CAclubindia Articles

Registration under GST? An overview

Posted by CA Prakhar Jain 14 December 2015 23543 Views

The platform seems to be all set for the launch of the most awaited tax reform in India. It is a unanimous opinion that if the Goods and Service Tax law is implemented, it would directly benefit the economy to a large extent. The Modi government too

Promoter: A debatable word

Posted by Deep Vaghela 14 December 2015 6577 Views

Literal Meaning As per Oxford Advanced Learner�s Dictionary, Promoter means a person or company that organizes or provides money for performance or an event. Promoter is a person (natural or artificial) who tries to persu

Understanding Section 54

Posted by Tony John 14 December 2015 21790 Views

Capital gains is one of the most complicated heads of income envisaged in the Income Tax Act, 1961.Capital gains tax directly affects the investment decisions one may have to take. There are various options available under law to avoid paying capital

7 reasons behind your mutual funds' poor performance and how to overcome them

Posted by Ramalingam K 14 December 2015 7993 Views

Have you ever heard anyone say his or her mutual funds proved worthless, or he/she has lost money in the same? One might also experience times where their investment in a mutual fund was a major disappointment. Pertaining to these scenarios, we may c

Confusion for Cenvat Credit on Swachha Bharat Cess

Posted by Manish K.Gandhi 12 December 2015 12458 Views

After implementation Swachha Bharat Cess ( hereinafter referred as SBC for the sake of brevity), there is confusion in the trade, industry, service provider and also in the consultants whether Cenvat

Guide to Foreign Contribution (Regulation) Act, 2010(FCRA)

Posted by Shivashish 12 December 2015 13778 Views

Guide to Foreign Contribution (Regulation) Act, 2010(FCRA)Legal Objective of the Act: To regulate the acceptance and utilisation of FC/donations or foreign hospitality by certain individuals or associations or companies; and To prohibit acceptance an

Changes introduced by Delhi value added tax (third amendment) act, 2015

Posted by CA Prateek Garg 12 December 2015 7165 Views

Delhi Government introduced the Delhi Value Added Tax (Third Amendment) Bill 2015 in the Delhi Legislative Assembly on 4th December 2015 and passed it on the same day. 1. SHORT TITLE, EXTENT AND COMMENCEMENT.(i) This Act may be called the Delhi Value

Have you stress tested your personal finances

Posted by Ramalingam K 11 December 2015 7023 Views

What do we mean by the term stress testing?Stress testing is about demonstrating how a particular process balances in a condition, when you try to push the same beyond its usual operations. We can also state the same about a stress test in other wo

Software - A tussle between VAT and Service Tax

Posted by CS Priyanka Gupta 11 December 2015 17478 Views

In the current high-tech era, information technology has become an indispensable part of our life. India, being an IT hub, this fast growing industry is a major source of revenue. Hence, it becomes vital to assess the taxability of proceeds generated

Interpretation of amendment in Rule-7 (DVAT Rules 2005)

Posted by CA Arindam Shukla 11 December 2015 8136 Views

Amendment of rule 7. - In the Delhi Value Added Tax Rules, 2005. Amendment: - . (i) In sub-rule (I), in clause (b)', the following proviso shall be inserted, namely:- "Provided that in case of cigarettes (irrespective of form and length)