CAclubindia Articles
Perfunctory Provision For Postal Ballot Notice
Postal ballot is a procedure for seeking approval from shareholders/members for important decisions of a listed company and any other company having more than two hundred numbers of shareholders/members. Its importance lies in the fact that it gives
Significant Union Budget 16 Highlights
Significant Budget Highlights 2016-17- Direct Taxes 1. Relief to small tax payers (a) Rebate under Sec 87A: With the objective of providing relief to resident individuals in the lower income slab i.e. total income not exceeding Rs. 5,00,000, section
Budget 2016 - An Analysis for Layman as well as Tax Practitioners
1. Income Tax rates are not changed (except in case of certain types of companies) but surcharge in case of individual, H.U.F., A.O.P., B.O.I. and artificial juridical persons is increased from 12% of income tax to 15% of income tax. [Not to worry si
Excise Duty on Textile Sector: Increased cost and Compliance Burden
Textile has been subjected to duty of excise at different point of time. In 2004, exemption was granted on textile articles falling unde
Maximum Number of KMP position can be held by an Individual
Section 203 of the Companies Act 2013 deals with the appointment of Key Managerial Personnel and as per that section every public limited Company having paid up capital of Rs.10 crore and above is required to appoint these following three categories
Changes in Rajasthan VAT at a glance - 2016-17
Changes in requirements of VAT-47A/ VAT -47A required:� Non-ferrous metals, alloys and wires thereof substituted in place of Copper in all its forms including wires.� Tobacco and Tobacco products, cigarette, pan masala, & churi replaced
Changes in the Finance Bill 2016
Rate of income tax in respect of income liable to tax for the assessment Year 2017-18The slab rate and rates of taxes are not changed for the Assessment year 2017-18. These are same as for the AY 2016-17, Which are as
Input service distributor - Concept simplified & scope widened
Introduction:-Budget 2016 has been introduced and it has bought some major changes in the Cenvat credit scheme by amending the Cenvat Credit rules, 2004. One such change has been introduced in the rule 7 which relates to the input service distributer
Service tax on Ocean Freight - Unsolved mystery
The article deals with the spin offs with respect to one of the proposed amendments in Service tax by Finance Bill 2016A. THE VALUATION ISSUEAs we know it today, the activity of transportation of goods by an aircraft or a vessel from a place outside
Budget 2016 - Direct and indirect taxes
INDIRECT TAXES : EXCISE, SERVICE TAX & OTHERS � KRISHI KALYAN CESS (KKC): New cess proposed @0.50% wef 01.06.2016. This shall be levied & collected as service tax on all or any taxable services on the value of such s
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