CAclubindia Articles

Service Tax Implications of Plotted Development

CA Roopa Nayak 08 June 2016 at 11:16

CA Madhukar N. Hiregange&CA Roopa Nayak In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Conse

Due Diligence: Does it always have to be detailed?

Anchal 08 June 2016 at 11:16

Generally, the term �Due Diligence� gives an impression of a detailed and cumbersome research process. However, that is not completely true. A Due Diligence process may range from a high level review to detailed and comprehensive research

Levy of Service Tax on Under-Construction Flats - Unconstitutional

CA Nischal Agarwal 07 June 2016 at 12:20

Reliance in this connection can be placed on the decision of Hon�ble Delhi High Court in case of Suresh Kumar Bansalvs UOI [W.P.(C) 2235/2011] wherein levy of Service Tax on the value of flats sold during construction stage has been held uncons

Significant changes introduced in the revised auditing standard - SA 570 going concern

CA Amrita Chattopadhyay 07 June 2016 at 10:41

The revised Auditing Standard introduced for SA 570 Going concern is for the audits of financial statements for the periods beginning on or after 01st April, 2017.Significant changes introduced in the standard:ScopeThe earlier standard which was effe

Can you trust the online financial calculators?

Ramalingam K 07 June 2016 at 10:41

Yes, it is true that financial / retirement calculators are simple to use. Based on a few assumptions that you input on your computer about the future, it instantly provides you with a number that indicates how much one needs for his/her retirement.T

PAN-IC! PAN compulsory on all Sales or Purchase of goods or services above Rs 2 Lac

CA Umesh Sharma 07 June 2016 at 10:41

Arjuna(Fictional Character): Krishna, from 1st January 2016 onwards PAN is required to bequoted in sale or purchase transaction exceeding Rs.2 lakh. Which is this hidden income tax provision?Krishna(Fictional Character): Arjuna, Income tax Department

No Service Tax Audit by the Service Tax Department or CAG

Bimal Jain 07 June 2016 at 10:41

We are sharing with you an important judgement of the Hon�ble Delhi High Court in the case of Mega Cabs Pvt. Ltd. Vs. Union of India And Ors [2016-TIOL-1061-H

How can you attract positive by staying positive?

Member (Account Deleted) 07 June 2016 at 10:41

What we feel of ourselves, we release it to the universe. And the universe sends it back to us. In varied forms. Through various mediums. So eventually, what we get is what we have released. Either positive or negative. Hence, always, always and alwa

Facing Summons under Central Excise / Service tax

CA Roopa Nayak 07 June 2016 at 10:40

CA Madhukar N.Hiregange & CA Roopa Nayak BackgroundThe issuing of summons under central excise or service tax is viewed with a lot of fear due to lack of awareness and uncertainty by assesses. Under Section 14 [applicable in service tax vide sect

When To Buy Term Insurance Policy

Ravi Kumar 07 June 2016 at 10:40

Life comes out with several surprises and is full of unexpected events, ones that do not come with any warning. There are a few activities that can cause a severe impact on your life in the form of several damages or