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CAclubindia Articles


Maximum Number of KMP position can be held by an Individual

  SANDIP SARKAR    11 March 2016 at 10:56

Section 203 of the Companies Act 2013 deals with the appointment of Key Managerial Personnel and as per that section every public limited Company having paid up capital of Rs.10 crore and above is required to appoint these following three categories



Changes in Rajasthan VAT at a glance - 2016-17

  PAWAN KUMAR KEDIA    11 March 2016 at 10:55

Changes in requirements of VAT-47A/ VAT -47A required:� Non-ferrous metals, alloys and wires thereof substituted in place of Copper in all its forms including wires.� Tobacco and Tobacco products, cigarette, pan masala, & churi replaced



Changes in the Finance Bill 2016

  Himanshu Goel    10 March 2016 at 16:51

Rate of income tax in respect of income liable to tax for the assessment Year 2017-18The slab rate and rates of taxes are not changed for the Assessment year 2017-18. These are same as for the AY 2016-17, Which are as



Input service distributor - Concept simplified & scope widened

  Pradeep Jain    10 March 2016 at 10:57

Introduction:-Budget 2016 has been introduced and it has bought some major changes in the Cenvat credit scheme by amending the Cenvat Credit rules, 2004. One such change has been introduced in the rule 7 which relates to the input service distributer



Service tax on Ocean Freight - Unsolved mystery

  Manish    09 March 2016 at 11:13

The article deals with the spin offs with respect to one of the proposed amendments in Service tax by Finance Bill 2016A. THE VALUATION ISSUEAs we know it today, the activity of transportation of goods by an aircraft or a vessel from a place outside



Budget 2016 - Direct and indirect taxes

  Abhishek Pandey    09 March 2016 at 11:13

INDIRECT TAXES : EXCISE, SERVICE TAX & OTHERS � KRISHI KALYAN CESS (KKC): New cess proposed @0.50% wef 01.06.2016. This shall be levied & collected as service tax on all or any taxable services on the value of such s



Impact of increase service tax on Make in India

  Bimal Jain    09 March 2016 at 11:13

Dear professional colleague,Krishi Kalyan Cess on all taxable services w.e.f. June 1, 2016 � Impact on �Make in India� and �Start-up India� driveAmidst huge expectations, the Hon�ble Finance Minister Shri. Arun Jai



Limitation For Issuing SCN under section 73 enhanced

  Pradeep Jain    09 March 2016 at 11:13

LIMITATION FOR ISSUING SCN UNDER SECTION 73 ENHANCED OrPROS AND CONS OF AMENDED SECTION 73It was proposed in the Central Excise Tariff Conference that the time limit for issuing show cause notice under normal period of limitation should be increased



Exemption to Ready Mix Concrete - A Great Relief to Construction Industry

  CS Priyanka Gupta    09 March 2016 at 11:13

Taxability of Ready Mix Concrete, now a days has gathered a great impetus, due to various investigations and show cause notices being raised by the excise department to collect excise duty applicable to RMC from various construction industri



Whether to Continue Doing CA or Not?

  Nimish Goel    09 March 2016 at 11:13

I am writing this article almost after a month and half, not because I did not get time to write something but because during the last two months I have got numerous emails from students who couldn’t pass their exams, the results for which were




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