CAclubindia Articles

Systems of Taxing income - An Overview

taxindiaconnect 03 June 2010 at 13:24

The Hon’ble Mumbai Branch of ITAT ( The ITAT Mumbai) in the case of Ashapura Minichem Limited VS Assistant Director of Income Tax Mumbai has analyzed the various concepts / principle of determining the taxation of income prevailing worldwide.

Conversion of a Public Company into a Private Company

Ankur Garg 03 June 2010 at 11:40

Section 31 plays an important role during conversion of a public company into a private company.

Valuation of Campus Placements

Indraneel Sen Gupta 03 June 2010 at 11:39

The final bell rang for the campus placements in all the top MBA institutes of India. Companies across the globe jumped off with their leather bags filled with lucrative offers. I remember in 2006 and 2007 (I read this in a newspaper) that many stud

What is Arbitrage ?

CA Ayush Agarwal 02 June 2010 at 11:36

Many From Us are Unaware About The Actual Concept of Arbitrage. Teacher Teaches The Arbitrage in One Words Only That " Risk-Less Profit" But Arbitrage Also Carry Risk. I Asked Many Student if IPCC/PCC That What You Know About Arbitrage.

Permanent Establishment An Introduction

Kapil Nayyar 02 June 2010 at 11:34

With the globalization of world economies, the concept of Permanent Establishment (PE) has gained significant magnitude both in India and worldwide due to its direct impact on the tax revenue generated by a Country.The PE concept is a measuring tool

Budget 2010 & GST in it

Member (Account Deleted) 02 June 2010 at 11:34

Budget 2010 on Goods and Service Tax CA. RAJAT MOHANBudget 2010 whether good or bad for GST?In Budget Speech 2010 -2011 Pranab Mukherjee, Minister of Finance showed his keenness to introduce GST; however, he also recognised that there are issues in i

Concept of SEZ

Manikanta Raju CA,CWA,(CS) 02 June 2010 at 11:31

Query-1: What is the concept of SEZ??? Clarification: SEZ is a “Specifically delineated duty free enclave”……. Let me explain this with an example ------ “Think of sitting in a library and studying and that the libr

Guide to understand an Offer Document

Jigar 31 May 2010 at 13:32

Guide to understand an Offer Document This sub‐section attempts to inform the structure of presentation of the content in an offer document. The basic objective is to help the reader to navigate through the content of an offer document. (a) Cover

Taxability of Fees for Technical Services In India pursuant

taxindiaconnect 31 May 2010 at 13:21

Back Ground The Hon’ble Income Tax Appellate Tribunal Mumbai ( ITAT Mumbai ) in ITA no 2508/Mumbai/08 in the case of Ashapura Minichem Limited Vs Assistant Director of Income Tax, Mumbai has delivered a landmark decision on the issue of incom

Amnesty Schemes introduced by the MCA

Payel Jain 31 May 2010 at 11:52

The much awaited amnesty scheme has finally been notified by the Ministry of Corporate Affairs whereby companies that have not filed their returns for more than one year can make a one-time settlement by paying some penalty. The Ministry vide General