CAclubindia Articles

Loss arising in case of Bonus Stripping

Posted by Alok Siddapur 10 May 2011 12785 Views

According to Section 97(8) if all the following conditions are satisfied then loss arising on account of purchase and sale of units(hereinafter referred to as original units) shall be ignored for computing income chargable to tax 1) Any person buys

CENVAT

Posted by Sathya Sankeerth K N 10 May 2011 23877 Views

CENVAT Basic purpose of VAT is to avoid cascading effect in the payment of taxes to the government. Its main advantage can be found as fall in the payment of taxes by the ultimate consumer. CENVAT also comes in the same format but is structured in

Income Tax Amendments by Finance Act, 2011

Posted by CA Ishaan 09 May 2011 197016 Views

The following changes have been effected in the Income Tax Act,1961 by way of Finance Act, 2011 : 1. Rates of Income Tax: Rates under the various categories have changed. INDIVIDUAL (EXCL. WOMEN) BELOW 65 YEARS OF AGE/HUF/AOP/BOI/AJP :

Compilation of Notifications Issued on or after 25/04/2011

Posted by CA Ishaan 09 May 2011 18906 Views

Many new notifications have been issued by the Central Board of Excise & Customs on 25-4-2011 in the field of Service Tax. They have been compiled here along with relevant inputs from the Letter by Joint Secretary(TRU-II) 1. DATE OF COMI

Levy of penalty or interest for non submission of C forms

Posted by Amit Bajaj 09 May 2011 226272 Views

As we know C forms are required to be submitted by a seller with the sales tax authorities after obtaining the same from the purchaser of goods if the sale is an interstate sales and CST has been charged at concessional rate of 2% as per the require

Challenges make you perfect

Posted by CMA Ramesh Krishnan 09 May 2011 14833 Views

Challenges make you perfect Introduction: In our life we need to face several challenges in every day. When ever we are facing challenges most of us we thinking about the trouble arising from the challenges and worried about the problem come out

Finance Act 2011- Analysis of Service Tax & Excise

Posted by Madhukar N Hiregange 09 May 2011 79791 Views

Finance Act 2011/ Post Budget Changes - Analysis - Service Tax & Excise Budget CA Madhukar N. Hiregange Budget Updates Central Excise Central Excise is already quite old law and ex

Wait for results and do not panic!!!

Posted by RG - A Helping Hand 07 May 2011 17198 Views

Dear All, This is my second attempt to share something useful in the form of this Article. Im sharing the below piece of advice because I believe in it. Hoping that the suggestion mentioned below would help some student to realise something us

Residence & Scope of Income In Cross Border Situations

Posted by CA. Anuj Gupta 06 May 2011 18374 Views

As a general principle, law of a State has effect only within its own boundaries. This general principle, however, has a very important exception.

Few case laws in service tax and customs

Posted by Dr. Paras Jain 06 May 2011 21709 Views

AN EXAM-EVE RAPID SUMMARY OF CASE LAWS ON SERVICE TAX The final part at 0430 hours in morning!!! So I have done my part leaving it to you With lots of love and best wishes. Preliminary Legal Provisions