CAclubindia Articles
Procedure for Issue of FCEBs
PROCEDURAL REQUIREMENTS Before the issue of FCEBs to a person resident outside India, the issuing company must note the following points: 1. Whether, the issuing company is eligible to raise funds in foreign exchange in accordance with For
2(22)(e) - Income Tax Department & Assessee
2(22)(e) A Long standing Dispute between Income Tax Department and Assessee: Background of the Section: Its a regular practice between closely held group companies to transfer monies to meet their fund requirements (other than for
Determination of Date of which rate of service tax to be taken
PRECAUTION TO BE TAKEN FOR TAKING RATE OF SERVICE W.E.F 01.04.2012 (Either 10% or 12%) (Before proceeding further please read the disclaimer at the bottom of this write up) With effect from 01.04.2012, rate of service tax has been increased from 10%
Pay Later Option in MCA Portal
Pay later option The Ministry started the Pay Later Option on the MCA Portal which got effective from March 20, 2012. What Pay Later option is and what is its benefit will be discussed here. What is Pay Later Facility Currently, payment for MCA21 se
About Revised Schedule VI
Ministry of Corporate Affairs has amended the schedule VI which is required to be implemented by the companies from Financial Year 2011-12 along with regrouping last year figures. Following are the changes in Revised Schedule VI.
Basic - Operating and Finance Lease
LEASE (FINANCE AND OPERATING) AS -17 Definition:- Finance Lease :- A finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred. In other wor
Need to Know About Chartered Accountants Career in India
Chartered Accountancy is a profession that is as desirable as the Engineering and Medical ones. The corporate sector of the industry is always in a need of chartered accountants and with the booming economy, this need is only going to increase. Whe
Budget Changes in CENVAT Credit Rules
Changes in CENVAT Credit Rules in Union Budget 2012-2013 Amendments in the Definition of Capital Goods: v The facility of taking CENVAT Credit on motor vehicles other than those falling under tariff headings 8702, 8703, 8704,8711 and their
E - I Transaction
Transit Sales under the CST Act. Transit sales These are generally known in the market as 'LR sales', , 'subsequent inter-State sales‟ and 'E-I sales'. However these words including the words transit sales‟ do not find
Core Investment Company - An Insight
Core Investment Company (CIC): On August 12, 2010, the Reserve Bank of India (RBI) issued a notification DNBS (PD) CC.No.197/03.10.001/2010-11 prescribing the regulatory framework of a Core Investment Company. On January 05, 2011, the RBI issued
Popular Articles
- Savings Account Rule 2026: New Limits For PAN Card Holder
- Tax Audit Due Date Extension for AY 2026-27
- Download PAN Card With Aadhaar Number in 2026: Know the Online Process
- Income Tax SMS Alert For Salaried and Pensioner FY 2026-27
- TDS on Professional Fees FY 2026-27: Rules and Threshold Limits
- Tax Audit Deadline AY 2026-27: A Practical Compliance Checklist for CAs and Taxpayers
- Income Tax Refund on Excess Recovery: Refund, Interest, Adjustment & Recovery Rules
- When Can GST Officers Visit Business Premises for Verification, Audit, Inspection, Search or Seizure?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
