CAclubindia Articles

Major impact of budget 2014 on CENVAT credit

Mahadev 11 July 2014 at 19:04

Major impact of budget 2014 on CENVAT CreditAs most of the readers would be aware, the honourable finance minister has presented the budget 2014 on 10th July 2014. In this article, I would like to focus on few changes in cenvat credit provisions. Eve

Budget 2014: Impact on numbers that matter the most

Satvir Singh 11 July 2014 at 15:51

Now, that maiden budget of Modi govt has been presented, one may call it a good budget considering the circumstances or an over-hyped budget that lacked big ideas. Here we will not form any holistic opinion on the budget, rather we will discuss its i

Non Commercial entities- Still not in Service tax ambit

Pradeep Jain 11 July 2014 at 15:50

With the coming up of new government led by Mr. Naredndra Modi, came new hopes. The hopes for a better India once again dawned in the hearts of the people. The much talk

Budget 14 proposals for individual taxpayers

CMA Ramesh Krishnan 11 July 2014 at 11:58

Union Budget Direct tax proposals - an Individual Point of viewIntroduction: Union budget-2014-15 presented by the Finance Minister today. New Government has presented this budget with facing several challenges like economic growth, GDP, Inf

Mandatory Fixed Pre-Deposit: A sign of relief to Appellants?

Pradeep Jain 11 July 2014 at 11:58

INTRODUCTION:- Filing of appeal is a mechanism available to the assessees who are aggrieved by the orders passed by the adjudicating authority or the higher appellate authorities.

Service Tax, Excise and Custom Changes in Budget 14

Bimal Jain 11 July 2014 at 10:58

Bimal JainFCA, FCS, LLB, B.Com (Hons)Mobile: +91 98106 04563; E-mail: bimaljain@hotmail.comDear Professional Colleague,The Union Budget, 2014 presented by the Finance Minister today is promising on buildingconsumers confidence, investor

The SUPER Budget: Analysis

CA Gaurav Mittal 10 July 2014 at 21:30

SUPER BUDGET ANALYSISKEY HIGHLIGHTS1) Fiscal Deficit targeted at 4.1% for 2014-15 and to bring it to 3% by 2016-17.2) GST to be introduced by the year end.3) No retrospective amendments by this Government.4) A new committee under

Taxation Aspects of Union Budget 2014

CA UMESH DULAL 10 July 2014 at 21:29

Income Tax Provision of Advance Tax Ruling applicable to Residents. Scope of Income Tax Settlement Commission widens. Basic limit of Exemption increased to 2.50 lac. In case of Senior Citizen, it is increased to 3.00 lac. No changes of Income Tax rat

Service Tax Budget Changes 2014-15

Akshay Garg 10 July 2014 at 19:22

Sale of space or time for advertisements on segments such as internet websites, out-of-home media, on film screen in theatres, bill boards, conveyances, buildings, cell phones, Automated Teller Machines, tickets, commercial publications, aerial adve

Direct and Indirect Tax Proposals in Budget 2014

Guest 10 July 2014 at 16:50

DIRECT TAXES PROPOSALS: Personal Income-tax exemption limit raised by ` 50,000/- that is, from 2 lakh to `2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from ` 2.5 lakh to ` 3 lakh in the case o