CAclubindia Articles

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 35489 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

Internal Audit Basics

Posted by CA Satish Badve 21 March 2012 59323 Views

Internal Audit Basics The

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

Posted by CA Prashant Gupta 21 March 2012 35473 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

Proposed income tax amendments in Budget 2012-13-Part-2

Posted by Amit Bajaj 20 March 2012 104996 Views

Consideration in excess of F.M.V of shares to be treated as income from other source if consideration received is in excess of Face Value of shares: It is proposed to insert a new clause (viib) in the aforesaid sub-section so as to provide that w

Input Service Distributor's choice taken away

Posted by Pradeep Jain 20 March 2012 26334 Views

Changes have been brought in Rule 7 of Cenvat Credit Rules, 2004 vide Notification No. 18/2012-CE (NT) dated 17.03.2012

Playing 'Economic' Moneyball - The Union Budget 2012-13

Posted by Guest 19 March 2012 11231 Views

In 'Moneyball', Billy Beane the General Manager of the Oakland Athletics, a small town baseball team with a tiny budget, faces the challenge of winning games in Major League Baseball beating teams such as the New York Yankees whose budget is

Overview of Amendment in Direct Taxes(Budget 2012-13)

Posted by Ravi Agarwal 19 March 2012 110436 Views

Introduction The provisions of the Finance Bill, 2012 relating to direct taxes seek to amend the Income-tax Act, inter alia, in order to provide for- A