CAclubindia Articles

Import of goods at concessional rate of duty - Procedure simplified with a demerit

Posted by Pradeep Jain 05 March 2016 8851 Views

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

Posted by ROHIT 05 March 2016 6512 Views

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

Impact of Budget 16 changes in Service tax and Excise on Builders

Posted by Ajay Chandramouli 05 March 2016 12573 Views

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

Posted by Pradeep Jain 05 March 2016 5641 Views

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

Posted by pawan tewari 05 March 2016 10817 Views

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

Posted by CA Ashutosh Khaitan 05 March 2016 5060 Views

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

Posted by CA Prateek Garg 05 March 2016 7891 Views

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

Checklist and Procedure for Allotment of Shares for FDI in India

Posted by Vishal mishra 05 March 2016 31117 Views

This is a checklist of documents and procedure required to allot foreign shares to an Indian company after receiving FDI in India complied and arranged from internet only updated upto March 03, 2016. Procedure of FDI in India under Automatic

Major points of Union Budget 2016

Posted by CA Satish Badve 04 March 2016 9239 Views

The Hon. Finance Minister presented his budget 2016 on 29.02.2016.The budget can be categorized as;a) Major Steps i.e. bold initiatives.b) Continuance Steps with some changes.c) Minor Steps like cosmetic or announcement purpose.d) Failed Steps Uncall

Import of goods by vessel - Budget, 2016 made it expensive!!

Posted by Pradeep Jain 04 March 2016 4216 Views

Introduction:-Budget 2016 has been introduced and with it has come many amendments and changes in the law. One such change is with respect to the services by way of transportation of goods by an aircraft or a vessel. The amendments made in it are eff