CAclubindia Articles

Taxes on Petroleum Products: A convenient cash cow

Posted by CA. Rajvir Bhatnagar 22 December 2015 15385 Views

Petroleum under GST regime:The Constitutional Amendment Bill on Goods & Services Tax (GST), recently cleared by the Cabinet provides that petroleum & petroleum products viz. petroleum crude, high speed diesel, motor spirit (petrol), natural g

GST Payment - Online or Manual?

Posted by CA Raman Singla 21 December 2015 22925 Views

One more Report of Joint Committee dated April 2015 was issued to give clarity on the issues relating Goods and Service Tax Payment.It is said that more the system and procedures are made electronic more is the efficiency of tax administration and gr

Do you actually need a Financial Planner or do you believe in "doing it yourself"?

Posted by Ramalingam K 21 December 2015 10477 Views

Understanding the �Do It Yourself� technique No matter whether you are working out, dieting, curing any of your simple health issues, constructing your house, or considering money management � all these have two approaches to get th

Changes introduced in procedures related to furnishing of Form 15CA and 15CB

Posted by CA Prateek Garg 21 December 2015 24216 Views

CBDT vide its notification no 93/2015 dated 16th December 2015 substituted the old rule 37BB with entirely new rule 37BB. The new rule 37BB incorporates the following procedures for furnishing of declarations on foreign payments. FURNISHING OF FORM 1

Chaos in appointment of auditors under CA,2013

Posted by ANMOL JHA 21 December 2015 16396 Views

Section 139(1) relating to appointment of auditor is widely misunderstood.After coming into force of the Companies Act,2013, many companies including big listed companies and many auditors and Company Secretaries have started to follow the provisions

Notable Changes in Form 15CA and 15CB

Posted by Gaurav Jain 18 December 2015 102310 Views

The CBDT has amended Rule 37 BB of the Income-tax Rules and made notable changes which are as under:i. No Form 15CA and 15CB will be required to be furnished by an individual for remittance which do not requiring RBI approval under its LRS.ii. Furthe

The Fed's rate hike and Resilient Indian Economy

Posted by Vishal malhotra 18 December 2015 11140 Views

And the rates are hiked�..as expected and the way most predicted- nominal, indicating further hikes at a gradual pace.The US Federal Reserve for the first time in almost a decade increased the benchmark rate for federal funds by 25 basis point

Discussion on Value Added Tax, Karnataka

Posted by SANTHOSH. ASHOK 17 December 2015 29517 Views

Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT. Haryana was the only State to introduce VAT w.e.f. 1-4-2003. About 21 States have introduced VAT (though in diluted form) w.e.f. 1-4-2005. These inclu

Eligibility of Cenvat credit on Catering services

Posted by Ravi bihani 17 December 2015 18496 Views

The definition of �input service� under Cenvat Credit Rules, 2004 has been amended drastically w.e.f. April 2011 and because of such amendments, majority of interpretations and settled posi

Non-Convertible Debt Securities & Non-Convertible Redeemable Preference Shares

Posted by CS Divesh Goyal 17 December 2015 13783 Views

Securities and Exchange Board of India (�SEBI�) in terms of power conferred under SEBI Act, 1992 notified Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (�Listing Regulatio