CAclubindia Articles

Detailed Procedure for Winding Up - Under Order of the Court

Rasesh 02 March 2010 at 14:17

In our country, every corporate house has incorporated many group companies which were run efficiently for some time. But with passage of time, the utility of having such large number of group companies reduced and then the management thought it fit

Highlight of the changes proposed in Central Excise in the Budget

MONISH BHALLA 02 March 2010 at 11:15

1. The excise duty of all goods which attracted 8% Central Excise duty previously will now be taxed at 10%. 2. The rates of duty on cement manufactured by units other than Mini Cement Plant in packaged form and bulk form have also been revised upwa

Budget 2010 displeased Indirect Tax payers

MONISH BHALLA 02 March 2010 at 11:15

The reaction over budget 2010 is on air now. The Finance Minister has failed to cheer assessee of Indirect Taxes. Even the matter for implementation of the proposed GST has been deferred for one more year. The Finance Minister addressed to certai

Income Tax Reliefs To Defeat Future Worries

Rahul Poddar 02 March 2010 at 11:15

Income Tax Reliefs To Remove Future Worries There are certain provisions of Income Tax Act which are framed to encourage savings amongst individuals. The method adopted to encourage such savings is by giving income tax relief to individual on inve

Heads I win, tails you lose, says FM

MONISH BHALLA 28 February 2010 at 14:39

Budget 2010 is likely to get a variety of reaction from different sectors. For the "aam admi", it is not a khaas budget and for the khaas admi, it is nothing more than an aam budget. Experts view it in a different prospective. Budget 2010

New Services proposed in the Union Budget 2010

MONISH BHALLA 28 February 2010 at 14:39

List of the eight new Services proposed Promoting, marketing or organizing of games of chance, including lottery [Section 65 (105) (zzzzn)] Health services, include following:- [Section 65 (105) (zzzzo)] 1. Health check up undertaken by ho

Budget 2010. Highlights of Service Tax

MONISH BHALLA 28 February 2010 at 14:39

Budget Highlights – Service Tax Rate of tax on services retained at 10 per cent to pave the way forward for GST. Proposals relating to Service Tax are estimated to result in a net revenue gain of Rs 3,000 crore for the year. Proce

Budget 2010- Income Tax

Mahesh Kapasi 28 February 2010 at 14:32

Budget and Income Tax The Union Budget 2010 is definitely inflationary for Aam aadmi. Middle class shall become poor class! There is no respite from continuing inflation and the budget provisions are adding fuel to the fire of inflation. India too sh

3 SMARTS OF BUDGET 2010-11

Indraneel Sen Gupta 28 February 2010 at 14:30

PETROL: Walk Out Yesterday the Parliament of India have created a history by making a walkout even before the budget was yet to be finished. The opposition parties made the walkout once it was declared in the budget that petrol prices

Port/Airport Services: At Great Expansion

Pradeep Jain 28 February 2010 at 14:30

PORT/AIRPORT SERVICES: AT GREAT EXPANSION Prepared By: CA Pradeep Jain, Monu Toshniwal The introduction of Budget 2010 has brought a drastic change in the definition of the Port/Airport services which will definitely expand t