CAclubindia Articles

Date of applicability of Changes in Excise and Custom Rates

Posted by Mihir Doshi 23 March 2012 75274 Views

This time common man, an Indian Tax payer was expecting magical budget with high benefits but for Individual its "Give and Take" kinds of budget. Honorable FM has increased the Exemption limit for Individual by INR 20,000/-, on the other h

Deduction under 80 CCF discontinued

Posted by Tapas Ruparelia 23 March 2012 159033 Views

‎80 CCF DISCONTINUED:- Investments made in infrastructure will no longer be allowed as deduction from the Total income u/s 80CCF i.e. over and the above the deduction u/s 80C, the additional deduction of Rs. 20000 is discontinued from next fisc

Budget 2012 - Indirect Tax (Excise and Service tax)

Posted by Manoj Pala 22 March 2012 58225 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 321937 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 25578 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

Buying Online Term Plan? Few Tips to Follow

Posted by Prof. Bajaj 22 March 2012 20210 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

A note on Removal of Directors!

Posted by Ankur Garg 22 March 2012 49063 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

Lump sum scheme for payment of service tax in works contract

Posted by Amit Bajaj 21 March 2012 35490 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

Reverse Charge Mechanism in service tax-more clarifications

Posted by Amit Bajaj 22 March 2012 123165 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

Meaning of Deferred Tax Liability & Asset in Simple Words

Posted by Vignesh Killur

10 August 2020 1993589 Views

Meaning of Deferred Tax Liability & Asset Explained in Simple Words: In Simple words, Deferred Tax Liability is a Provision for Future Taxation. This is in stark Contrast to Provision for Taxation. Provision for Taxation is basically a provision