Articles by Guest

Service Tax on Voluntary Organizations (NGO)

Posted by Guest 02 January 2015 39910 Views

After introduction of Negative List based taxation under service tax from 1.7.2012, the applicability of service tax to voluntary / non-profit organizations (NGOs) has become a contentious issue. This is because of introduction of all encompassing de

Tax audit puzzles

Posted by Guest 02 January 2015 13736 Views

RECENT CAG REPORT The Comptroller and Auditor General Report no.32 of 2014 has taken the list of Chartered Accountants who have signed tax Audit cases under Income tax Act of more than 400during FY 2012-13 and there are 22people in the list. ARBITRAR

Appointment of key Managerial personnel under Section 203 of the Companies Act,2013- Some perspectives

Posted by Guest 29 October 2014 175462 Views

Much water has flowed down the bridge since the substantive provisions in the Companies Act, 2013 (herein after referred to as the Act) became operational from April 1,2014.The Act has been a subject of wide spread criticism from the

Loans to Directors, etc. Applicability of Section 185 in the Companies Act,2013

Posted by Guest 17 October 2014 56711 Views

Some perspectives Section 185 in the Companies Act,2013(hereinafter the Act) was one of the few sections to be notified as early as on Sept

Section 186 of the companies Act,2013 and its comparison with the predecessor provision Section 372A

Posted by Guest 22 September 2014 90642 Views

Section 186 of the Companies Act 2013 More rigorous law than Section 372A in the erstwhile 1956 Act- A Study Section 186 in the Companies Act 2014 (herein after referred to as The Act) corresponds to Section 372A in the erstwhil

Banker's Legal Guide to dealing with Phishing scams in India

Posted by Guest 13 September 2014 7710 Views

Online banking revolutionized banking transactions, whereby money could be transferred at a single click. It has been a time saver and has been an extremely convenient method to undertake commercial transactions. However, it has lead to a slew of lit

Black Money - Income Tax weapon of Search & Seizure becoming Stingless!

Posted by Guest 04 August 2014 24254 Views

Today, I intend to discuss the most powerful and intrusive tool of Search & Seizure that the Income Tax Department possesses. In fact, in general public perception, the Income Tax Department is better known for its 'raids' on corporate ho

Salman Khan gets a kick

Posted by Guest 01 August 2014 35771 Views

In a recent decision pronounced by Honble ITAT (Mum) on 30-07-2014 in case of Salman Khan vs. ACIT wherein the assessee had claimed various legal expenses incurred for defending himself in various criminal proceedings pending in the court. The

Service Tax Proposals & Changes in Union Budget 2014

Posted by Guest 14 July 2014 18821 Views

HIGHLIGHTS OF BUDGET-2014 SERVICE TAX PROPOSALS IN UNION BUDGET 2014-15 New Services Brought under Service Tax Net w.e.f the date of assent by President a) Radio Taxi Servicesb) Renting of Space for advertisement in Online & Mobile Penal Interest

Budget 2014 - Impact Analysis for Indirect Taxes

Posted by Guest 12 July 2014 19641 Views

Showing Direction towards Beginning of Good Days The people of India have decisively voted for promise of Good Days Ahead from NDA & its Government has used its First Budget prepared within just 45 days of coming to power for laying down a