CAclubindia Articles
Equalisation Levy
Budget 2016 has inserted a new chapter VIII in Income Tax Act, 1961. This relates to taxation on services of digital advertising from foreign companies like facebook, google etc. In addition to this new chapter, related sections have also been amende
Start up India - Legal aspects
1.1 INTRODUCTIONThe Central government took the initiative to promote the start up organizations by way of relaxing certain regulatory requirements, providing tax exemptions. The objective of this initiate is to promote the upcoming entrepreneurs who
Levy of Service Tax on Under-Construction Flats - Unconstitutional
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
Cenvat Credit on Construction, Repairs & Works contract Services
IntroductionCenvat Credit is a beneficial scheme wherein the duty paid at earlier stage on inputs and input se
Service Tax Implications of Plotted Development
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?
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
Significant changes introduced in the revised auditing standard - SA 570 going concern
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?
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
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
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
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