CAclubindia Articles

Suggested answers of Indirect Taxes (CA-Final) for May, 2016 Exam

A study on income declaration scheme 2016

Posted by Mahendra Badjatya 20 May 2016 15928 Views

A STUDY ON INCOME DECLARATION SCHEME 2016The scheme is basically brought as a last opportunity to declare black money and the wealth to see a black money free economy in our country in the coming time. The scheme proposes reasonable taxation of 45 %

Refund of SAD

Posted by Baqar Abidi 20 May 2016 15690 Views

The intention of levying Special Additional Duty (�SAD�) of Customs also known as Counter Value Duty (�CVD�) U/s 3(5) of the Custom Tariff Act is to encourage domestic market and counter balance local sales tax/ Value Added Ta

Indian Economy Developing or Declining

Posted by Kishore 20 May 2016 5777 Views

In generally incremental GDP may give a notion that economy is growing healthily. However there is no principle stating to consider as economy is growing healthily. To understand whether GDP increase indicates th

Bonus shares - A shareholder's delight

Posted by Karan Sahi 19 May 2016 9887 Views

1. IntroductionOne thing which every shareholder across various Companies would dream for is receipt of Bonus shares. The word �Bonus� has a very positive connotation, implying something extra or some gains at no cost. Issue of bonus sh

KVAT: Settling the dust on the Input Tax issue

Posted by Rishabh 19 May 2016 11832 Views

The Value Added System of Taxation of Goods was introduced in order to address the issue of multiplicity of taxes and cascading effect of such taxes in the transaction chain. In the erstwhile single point taxation, goods which underwent any manufact

Deferred tax analysis

Posted by Member (Account Deleted) 19 May 2016 53565 Views

The concept of Deferred Tax is not a simple to understand and many get confused while applying it in the books. So, we shall try to go through simple and lucid manner to understand the whole concept and its application in the books through e

Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues

Posted by Bimal Jain 19 May 2016 14049 Views

The Union Budget, 2016, proposing flurry of changes in Indirect Taxes, has been a talk of the town since the day of its presentation. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later on May 11, 2016, the Finance Bill, 2016 was pa

How to identify a reliable financial advisor?

Posted by Ramalingam K 18 May 2016 5484 Views

How do you determine that your financial expert is actually providing you with genuine or fake advice?Can you easily trust any financial advice that you get?Are you sure,whether the financial advice you have received,will fill your pockets or your ad