CAclubindia Articles

Importance of Company Secretary in the Organization

Manjit Banga 18 April 2013 at 13:55

A company secretarys role in a company is very important. Apart from acting as a link between the board of the organization and the various stakeholders, government and other regulatory authorities, he/she also carry out all the duties like m

Analysis | Domestic Transfer Pricing

Bhanu Prakash Rao 17 April 2013 at 12:38

Domestic Transfer pricing Widening of scope of Section 40A(2), Transfer Pricing regulations to apply to domestic transactions, (Applicable for the AY 2013-14) Under Section 40A(2) of Income Tax Act, 1961 in case of any transaction with a rela

Whether ST payable on erection of pandal or shamiana

Bimal Jain 17 April 2013 at 12:38

Whether Service Tax payable on service provided by way of erection of pandal or shamiana The Central Board of Excise and Customs (the CBEC) vide Circular No. 168/3/2013, dated April 15, 2013 has issued clarification on following issue

Is Gross receipt professional income of CA

Rupesh Srivastava 17 April 2013 at 12:38

On 12th April 2013 ITAT bench held that CA professional income, the service tax realised should have been included in the gross receipts unless paid to Government exchequer within the due date of filing of return. Further ITAT rejects assessee clai

Provisions relating to One Person Company

Rupesh Khokle 16 April 2013 at 12:57

Definition [Section 2 (62)] - One Person Company means a company which has only one person as a member. Formation of company & Memorandum [Section 3 & 4] - A person by subscribing to memorandum can form a company ca

Waiver of Interest and Penalty under Amnesty Scheme

Vishal 16 April 2013 at 12:57

Service tax has always been regarded as a tax of the future and is emerging as one of the major source of revenue for the Government. At the same time, the service tax law has been regarded as most complicated law and generated huge litigation.

How to Maintain Positive Attitude

Member (Account Deleted) 16 April 2013 at 12:53

Is maintaining a positive attitude easier said than done? There are many times in our lives when putting on a smiley face is not easy and it may not even be what we want to do at that moment. Think of when someone annoys you and you feel anger ins

All about Gifts

G S Rao 16 April 2013 at 12:53

Introduction: Gifts are generally given by donors to show their love and affection. Sometimes gifts are used as a tool for tax planning. An attempt is made in this article to cover the essentials of a valid gift as per the provisions of the Transf

Registration and Payment under Reverse Charge Concept

Priyanka 16 April 2013 at 12:52

Subsequent to the introduction of sub-section (2) of section 68 under the Finance Act, 1994 (the Act), the central government has specified certain taxable services in respect of which a service recipient is required to pay service tax at the ra

Service Tax on Director's Services in Private Companies

Priyanka 16 April 2013 at 12:52

A Private Company has one Executive Director i.e. Whole Time Director and two Non-Executive Directors. The Whole Time Director holds 90% of the paid-up share capital in the company while the other 10% is held by five shareholders. A monthly fix