Community & General Articles
Judiciary appointed, Government disappointed "CA/CMA"
Controversial and debated issue of whether board (CBEC) has power to conduct service tax audit of assessee has gone into various folds recently, but now it has got finality.Department has initiated and conducted Service Tax Audit of many assessees. H
Drafting an effective legal opinion
"It is a fact that people usually agree to disagree. The same also applies to opinions expressed on a matter of law, statute, or any of its provisions, circulars, notifications etc. Thi
Types of insurance
I am sure most of us have insurance policy. Infact now a days having an insurance has become a necessity which was earlier considered as necessary. We want that in the event of any mishap our kids should be insured so we get insurance. As soon as we
CENVAT on Capital Goods - Part I
CENVAT credit is available on inputs, input services and capital goods. Rule 2(a) of Cenvat Credit rules, 2004 defines "Capital Goods"
What are QRcodes and how are they useful?
Last week, i tried to explain about NAS and it's uses http://goo.gl/mzaZjV, this week i'll try to shed light on QRcodes and it's limited uses!As soon as you saw the word QRcode in the title, the sqare shaped pixelated pattern comes to you
Abolish Departmental Appeals & SDMs
Almost all tax statutes provide for first appeal against any tax demand or assessment order, to an officer of the same department, assigned the role of an appellate authority who is supposed to be a quasi-judicial authority, in the sense that despite
NAS: Share your files and media wirelessly in your office!
You might've heard Network Attached Storage (NAS) term on the internet many times and wondered what it really means. Many of you who have moderate technical knowhow knows about NAS and how to set it up or just know about it, but a lot of non-tech
Can SEZ unit claim exemption from CVD when cleared to DTA?
Can SEZ unit claim exemption from CVD when cleared to DTA based on an Exemption Notification issued under Section 5A of CEA’1944 although when there is specific bar under Section 5A for SEZ units? Petitioner is a manufacturer of excisable goods
How can good record keeping systems help in productivity gains?
After completing one of our recent Internal Audit assignments, when we analyzed the time taken, Waiting for Documents topped the list! Clients Record Keeping System was such that no payable voucher could be readily picked up. One
Profit on sale of carbon credit is not taxable receipt
Reliance in this regard can be placed on the decision of Hon’ble ITAT Bangalore in case of M/s SubhashKabini Power Corporation Limited vs. CIT (ITA No 258/Bang/2014) pronounced on 28th November 2014 wherein the Commissioner taking cognizance of
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