CAclubindia Articles

Concept of Duty Drawback

CA Monalisa khuntia 14 October 2014 at 10:43

Concept of Duty Drawback-By CA. Monalisa Khuntia IntroductionDuty Drawback has been one of the popular and principal methods of encouraging export. It is a relief by way of refund/ recoupment of custom and excise duties paid on inputs or raw material

Impact of the Companies Act- 2013 and Rules on Statutory Auditors of Company Section- 139

CS Divesh Goyal 14 October 2014 at 10:43

APPOINTMENT OF AUDITOR,Section - 139 read with rules The Companies(Audit and Auditors) Rules, 2014Series-25.1 YOU MAY SEE THE FOLLOWING TABLE SHOWING THE RELEVANT PROVISIONS RELATING TO APPOINTMENT OF FIRST AUDITOR OF COMPANY. Wh

Service Tax Compliance under Reverse Charge - Proprietorship

Manoj Agarwal 14 October 2014 at 10:43

1. Freight paid/payable to Goods Transport Agency (GTA)1.1 When does an individual/proprietorship firm is liable to pay service tax under reverse charge?An Individual or a proprietorship firm is liable to take service tax registration and pay servi

TP Alert | Vodafone Case: Bom HC decoded applicability of TP

RAGHAV GUPTA 14 October 2014 at 10:42

Vodafone Case Summary: Bombay HC rules on the applicability of TP provisions to issue of shares to associated enterprises; holds share premium does not give rise to incomeSection 92(1) of the Income Tax Act (Act) states th

Issues in issue of Form C under CST Act 1956

Mahadev 14 October 2014 at 10:42

Issues in issue of Form C in CST Mahadev.RFollowing are the goods specified u/s 8(3) of CST Act 1956 in respect of which an interstate sale to a registered dealer is liable to tax at concessional rates i.e. 2% or state rate whichever is

Concept of Contemporaneous Documentation in Transfer Pricing

CA Deepanshu Bansal 14 October 2014 at 10:42

Contemporaneous documentation means information, records and other documents which exist or brought into existence at the time the taxpayer is developing or implementing any arrangement that might raise transfer pricing issues. It is important that

Life Learning Lessons From Tally

Rishit Shah 13 October 2014 at 11:14

Tally is commonly known to people as an accounting software which is widely used in India as well as abroad. But it is much more than just an accounting software. It is a complete package for managing a business and its allied operations. Well, I am

Reservations/ quota system do we need them?

Dhruv Nandani 13 October 2014 at 11:12

Just having read the topic, many of us may come to a conclusion that, NO there is no need for reservations, we believe in merit. Let people compete on merit, why shall someone be given preference at the cost of others. Let people be given equal oppor

"Tell me about yourself" interview question - Simple ways to follow

Nimish Goel 13 October 2014 at 11:12

OK. So tell me about yourself This seemingly simple question generally makes everyone sweat like a pig and can create a nerve-wracking situation for any candidate who is not prepared. Well, there is no need to panic since it is not at a

Be Careful - while making transactions in cash!!

CA Umesh Sharma 13 October 2014 at 11:11

Karniti Part 58 Be Carefulwhile making transactions in cash!! Arjuna (Fictional Character): Krishna, Today is 13th October last day for the promotion of Elections. In the chaos of election, crores of rupees were ceased. During this period Ele