CAclubindia Articles

No TCS on provision of any service due to drafting anomaly in Section 206C of IT Act

Posted by Manoj Agarwal 09 June 2016 7966 Views

I am sure that you are completely surprised by the title because nobody has yet pointed out such an anomaly!! You heard it right and please do let me explain. The Hon�ble Finance Minister Shri Arun Jaitley has brought amendment in Section 206C

Reasons why a majority of students don't crack CA IPCC/FINAL

Posted by Member (Account Deleted) 08 June 2016 35672 Views

Now a days, its been a habit of the students to blame the ICAI and examiners when they taste failure for the IPCC/FINAL exams. I would like to tell you that, before blaming the said authorities, make a self assessment. Based on my experience as an ex

How to utilise time effectively

Posted by CA DIVYADARSHI KUMAR 08 June 2016 10812 Views

Time is like money. If you know how to use it, you can create a productive and profitable working environment. If you don�t, you can spend your working life always being busy, but not ge

Equalisation Levy

Posted by CA Priyanka Kushwaha 08 June 2016 8457 Views

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

Posted by Anil Kumar Kondapuram 08 June 2016 7541 Views

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

Cenvat Credit on Construction, Repairs & Works contract Services

Posted by CA Roopa Nayak 08 June 2016 82431 Views

IntroductionCenvat Credit is a beneficial scheme wherein the duty paid at earlier stage on inputs and input se

Service Tax Implications of Plotted Development

Posted by CA Roopa Nayak 08 June 2016 15514 Views

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?

Posted by Anchal 08 June 2016 4934 Views

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

Levy of Service Tax on Under-Construction Flats - Unconstitutional

Posted by CA Nischal Agarwal 07 June 2016 15673 Views

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

Significant changes introduced in the revised auditing standard - SA 570 going concern

Posted by CA Amrita Chattopadhyay 07 June 2016 12212 Views

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