CAclubindia Articles
Voluntary Exit by Directors under Companies Act 2013
INTRODUCTIONI. The provision of resignation of director has been introduced for the first time in the Companies Act 2013 {Act} through section 168. Before that, this was mostly given effect by companies as per provisions of their articles of associat
Rate of Service Tax - Section 67A linked with POT Rules, 2011 to prevent disputes
BACKGROUND – Section 67A and POT Rules:The Point of Taxation Rules, 2011 (in short POT Rules) was introduced w.e.f. 01-04-2011 to define and determine the point of taxation (in short POT) i.e. point in time when a service shall be deemed to hav
Import of goods at concessional rate of duty - Procedure simplified with a demerit
Preface:-The Budget, 2016 brought about a series of changes in various sectors of the industry. In this article we will focus on the various changes made through notification No. 32/2016 – Customs (N.T.). This notification has been issued to su
Term Insurance or Traditional Insurance
Hello Everyone, As we have entered in the last month of our Financial Year, a handful of my friends would have their tax saving investments on place but the majority of my friends be it salaried or self-employed is gonna start head hunting for Tax Sa
Income declaration scheme 2016 - Salient Features
The finance minister has brought in one more opportunity to bring black money into books of accounts by announcing the "INCOME DECLARATION SCHEME 2016" in the Finance Bil
Impact of Budget 16 changes in Service tax and Excise on Builders
Change in rate of Abatement:A uniform abatement at the rate of 70% is prescribed for services of construction of complex, building, civil structure, or a part thereof, subject to fulfillment of the existing conditions. Therefore tax is payable on 30%
Rule 7B of cenvat credit rules, 2004 - A new concept for multi-unit companies
Introduction:-Budget, 2016 has come up with some new provisions and concepts in the Central Excise Law. One such provision has been introduced in the name of rule 7B of Central Excise Rules, 2004 which has been framed on the same lines of input servi
Minimum Alternate Tax-In Most Simple manner
The concept of MAT was introduced under income tax act to tax companies having profit as per books and declaring dividends but have no significant taxable income because of exemptions, deductions, incentives and tax holidays available to them. The in
Surplus on sale of shares and securities- Capital Gains or Business Income
Issue of taxability of surplus on sale of shares and securities � Capital Gains or Business Income � Instructions in order to reduce litigation � reg.1. Sub-section (14) of Section 2 of the Income-tax Act, 1961 (�Act�) d
Equalization Levy to Tax Digital Advertisements - Finance Bill 2016
We are living in a world where information and communication technology is changing rapidly. This has resulted into new business models where goods and services are being supplied in virtual world. Business are being conducted in digital domain and t
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