Popular Articles

No entry for Service tax in clubs in certain scenarios

MONISH BHALLA 11 February 2010 at 12:53

Are all activities of a club or an association covered under the ambit of Service tax or there are certain exclusions to the same? Becoming a member of an elite club is looked upon as a prestige symbol or a style statement; however, the high price ta

GST Tax Structure,Return & Penalty Provision

Mohan Arya 19 January 2017 at 11:29

This article is for acquiring the knowledge on the basis of draft model of GST which would be modified at a later stage. As on date it has become essential to..

Section 45(5A) of the Income Tax Act- Analysis

SAGAR MALHOTRA 08 June 2020 at 10:07

Section 45 of the Income Tax Act, 1961 ('Act') is the charging section of the income chargeable under the head 'Capital Gains'.

Sure-Shot Success Tips for CA Old Course Students

CA Sapna Ghelani 13 April 2021 at 18:02

We all know that the upcoming May 2021 exams are the last attempt for old course students.. Here are some really important tips which every student must take care of.

General Question Regarding Income-tax

jyoti 10 March 2009 at 14:23

General Question Regarding Income-tax 1. What is Income Tax? It is a tax imposed by the Government of India on any body who earns income in India. This tax is l..

Believe in yourself first, God later!

Niraj Mahajan 28 February 2012 at 11:37

Many times I have felt and still feel why we need God? I have seen many doing unnecessary things/rituals only to please God. I am not going to the debate whether God exists or not.

Applying VAT on international trade

CA Nikita 15 October 2007 at 00:32

International trade in services has expanded rapidly as a result of globalisation, aided significantly by the revolution in communication technology. This expansion has coincided with the global spread of Value Added Tax (VAT), with some 140 countrie

Time of supply of goods and/ or services under Draft Model GST Law

Bimal Jain 30 June 2016 at 16:23

We are hoping that in the coming monsoon session, the GST Bill will finally see the light of the day and the Government will soon come out with much awaited GST..

Income for putting Advertisement on your website

CA Neil Ganatra 15 March 2013 at 12:52

Income for putting Advertisement on your website + Section 44AD Nowadays many people are using their own website as the source of their income. The income is for allowing other brands to put advertisements on website. The brands are interested

ST on Director's remuneration - Instigating litigation!

Pradeep Jain 25 September 2015 at 10:57

Introduction:- The issue regarding leviability of service tax on remuneration paid to the directors has been matter of concern since 07.08.2012 when reverse charge mechanism was introduced vide notification no. 45/2012-ST dated 07.08.2012 for the s