CAclubindia Articles
Elaboration of functions of company secretary
{Section 205 of the Companies Act 2013}BACKGROUNDIn the modern corporate sector, the position of Company Secretary has gained critical importance. The significance has however evolved over a considerable period.Even earlier, the courts had held to th
Exemption for small scale units (SSI) under central excise
Meaning of Small Scale Exemption.Under the provisions of the Central Excise Act a Small Scale Industry is one whose aggregate value of Turnover does not exceed Rs. One Hundred and Fifty Lakhs made on or after the 1st day of April
Is it justified to collect service tax on penalty charged?
Telecom companies and Banks are charging service tax on late payment charges, Penalties, Penal interests, etc. If you credit card bill has a late payment charge of Rs.1000 on which Rs.140 will be charged as service tax. Service tax is to be charged
How to tackle with income tax notices
Many of my family members & friends are receiving notices from Income tax department; usually any communication from the Income Tax department, especially receiving a notice from them, can send shivers down anyone's spine. A majority of the n
Understanding of various IT Assessments
What is meant by Assessment? Assessment defined as �Assessment Includes Re- Assessment and checking return of income for confirming its correctness�.
Life is short, do what you want
As I write this blog post, my father is admitted in the hospital diagnosed with �triple vessel disease�. The doctors say all the three arteries in his heart are blocked and because the heart is not functioning properly, they cannot do an
Cash discount under Excise valuation - SC Judgement and its analysis
Dear All,In this article, I have discussed a recent judgement of the Supreme court and also shared my views / confusion in regards to the same. Request the readers to express their valuable views in this regard. Introduction:It is a common industry p
There is rate change 'Return Utility' - No more utility
Introduction:-“Online” - the most used word in modern world; whether it is a “person” or a “procedure”, everyone and everything is online now. Compliance procedures of most of the legal provisions have become onlin
Dreams turning to reality
Phase-1(CPT)1.Preparation daysI had earlier mentioned in my previous post that I had joined CA amidst so much difficulties and confusion about what to do next in life.It w
One life changing decision
CA!!! ARE YOU REALLY SERIOUS??? Yes..it was exactly what I heard when I asked about CA.It was an extremely tough period for me to decide which path to choose given the circumstances.I had been a decent student all throughout
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