CAclubindia Articles

Service Tax Amendments - Budget, 2014

Posted by Lalit Kumar Gupta 18 July 2014 188717 Views

AMENDMENTS IN SERVICE TAX BUDGET, 2014Service Tax changes and proposals are categorized in below manner:-1. Negative list of services2. Mega Exemptions Notification No. 25/2012-ST3. Notification No. 26/2012-ST4. Notification

Highlights of Budget - Finance Bill, 2014 - PART - II

Posted by Member (Account Deleted) 18 July 2014 21442 Views

For Previous Article PART -I Click Here PART - II**Capital Gains Tax Definition of Short term Capital asset Section 2(42A) Section 2(42A) has been amended to provide that securities (other than a listed security), listed or unlisted units and

Past Year Cenvat Credit - Last Chance?

Posted by Madhukar N Hiregange 18 July 2014 19675 Views

Revenue Augmentation by Way of Cenvat Credit Restrictions[ Past Credit Availment Last Chance? CE/ ST]CA Madhukar N HiregangeExcise duty collections are expected to be about Rs. 2 Lakhs crores and Service Tax collections about 2.2 Lakh

Section 51, Monies Forfeited Characterized With Other Sources

Posted by riddhi vasistha 18 July 2014 14533 Views

Finance bill 2014 has proposed to enhance the area of section 51, Forfeiture of advance money received in process of transferring a capital asset. The modification will elevate tax collec

Time limit on Claiming CENVAT Credit: Major Implication

Posted by Ankit Bidasaria 18 July 2014 25850 Views

Rule 4 of the CENVAT Credit Rules, 2004 (CCR) provides the conditions for availment of credit. Amendment rules inserted a new proviso after the second proviso in Rule 4(1). The new proviso shall be inserted with effect from first day of

Why tax practitioners bill required in India

Posted by BSKRAO 18 July 2014 25706 Views

(1) Below are the accounting bodies of various countrys world over on date, In spite of this, they have separate bodies/legislation for regulation of tax professionals. Reason being, situation similar to that of latest Supreme Court verdict in

Fund Raising Under Companies Act, 2013

Posted by CA Gaurav Mittal 18 July 2014 20050 Views

Under Companies Act,2013 A company can raise funds via 3 means :- Deposits. Loans. Capital. The Deposits and loans has already been discussed earlier in other Blogs Deposits : - A

Analysis on Acceptance of deposits under Companies Act, 2013

Posted by CA RAVI CHHATWANI 18 July 2014 29609 Views

Chapter VAcceptance of Deposits by Companies Prohibition on acceptance of deposits from public.Sec 73(1) After commencement of this Act, Company has to invite, accept or renew deposits in manner as provided in this chapter. Provided

New Development Bank (BRICS Development Bank)

Posted by Nikhil Kaushik 18 July 2014 16244 Views

New Development Bank(erstwhile Brics Development Bank)The term BRICS, coined by economist Jim ONeill today reflects in the newest socio-economic bloc on the ever increasing bi-lateral and multilateral arrangements on the global map. Earlier r

Highlights of Budget - Finance Bill, 2014

Posted by Member (Account Deleted) 17 July 2014 36917 Views

PART - I ** Announcements Not to ordinarily bring about any retrospectively. Instead of tax officers, High Level Committee to scrutinize indirect transfer cases covered by retrospective amen