CAclubindia Articles

How to exercise your taxes to ensure financial health

Sanjit Agarwal 11 March 2015 at 10:21

The Income Tax Act 1961 devotes an entire section to Income Tax Deductions available to Indian tax payers. If we take note of the deductions and invest in the right products at a regular pace, we will inculcate financial discipline that will go a lon

Expiry date for directors

Sundharesan Jayamoorthi 10 March 2015 at 10:37

March 31 is round the corner and every director has to be doubly vigilant about his existence as some of the mundane provisions listed out in the Companies Act, 2013 (Act) prescribe for a expiry date for a director in case of certain no

Budget 2015 not for small & medium service sector

CA Satish Badve 10 March 2015 at 10:36

BUDGET 2015 Hon. Finance Minister has presented first Full year budget of his Govt. on 28.02.15. The expectations were very high and everyone wish this budget as dream budget which have at least something for all say 125 crores of the Indian populati

Stage now set for implementing Accounting Standards converged with IFRS

CA. Rajvir Bhatnagar 10 March 2015 at 10:36

Ministry of Corporate Affairs has finally announced the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Accounting Standards converged with IFRS. A notification in this regard has been issued on 16th February, 2015. Important

Women and the will to succeed!

Hetvi Sheth 09 March 2015 at 11:09

Indian economy has changed tremendously in last 15-20 years. Liberalisation of economy and globalisation has created manifold growth opportunities for women, whether qualified, semi-qualified and even uneducated. The outlook of society towards women

Budget Highlights - Central Excise, Customs & Service Tax

Guest 09 March 2015 at 10:33

Budget 2015 Highlights Central Excise, Customs & Service Tax GENERAL 1. FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. 2. States to be equal partners in economic growth; mo

Reversal of Input tax credit on account of mismatches

RENGARAJ R.K 09 March 2015 at 10:26

Input Tax Credit reversal on account of mismatches found in the Returns under Tamilnadu VAT Act, 2006.-rengaraj r.k, advocate, swamy associatesIntroduction: In the recent times, the Commercial Taxes Department has started issuing Notices and passing

Budget session and GST, will tyranny of opposition end?

Kaushik Vinod 09 March 2015 at 10:25

Introduction:Everyone including me is very optimistic about passage of GST Bill in both the houses of Parliament in this undergoing budget session of parliament which has started from 23 Februa

Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed

CA Umesh Sharma 09 March 2015 at 10:25

Karneeti Part 79Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed.Arjuna (Fictional Character): Krishna, Good News!!! Mumbai High Court on 3rd March, 2015 has ordered to assess and grant MVAT refund on the basis

Guideline value on the sale of a property & exemption

Shrinivas (CA, LLB, CISA) 09 March 2015 at 10:25

Land, one of the wonderful gifts of nature is now an item subject to taxes when the land is transferred from one person to another. The next question in hand is, what is the amount on which the taxes are to be paid?Mr. ABC, who resided in Mumbai, sol