CAclubindia Articles

Service Tax implication on Real Estate transactions

Guest 29 November 2013 at 11:27

APPLICABILITY: With the introduction of the negative list concept since July, 2012, the scope of applicability of Service tax has increased manifold. Today, there is Service tax implication on almost every sector, and real estate is no exception. A s

MVAT Audit 2013 - Approach & Important Issues

Guest 27 November 2013 at 11:26

Applicability of audit under MVAT Act, 2002 To whom audit is applicable? As per Section 61(1) of the MVAT Act, 2002, audit is applicable to: A dealer who is liable to pay tax and his turnover, either of sales or purchases, exceeds Rs. 6

Enforcement & Prosecution under the Companies Act, 2013

CS DHANAPAL 27 November 2013 at 11:26

PROSECUTION AND ENFORCEMENT ARCHITECTURE UNDER THE COMPANIES ACT 2013 FOREWORD The Companies Act 1956 contains more of general penalty provisions under Section 629A. Certain penal provisions provide for imposition of penalty of fine as well as penalt

Different Committees as per the Companies Act, 2013 - Part II

Vandana J Doshi 26 November 2013 at 11:31

Hello Friends,Thanks a lot for your warm response and motivating comments on my previous article. After a brief look into the Corporate Social Responsibility Committee in the previous article (click here), we will take a look into another Committee-

Karniti Part-12: Income of Trusts, then follow & trust Indian law

CA Umesh Sharma 26 November 2013 at 11:31

Finance and Income Tax of Charitable TrustsLet us try to get answers to our questions in a bit different and joyful manner. The fictional character of Arjuna will be played by the common man or tax payer and the fictional character of Krishna the Exp

A Brief Analysis on Safe Harbour Rules

Sagar Tilak 26 November 2013 at 11:31

Background The tax litigation relating to Transfer Pricing has been the area of concern for the assessees as well as tax authorities. The determination of Arms Length Price (ALP) covers not only financial but also the economic analysis of the

Insistence with Companies Act 1956: A Step Backward

Arijit Ghose 26 November 2013 at 11:30

The November 18th announcement made by ICAI seeking attention of those appearing for Nov, 2014 is definitely a step backward. After the entire Hullabaloo, post November 5th when CA final students were shell shocked to find themselves staring at the P

Dealing in Bonds - Practical Aspects

CA Chiranjiv Kumar 26 November 2013 at 11:30

What are bonds?Bond is a debt security in which the holder is paid interest at regular interval till maturity and the principal amount at the same date. You can think it as an IOU (I Owe You) given by the issuer to the lender.How interest is paid?Gen

Service Tax on GTA - A Guide

Manoj Agarwal 26 November 2013 at 10:53

1. Service Tax - Introduction It is quite surprising to know that unlike other central taxation laws like Central Excise Act, 1944; Customs Act, 1962; Income Tax Act, 1961; Central Sales Tax Act, 1956; etc; there is no specific act like Service Tax A

Calculation of Tax Exemption on LTA

T E Gautham 25 November 2013 at 12:19

In an earlier post we looked at the conditions governing tax exemption on leave travel allowance (LTA). In this post we will look at the calculation of the tax exemption amount. As mentioned in the earlier post, the exemption is available only on tra