Others Articles

Hopes of Auto Industry Shattered!

Pradeep Jain 17 March 2016 at 10:57

Introduction:- With the forthcoming budget 2016-17 there were lot of hopes and expectations of the automobile industry that they will be encouraged by way of various tax incentives but the budget came as a curse to them. All the hopes went in vain as

Real estate bill passed: Here are the benefits for home buyers

Anand Satyapanthi 16 March 2016 at 11:22

The much awaited Real Estate Bill was passed in Lok Sabha on Thursday, 10th March, 2016. The core objective of the bill is to protect the buyer�s interest and also to bring the transparency to the sector.The bill was presented in 2013 and amend

Builders ko Real Estate Bill ki "Chowkat" nahi to taklif "Chowpat"

CA Umesh Sharma 15 March 2016 at 10:44

KARNEETI Part 120Builders ko Real Estate Bill ki �Chowkat� nahi to taklif �Chowpat�.Arjuna (Fictional Character): Krishna, In India there are more than 76 thousand registered Real Estate Companies. Also, there are lakhs of sma

Increase in limitation period for issuing SCN - Is this "Ease of doing business"

Bimal Jain 14 March 2016 at 11:31

Dear Professional Colleague,Increase in limitation period for issuing SCN � Is this �Ease of doing business�Amongst the flurry of changes brought in by the Union Budget 2016 seeking to reform the Country�s taxation system and

Benefits of creating a HUF

CA Bhavin Shah 14 March 2016 at 11:31

HUF - Total Basic Idea for Businessman / Estate PlannerWHAT IS A HINDU UNDIVIDED FAMILY?1. In general, HUF means a body of persons lineally descendant from a common ancestor including their wives and unmarried daughters, who are staying jointly.2.

Transfer pricing: An introduction

sushantca 12 March 2016 at 12:08

Transfer pricing:� Selection criteria for TP audits - Aggregate value of international transactions is INR 15 Crores or more� Cases with international transactions amounting to lower than this threshold are picked up on the basis of judgmen

Significant Union Budget 16 Highlights

CA Manish Jathliya 12 March 2016 at 12:08

Significant Budget Highlights 2016-17- Direct Taxes 1. Relief to small tax payers (a) Rebate under Sec 87A: With the objective of providing relief to resident individuals in the lower income slab i.e. total income not exceeding Rs. 5,00,000, section

Budget 2016 - An Analysis for Layman as well as Tax Practitioners

CA Tejas Andharia 12 March 2016 at 12:08

1. Income Tax rates are not changed (except in case of certain types of companies) but surcharge in case of individual, H.U.F., A.O.P., B.O.I. and artificial juridical persons is increased from 12% of income tax to 15% of income tax. [Not to worry si

Input service distributor - Concept simplified & scope widened

Pradeep Jain 10 March 2016 at 10:57

Introduction:-Budget 2016 has been introduced and it has bought some major changes in the Cenvat credit scheme by amending the Cenvat Credit rules, 2004. One such change has been introduced in the rule 7 which relates to the input service distributer

Budget 2016 - Direct and indirect taxes

Abhishek Pandey 09 March 2016 at 11:13

INDIRECT TAXES : EXCISE, SERVICE TAX & OTHERS � KRISHI KALYAN CESS (KKC): New cess proposed @0.50% wef 01.06.2016. This shall be levied & collected as service tax on all or any taxable services on the value of such s