CAclubindia Articles

Ambit of Advance Tax

Abhijeet Deshpande 14 March 2016 at 11:31

What is Advance Tax?Advance Tax is where an assessee pays the government taxes on your income right throughout the year, i.e., payment of taxes within the Financial Year. It can be called as �Pay-as-you-Earn� scheme. Who shall pay Advance

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

VAT on Service Tax Part of Billing

Pankaj Gandhi Jaiswal 14 March 2016 at 11:31

VAT on Service Tax Part of Billing Section 2 (25 ) States(25) 'sale price' means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum charged for anything done by the seller in respect of t

Restructuring Corporate Laws & Management in India

CA Pradeep Garg 14 March 2016 at 11:31

Dear Professional collegues,Out of my industrial experience of 30 years besides having completed CA & CS, I want to share my experience with all concerned and suggest the change/ammendments in the area of corporate laws that will streamline the l

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

Perfunctory Provision For Postal Ballot Notice

Yogina 12 March 2016 at 12:08

Postal ballot is a procedure for seeking approval from shareholders/members for important decisions of a listed company and any other company having more than two hundred numbers of shareholders/members. Its importance lies in the fact that it gives

Budgetary changes reg. Service Tax and Cenvat Credit provisions summarized

Manish K.Gandhi 12 March 2016 at 12:08

This is my humble attempt to summarize budgetary changes reg. Service Tax and Cenvat Credit provisions in nut-shell and also in common language and may be chances in error somewhere during preparation so it is advised to refer relevant authority in A

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