CAclubindia Articles

Synopsis of Union Budget: 2016-2017

Posted by Dr. Anand Wadadekar 29 February 2016 14888 Views

GENERAL:Finance Minister says: Govt. has to prioritize expenditure. Focus on the rural and social sectors, infrastructure and recapitalization of banks Agenda for next year is to undertake transformative measures based on 9 pillars for India - Agri

Magic of Mauritius route and double taxation

Posted by Gagan Deep Singh 29 February 2016 8481 Views

IntroductionWhen an Indian hear the word "Mauritius" first thing come in mind is beautiful seashore, natural beauty , rivers and Honeymoon package but Mauritius is also famous for Tax haven. Placed 180th in the list of largest countries

New Guidelines for TDS and Income Tax Challan Correction

Posted by CA Vap Patel 29 February 2016 16165 Views

A much awaited changes in challan correction mechanism finally arrived to its destination. Now bank can themselves correct the Income Tax and TDS challans without any restriction. No need to visit even to income tax officeChallan Correction Mechanism

Tax basics for Freelancers and Startups

Posted by Anand Satyapanthi 29 February 2016 6060 Views

Freelancers and Startups are the people who decide to take charge of their life and turn their passion into profession. So, they don�t have any authority or readily organised structure of company to be a part of. The freelancers and startups ma

7 - 7.75% growth in 2016-17: Key Highlights of the Economic Survey 2016

Posted by Bimal Jain 29 February 2016 6876 Views

Ahead of the Union Budget 2016, the Hon�ble Finance Minister Shri Arun Jaitley tabled today Economic Survey Report 2016 in the Parliament, outlin

Service tax leviable on any services provided by Government from 1st April 2016

Posted by Bimal Jain 27 February 2016 47824 Views

Dear Professional Colleague, Service tax leviable on any services provided by Government or Local Authority to a Business Entity w.e.f 1-4-2016 and issues thereinBackgroundPresently, in terms of Section 66D(a)(iv) of the Finance Act, 1994 (�the

Decoding of Budget 2016

Posted by Kanika Maheshwari 26 February 2016 23196 Views

It is that time of the year when the Finance Minister presents the annual Union Budget in Parliament. Come 29th February and all eyes will be glued to the television sets during the Budget speech. Analyzing the speech, however, may not be

VAT on Service Tax- a myth or reality

Posted by CS Priyanka Gupta 26 February 2016 19897 Views

y?The Indirect Tax structure in India is composed of a group of tax laws and regulations. It is levied upon different activities including manufacturing, sale, trading, services and imports. Wide range of Indirect

Know Your Budget - A key to Union Finance Budget Documents

Posted by CA.Sidhartha S Pillai 26 February 2016 13699 Views

This is Budget time again when Union Finance minister present

How do we prepare a Diagnostic Review Report?

Posted by Tulasi S Sastri 26 February 2016 10020 Views

As professional accountants, or as consultants or as internal auditors, when we receive any enquiry for an assignment, to know about the organization and to assess the possible scope of an assignment, we prepare a Diagnostic Review Report (DRR). Info