CAclubindia Articles

Company Secretary & Chartered Accountant - The Difference!

Manjit Banga 13 June 2013 at 12:01

For all those who are still confused about the difference between a company secretary and a chartered accountant: this article would help you in understanding the difference. Many people often get puzzled when they hear about these two terms. Well,

Best Practices - Reply to SCN

Madhukar N Hiregange 13 June 2013 at 12:01

The service tax law has resulted in a large number of disputes [ more than 1 lakhs + pending as on date] mainly due to the fact that the law is changing frequently and drafting has been seen to have many loose ends. The trigger happy attitude of so

Detailed analysis of new TDS Section 194IA

Manoj BG 12 June 2013 at 12:39

w.e.f 01/06/2013, new TDS section brought into effect for deduction of tax while making payment for purchase of immovable property other than agricultural land in rural area in India- Following are the conditions and operational mechanism- (1) T

Journey of my CA life

Vikash Maheshwari 12 June 2013 at 12:39

Writing about ones journey of life is never easy. You dont know where to begin and where to end. Life is full of precious moments and its a daunting task to recollect all the memories and express in words. Never though I attempt

Cenvat Credit on services of commission agents

Pradeep Jain 12 June 2013 at 12:38

CENVAT CREDIT ON SERVICES OF COMMISSION AGENTS: A COMMON ISSUE WITH CONTRARY DECISIONS Introduction: Cenvat Credit has been a highly sensitive issue since its inception. The assessees always attempt to avail credit of every possibl

A few aspects of applicability of Tax audit

CA CMA CS Ram Pavan Kumar Melam 12 June 2013 at 12:38

The voluntary tax compliance by the taxpayers considerably widened after the insertion of tax audit under section 44AB in the Income-tax Act, 1961 by the Finance Act, 1984. An important revision to Tax Aud

Place of Provision of Service - Including Issues

Madhukar N Hiregange 11 June 2013 at 12:11

Introduction Under earlier method of taxation (positive list based) the services which were provided in India were taxable, without any distinction of f

Civil Services - My Cup of Tea - Final Part

Gaurav Arya 10 June 2013 at 11:19

In my previous article Civil Services My Cup of Tea Part I, I had discussed the factors to be considered for decision making, myths and realities of civil services. We can comp

Exams over - Are you ready for your first job

Nimish Goel 10 June 2013 at 11:18

Exams over - looking forward for the first job - Are you ready? Exams are over and you are almost on the verge of becoming a Chartered Accountant One of the most coveted and highly respected degrees. For this degree, you have worked so hard

No disallowance of Input Tax Credit for merely not charging VAT separately in VAT invoice

Amit Bajaj 10 June 2013 at 11:18

Punjab VAT Tribunal in The 21st Century Builders and Engineers vs State of Punjab VSTI 2013 17 C-388 has held that input tax credit cannot be disallowed merely on the technical ground that VAT has not been charged separately in VAT invoice, when tax