CAclubindia Articles

Reassessment and revision period extended in Haryana VAT

Posted by CS Priyanka Gupta 18 August 2015 17730 Views

Recently, Haryana Value Added Tax, 2003 has been amended vide Ordinance issued by the Governor dated 31.7.15 published vide Notification No Leg. 9/2015 dated 3rd August 2015. The concerned amendment is effective with effect from 3rd August 2015. The

3 principles of life decoded from 3 accounting principles

Posted by Author CA Vikram Verma 18 August 2015 11066 Views

I was thinking about life and tried to understand it. No one actually could, nor was I, hence, LOST. I got back to work, the endless accounting work.One thing struck my mind immediately, while I was preparing financials. What is Accounting?The answer

CSR - Some Concerns

Posted by Dilip K Raina 18 August 2015 4640 Views

With the passage of companies� act 2013 a mandatory responsibility under section 135 was cast on companies to spend 2% of the net profit as calculated under section 198 of the companies act on the activities listed therein and being social in n

Service Tax in India: Brief History and Meaning of 'Service'

Posted by CA JaiKishan 17 August 2015 7847 Views

Brief History:The Service Tax was introduced in India around 21 years back on July 1, 1994 at the recommendations of Dr. Raja Chelliah Committee on tax reforms. The introduction of this levy in India can be termed as milestone in Indian Tax history.T

Kabaddi between taxpayer and income tax! Enjoy it!

Posted by CA Umesh Sharma 17 August 2015 7276 Views

Karneeti Part 111 Kabaddi between taxpayer and income tax! Enjoy it! Arjuna (Fictional Character): Krishna, Nowadays interesting matches of Pro-Kabaddi are going on. This is the second year of Pro-Kabaddi Match Series. The game of kabaddi is gaining

I still took 9 attempts to pass

Posted by Rahul 17 August 2015 24617 Views

Nameste & Hello my dear freinds.This is the first time i am writng anything on a public platform, so pardon me if my content is not interesting enough.There are a lot of students who wish to be a Chartered Accountant and many of them fail, actual

Incorporation of Limited Liability Partnership

Posted by Sneha 17 August 2015 8853 Views

IntroductionLimited Liability Partnership (LLP) is a separate legal entity which has the benefits of �Limited Liability�. It is governed and registered under the Limited Liability Partnership Act, 2008 and the rules made thereunder. Sm

An overview on XBRL

Posted by Parth Sharma 17 August 2015 7692 Views

What is XBRL eXtensible Business Reporting Language (XBRL) A more advanced form of XML. (XML reporting is already being used by the Income-tax Department in India.) It is a revolutionary format for financial reporting process for both preparers and

Cenvat Credit of Input Services up to Place of Removal

Posted by Manish K.Gandhi 17 August 2015 19439 Views

Cenvat Credit of Input Services up to Place of Removal: Whether Circular dated 20.10.2014 and 28.02.2015 ultra vires provisions of Cenvat Credit Rules� 2004? CBEC vide Circular No. 988/12/2014-CX dated 20.10.2014 intimated insertion of definiti

Tax Planning in Service Tax

Posted by Madhukar N Hiregange 17 August 2015 35938 Views

IntroductionService tax concepts have undergone drastic changes from the day of its introduction. It all started with 3 services. Now it is very hard to find a service which is not liable for service