CAclubindia Articles

Principal of neutrality in taxation in GST

Posted by ARPIT HALDIA 17 February 2016 9871 Views

In the previous article, it was discussed in detail that what is meant by Principle of Destination and Origin Based Taxation and how they work. In this article I would dwell upon another key aspect of taxation i.e. Principle of Neutrality in Taxation

Service Tax implications on Land Development Agreements between landlord and developers

Posted by Ravi Kumar Somani 16 February 2016 11590 Views

In case of a Real estate and construction industry, where due to various political and economical reasons we have seen that there is a sharp downturn being noted in the sale of residential and commercial construction projects irrespective of fact tha

Now wait for Only 45 days for VAT Refund?

Posted by CA Umesh Sharma 16 February 2016 14620 Views

for VAT Refund? Arjuna (Fictional Character): Krishna, Sales Tax Department has issued the circular of granting of VAT Refund within 45 days, what is it?Krishna (Fictional Character): Arjuna, MVAT

Customs Valuation - Significant amendments in SVB procedures

Posted by Yash Goyal 15 February 2016 13867 Views

Dear readers,There has been a significant change in the import procedure to be followed in case of imports from related parties. I have discussed the said change in this article. Trust the same is useful for reference. Customs Valuation - Significant

Cenvat credit admissible on services of sales commission agent

Posted by Bimal Jain 15 February 2016 8498 Views

Cenvat credit admissible on services of sales commission agentBackground:Even though the definition of �input services� given under Rule 2(l) of the Cenvat Credit Rules, 2004 (�the Credit Rules�) covers the services of sales p

Registered valuer: A helping hand to the company

Posted by CS MOHIT SALUJA 15 February 2016 7681 Views

The word �REGISTERED VALUER� has got utmost importance under the companies Act, 2013. It almost covers the 15 areas of the act. In this article, I have tried to elaborate the areas and the valuation of reporting by the Registered Valuer.S

What is Advance Tax and how to calculate and pay Advance Tax?

Posted by Anand Satyapanthi 15 February 2016 24126 Views

What is Advance Tax?Advance Tax is part payment of your tax liability before the end of the financial year. It is also called pay as you earn scheme where the income tax should be paid in the year in which the income is received.Who is required to pa

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Posted by chirag gupta 15 February 2016 7696 Views

This act deals with the problem of black money i.e. undisclosed foreign income & assets, procedure for dealing with such income and assets and to provide for imposition of tax on any undisclosed foreign income and asset held outside India and for

Temporary Renting of Garments - Indirect Tax Implications

Posted by Nimish Goel 15 February 2016 7469 Views

In an era of zealous consumers wanting everything at the drop of a hat, we see a number of new start-ups mushrooming everyday with their unique and ingenuous ideas. We recently met the founderts of one such start-up (�Company�) that made

Complete Guide To Filing Appeals Before CIT(A)

Posted by CA Vap Patel 15 February 2016 18711 Views

(1) By 31st March, 2016, in addition to the numerous reopened assessments, Assessing Officers (AOs) shall finalise scrutiny assessments under section 143(3)/ 144 of the Income-tax Act, 1961 (the �Act�) for Assessment Year (AY) 2013-14, an