CAclubindia Articles

Assessee cannot be denied credit for TDS on the ground of Form 26AS mismatch

Mukesh Lunawat 14 June 2014 at 11:58

Caselaw: Rakesh Kumar Gupta vs. UOI (Allahabad High Court)(WP No 657 of 2013) Background The assessee filed a return in which he claimed a refund of Rs. 2.32 lakhs on accoun

Willful - Deliberate Failure to Failure to ITR

Nikhil Kaushik 13 June 2014 at 16:57

Application of 276CC to Willful and Deliberate Failure to File Income-tax ReturnsIssueIn past one year, many assesses have received notices from Income-tax Department (Department) for non-filing of tax returns for earlier tax years such

Reversal of Input tax credit on sale of by products

Jaswinder Singh Bedi 13 June 2014 at 16:57

Reversal of Input tax credit on sale of bye products amounts to double taxation and also exceeds the outer limit of taxability prescribed under the Act Specially in Sheller Trade which is clear cut violation of Article 286 of the Constitution of Indi

All About Related Party Transaction

CA Gaurav Mittal 13 June 2014 at 16:57

SECTION 188 RELATED PARTY TRANSACTION Section No - 188 of Companies Act 2013About - Related Party TransactionsApplicable on - Private and Public limited comp

Report on AGM

CS M.Kurtrala Nathan 13 June 2014 at 16:56

Introduction:Section 121 of the Companies Act,2013 and Rule 31 of Companies (Management and Administration) Rules,2014 deals with Report on Annual General Meeting. This is the new provision introduced by the Companies Act ,2013, which mandates the re

CSR as per Companies Act, 2013

NILESH PATEL 12 June 2014 at 11:51

Key Highlights on Corporate Social Responsibility under Companies Act, 2013Abbreviations:1. CSR Corporate Social Responsibility 2. CSRP Corporate Social Responsibility PolicyImportant Points:1. CSR committee needs to be constituted if

Transfer of Right to use and Software Licensing

CA. SRIKANTHA RAO T 12 June 2014 at 11:51

By CA Srikantha Rao TThe introduction of the category of Information Technology Software Service as a taxable service category u/s 65(105)(zzzze) of Chapter V of Finance Act 1994 with effect from 16th May 2008 led to issues regarding the taxability o

Extra Charges on Restaurant Bill

CA Prashant Gupta 12 June 2014 at 11:51

Have you ever noticed that when you go to a restaurant and place order; you calculate the expected bill amount in your mind: But when the bills comes it is more than you expectation. I am sure it happens with all of u

Plan your minutes and hours/days will be automatically planned

CA Neha Bhuwania 11 June 2014 at 11:29

Time management is the most critical element of a student. Coming to think of it practically, the term looks simple and often heard of, but undoubtedly is hard to apply. A simple example would mean you could easily spend your time watching a movie fo

Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer

Amit Bajaj 11 June 2014 at 11:29

The system of VAT was introduced in the sales tax law to bring more transparency, efficiency, to remove tax cascading etc. The difficulties which may arise in any system comes to picture only when the system is practically implemented. One of the ma