CAclubindia Articles


Draft exemption notifications on private limited company

  CA Nitesh Kumar More    05 December 2014 at 10:50

1. Comments: In case of Private Ltd Companies, its holding, subsidiary or an associate company or other subsidiary of its holding company will not be treated as related party. Chapter I, sub-clause (viii) of clause (76) of section 2 shall not apply



Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity

  Bimal Jain    04 December 2014 at 11:01

Dear Professional Colleague,Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity and accordingly whatever tax has been paid by Assessee on Inward Transportation service is entitled for Input Service credit We are sh



What to do after Exams? (Part -2)

  SANYAM ARORA    03 December 2014 at 11:49

Greetings of the day to all the members of CCI Family. First of all I would like to thanks each member of CCI for such an amazing response to my previous part i.e. What to do after exams? The link of the first part is given as



AS 17 Segment reporting (An Overview)

  Narayanan    03 December 2014 at 11:48

Why is it required ?For a clearer understanding of the performances of segments.Scope :For General Purpose Financial Statements or Consolidated Financial Statements. If Financ



What you should know about GST

  CA Sagar Khubchandani    03 December 2014 at 11:32

If there is most discussed and delayed tax reform in India,it is GST (Goods and Service Tax).Although many are aware of what GST is all about and advantages associated with it, there are still latent facts which you may not be aware of.We will discus



Mistakes which I had done, one should not do

  Madhusudan Kabra    03 December 2014 at 11:32

I am writing this article especially for students of ICAI, ICSI, ICAI (CMA). This article is summarization of what strategies I had made while preparing for CA examinations, which my friends havent applied and later on suffered a lot particula



Foreign exchange fluctuation treatment in income tax

  Gagan Deep Singh    02 December 2014 at 11:00

As we know todays world is dominated by globalization in which geographical boundaries of business houses has spread beyond its countries also. As a consequence of which, exchange fluctuation



Update on Indirect Tax - Service Tax and Excise for the month of Dec 2014

  TARUN KUMAR GUPTA    02 December 2014 at 10:59

A. Service Tax 1. Service Tax payment for the month of November, 2014 is due for payment on 6th December, 2014 for assesses excluding Individual, Proprietary Firm, Partnership Firm or LLP. It is now mandatory for all assesses w.e.f. October 1, 2014,



Whether security provided by government to Tea Plantation owners in Assam in order to protect from terrorists liable to ST?

  CA Nischal Agarwal    02 December 2014 at 10:59

McleodRussel (India) Limited having its registered office at 4, Mangoe Lane, Kolkata has tea plantations in the state of assam and the area is highly volatile and acts of vandalism being carried out by terrorists. The consortium of tea plantation own



Profit on sale of carbon credit is not taxable receipt

  Deepak Bansal    02 December 2014 at 10:59

Reliance in this regard can be placed on the decision of Hon’ble ITAT Bangalore in case of M/s SubhashKabini Power Corporation Limited vs. CIT (ITA No 258/Bang/2014) pronounced on 28th November 2014 wherein the Commissioner taking cognizance of




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