CAclubindia Articles

Qs & As on the proposed New Tax Regime for REITs and InvITs

Nilesh Patel - CPA (USA), IRS 28 July 2014 at 11:51

The legendary Counsel Shri Soli Dastur recently on 14th July 2014 presented his illuminating analysis of the Direct Taxes proposals of the Finance Bill, 2014 (the recent Budget) at the Lecture Meeting organized by Bombay Chartered Accountants Society

Levy of ST on works contract entered prior to 1.06.2007

Harsh Gadodia 26 July 2014 at 12:25

Works contracts means a contract wherein there is a transfer of property in goods involved in execution of such contract is leviable to tax as sale of

Circular for Input Service Distributor

Pradeep Jain 26 July 2014 at 12:24

Circular for Input Service Distributor: Ate, drank absolutely nothing, and broke the glass worth twelve cents INTRODUCTION: There may be more than one factory registered under Central Excise and running under the same management. In order to facili

Changes made by Finance(No.2) Bill,14 passed by Lok Sabha

CA Nitesh Kumar More 26 July 2014 at 12:23

Changes made by Finance (No. 2) Bill, 2014 as passed by the Lok Sabha 1. Unlisted securities and units of MF transferred between 1-4-2014 and 10-7-2014 shall be deemed to be long-term capital assets, if held for more than 12 months: It is propo

Relief for Pvt Co - Advance Ruling Mechanism made available

Nikhil Kaushik 26 July 2014 at 12:23

Established under Section 245-O of the Income-tax Act, 1961, Authority of Advance Ruling has served as one of the most stable mechanism for tax planning and compliance for Non-re

Checklist for Action Points under Companies Act, 2013

Ankur Garg 26 July 2014 at 12:23

Checklist for Action Points under Companies Act, 2013 Dear professional Colleague, Please find enclosed herewith a checklist under Companies Act, 2013 for your reference and record purpose. However this checklist is not an exhaustive one but I am ver

Applicability & procedure of service tax under reverse charge

CA Navin Jain 26 July 2014 at 12:23

CA Navin JainEmail:- cajainnavin@gmail.com We have a attempt to prepare synopsis on applicability & procedure of service tax under reverse charge. Hope it would be helpful for you. If any clarification is required, please fell free to contact me

Proposed Section 35F - Implications & Queries

Anandaday Misshra, Advocate 25 July 2014 at 13:20

The proposed Section 35F compels an assessee to have endless thoughts and hence I have tried to deal with some of them as below: Query 1(a) Whether an assessee is supposed to file a stay application along with an appeal before CESTAT? Answer: Yes, it

Amendment in section 35E - Achhe din for Revenue

Pradeep Jain 25 July 2014 at 12:38

Introduction:- Dispute was going on the issue whether the first Appellate Authority or Tribunal can condone delay for late filing of review order under Section 35E(1) or not? As per Section 35E the Committee of Chief Commissioners is empowered to rev

Punitive Provisions relating to Statutory Auditors Under Companies Act, 2013

CS DHANAPAL 25 July 2014 at 12:38

Companies Act, 2013 seems to have laid lot of emphasis on audit which is evident from the fact that it has prescribed four different kinds of audits for companies, namely, Financial Audit, Internal Audit, Secretarial Audit and Cost Audit. In its purs