CAclubindia Articles

Cenvat Credit Under Service Tax

Madhukar N Hiregange 26 May 2009 at 13:56

CENVAT CREDITS UNDER SERVICE TAX By Madhukar N Hiregange FCA& Sudhir V S. B.com , ACA The Cenvat Credit Rules 2004 has followed the Modvat provisions of 1987. This has replaced the Service Tax Credit Rules 2002 which was in vogue for two years w

Few important points connected to Company Law in India

Durga Rao 26 May 2009 at 13:56

Few important points touching Company Law in India: · The study of company law can’t be seen in isolation with other laws like SEBI Act, RBI Act, Depository Act, the Securities Contracts Regulation Act, the debt recovery and sec

SEBI - an understanding

Durga Rao 26 May 2009 at 13:55

SEBI – an understanding: The clause 45B of section 2 of the Companies Act, 1956 defines the word “Securities and Exchange Board of India” mean the Securities and Exchange Board of India established under section 3 of t

Works Contracts VS Contract of sales Whether Tax Deduction

taxindiaconnect 21 May 2009 at 15:10

Works Contracts VS Contract of sales – Whether Tax Deduction is required u/s 194C.Background - Chapter XVII of Income tax Act 1961 ( The Act) provides for the collection and recovery of tax from the assessee. Deduction of Tax is one of the var

Comparison of Pvt Vs Public Company

CA.Tarun Maheshwari 20 May 2009 at 01:19

COMPARISON BETWEEN PRIVATE LIMITED COMPANY & PUBLIC LIMITED COMPANY MEANING:A private company is one which-(a) has a minimum paid-up capital of Rs. 1lakh or such higher capital as may be prescribed and ;(b) by its Articles of Association

PCC Auditing some tips

CA Swapnil 20 May 2009 at 01:19

Friends,I have cleared PCC in nov-08 (audit -70).i would like to share some tips regarding auditing with you which might help....1)Read all AAS thoroughly.Remember the names of AAS.(a question on a name of AAS & its corresponding number was asked

Cascading effect of taxes

Mahadev 19 May 2009 at 20:55

CASCADING EFFECT OF TAX IN INDIA The intention of this article is to spread a light on the cascading taxation effects present in India and the impacts and the possible remedy for the same. The main objective of any taxation in any part of the world

Audit Sampling

suparna k s 12 May 2009 at 17:06

Audit sampling Scope and objective of Audit samplingThe scope of sampling is determined by audit objectives, audit evidence and audit procedures. The purpose of this standard is to establish standards on the design and selection of an audit sample a

Participatory notes

Bhavadharani 12 May 2009 at 17:06

PARTICIPATORY NOTES P- Notes ‘The backdoor entrants’:Foreign Institutions, or FIIs as we refer to them, are overseas entities registered with the country’s stock market regulator, SEBI. On registration, these entities can directly

CROSS BORDER M&A-TAXATION ISSUE

GAURAV 12 May 2009 at 17:05

Cross-border mergersandacquisitions - Addressing the taxation issues from an Indian perspectiveGAURAV GOELThe boom in cross-border Mergers and Acquisitions (M&A) has given new urgency to understanding and managing the complex tax consequences of