA Prashant Gupta 21 March 2012 35439 Views

ARE DIRECTORS LIABLE TO SERVICE TAX AND TAX AUDIT AS PER UNION BUDGET 2012-13 ? Till the date of budget, there is always confusion on treatment of directors remuneration. There is conflict about whether it is salary income or it is a bu