CAclubindia Articles

VAT on Service Tax Part of Billing

Posted by Pankaj Gandhi Jaiswal 14 March 2016 42593 Views

VAT on Service Tax Part of Billing Section 2 (25 ) States(25) 'sale price' means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum charged for anything done by the seller in respect of t

Restructuring Corporate Laws & Management in India

Posted by CA Pradeep Garg 14 March 2016 5912 Views

Dear Professional collegues,Out of my industrial experience of 30 years besides having completed CA & CS, I want to share my experience with all concerned and suggest the change/ammendments in the area of corporate laws that will streamline the l

Benefits of creating a HUF

Posted by CA Bhavin Shah 14 March 2016 15162 Views

HUF - Total Basic Idea for Businessman / Estate PlannerWHAT IS A HINDU UNDIVIDED FAMILY?1. In general, HUF means a body of persons lineally descendant from a common ancestor including their wives and unmarried daughters, who are staying jointly.2.

Transfer pricing: An introduction

Posted by sushantca 12 March 2016 13059 Views

Transfer pricing:� Selection criteria for TP audits - Aggregate value of international transactions is INR 15 Crores or more� Cases with international transactions amounting to lower than this threshold are picked up on the basis of judgmen

Perfunctory Provision For Postal Ballot Notice

Posted by Yogina 12 March 2016 5418 Views

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

Posted by CA Manish Jathliya 12 March 2016 6591 Views

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

Posted by CA Tejas Andharia 12 March 2016 9500 Views

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

Posted by Ashish Chaudhary 12 March 2016 7429 Views

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

Posted by SANDIP SARKAR 11 March 2016 16687 Views

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

Posted by PAWAN KUMAR KEDIA 11 March 2016 34671 Views

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