CAclubindia Articles

Service Tax RCM on works contract

Posted by Pankaj Gandhi Jaiswal 24 June 2016 105186 Views

Date : 19.03.2016M/s. ABC LLP ( Service Provider )M/s. XYZ Limited ( Service Recipient ) Ref: Service Tax on Works Contract and RCM Opinion Before giving opinion on the issues it will be useful to refer the questions related with this transaction. A

The on demand era

Posted by Pallavi Behani 24 June 2016 9090 Views

In the year 2004, ebay had commenced operations in India by acquiring Bazee.com which was followed by the entry of Flipkart and Myntra in 2007. Since then people have been purchasing products online and the steroid to this business was the 'Cash

Mystery of Indian CAs abroad demystified

Posted by Prashant Rajput 24 June 2016 40803 Views

I wanted to write an article on this about a fortnight ago when Miss Manju's query in experts section went unanswered. Today Mr.Ankit too has asked about how to bag a job abroad. So I have decided to enlighten you folks with whatever I could. Yes,yo

How do we develop Organizational Policies and Procedures?

Posted by Tulasi S Sastri 24 June 2016 5859 Views

Companies Act 2013, referring to the Directors' Responsibility Statement, explains Internal Financial Controls (IFCs) as the policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, in

Analysis of deposits by Nidhi companies

Posted by CA. Kapil Goel, DISA(ICAI) 24 June 2016 12483 Views

In this article we discuss how much a Nidhi Company can take deposits and from whom. These are the rules and limitations for taking deposits by Nidhi Companies :-1. The ratio of Net Owned Funds of the Nidhi Company to deposits should not be more than

Registration under excise by jeweller: A thoughtful decision

Posted by Ashish Chaudhary 24 June 2016 13838 Views

BackgroundRegistration with tax authorities is first step for any assessee to make compliance with the law and similar is the case for jewelers who have been brought within excise ambit in Budget 2016-17. But it

Five frequently made financial planning mistakes and how to avoid them

Posted by Ramalingam K 24 June 2016 9079 Views

The Process of LearningWhich is the best way to learn the lessons of life?There are two ways to learn the essentials of life. The first is by going through the process of structured training and education. The second is about learning hands on, makin

Mobile accessories turns expensive

Posted by Pradeep Jain 24 June 2016 5853 Views

Introduction:-With the hype created regarding implementation of revolutionary taxation reform, i.e., GST in the financial year 2016-17, the government attempted to mentally prepare the assessees as regards substantial reduction in the exemptions avai

Rule 6 of CCR, 2004 Restructured - Issues addressed & unaddressed

Posted by CA Venkatprasad Pasupuleti 24 June 2016 10949 Views

The basic principle of any VAT system is that credit of duty or tax paid on the input goods or service can be availed only for payment of duty on final products or output services. As a natural corollary, if no duty/tax is payable on final product or

Deferred Tax Introduction

Posted by Shubham Gupta 24 June 2016 10682 Views

Deferred tax When we look out for the meaning for "Deferred�" it means to Postpone or delay. Similarly deferred tax is also liability to pay tax in future that we have postponed and have to reflect in our balance sheet.With coming of finan