[This article appeared in “Taxmann’s Service Tax Today” Vol. 10 dt. 12-10-2007] Determining Value of Service under Works Contract: A Labyrinth By CA. Pradip R Shahe-mail: pradip_shah@vsnl.comIntroduction1.1 With the introduction of
[This article appeared in Taxmann’s “Service Tax Today” Vol. 7 Part 4 dt. 23-3-2007] Budget 2007-08: Clinical Trial - From Frying Pan to ……CA. Pradip R Shah[Executive Summary: Is proposed exemption to clinical trial o
[This article appeared in TAXMAN-Volume 156 Page 89 dt. 21st Oct. 06 ] RELATIVES UNDER THE INCOME TAX ACT – A RELATIVE CONCEPTBy CA Pradip R. Shah Human Society – a cobweb of relationships1.0 Human being is called a social animal. The
In any economy, for the welfare of consumers competition is very necessary. In absence of competition, enterprise start taking undue advantage of their monopolistic position and start exploiting consumers. Advantages of competition are many. Good ex
Abraham Lincoln, the 16th president of the United States of America (1861 - 1865) is one of the world’s great statesmen for all time. Here is a letter written by Abraham Lincoln to the head master of his school in which his son was studying, a
'A Leader Should Know How to Manage Failure' (Former President of India APJ Abdul Kalam at Wharton India Economic forum , Philadelphia, March 22,2008) APJ Abdul Kalam: Let me tell you about my experience. In 1973 I became the project director of
Just In Time It is a management philosophy which aims at eliminating waste from every aspect of manufacturing and its related activities. The term JIT refers to producing only what is needed. JIT is defined as “A technique for the organisatio
Income from House Property (Section 22 to 27) HP under Rent Control Act HP not covered under Rent Control Act a. FRV or MRV whichever is higher b. Amount (a) or SR whichever is
I SET OFF OF LOSSES (Sec 70 and 71) Set off of losses refers to adjustment of current year losses against current year incomes. Rules A: Set off of losses – Intra head adjustments (Inter source adjustments) Loss from one source of income can
REQUIREMENTS FOR SALES TAX REGISTRATION PROPRIETORY CONCERN 1 Identity proof : Ration card, Voter Id or passport.