CAclubindia Articles

Critical reasoning of Notification no.03/2013 ST dated 01.03.2013

Pradeep Jain 04 March 2013 at 12:08

Introduction:- In previous budget, service tax law was shifted to negative list regime. Mega exemption notification no. 25/2012-ST dated 20.6.2012 was issued to prescribe the lis

Open Letter to FM- Budget 2013

Madhukar N Hiregange 04 March 2013 at 12:03

3rd March 2013. Dear FM Shri. P. Chidambaram, First of all thanks for your listening while taking the comments on the budget from all. We all understand that over a period of years there are some ills which have accumulated. However instead of voici

Service Tax on Restaurant

Pradeep Jain 04 March 2013 at 11:30

SERVICE TAX ON RESTAURANT: A SMALL AMENDMENT MAKES A BROADER SCOPE OF SERVICE TAX Introduction:- Under negative list regime, the service tax was introduced on restaurants, eating joints and mess which have licence to serve the liquor and fac

Basic Exemption/Rebate under Income Tax - Budget 2013 FAQ's

Manoj Agarwal 03 March 2013 at 15:40

Income Tax Credit/REBATE of Rs. 2,000 - Detailed Analysis / FAQs Frequently Asked Questions (FAQs) Q1. Whether basic exemption limit for Individuals, HUFs, AOP & BOI under the Income Tax Act, 1961 has been raised

FAQ - Deduction for Interest on education Loan

@VaibhavJ 03 March 2013 at 15:37

Q. Who is eligible for deduction us/ 80E? A. Education loan should be taken by Individual (not to HUF or other type of Assessee ) Q. Is loan taken in name of any family member is eligible fo

Fraud Risk Mitigation Process in Organizations.

Dr. Rashid Mehmood, CPA, Ph.D 03 March 2013 at 15:36

The fraud is a growing issue in all types of industries, business, cultures and management, a study report published by Metricstream Inc unveiled that a typical organization loses its 5% of revenue each year because of the fraud and fraudulent act

Budget 2013 Direct Taxes Highlights

CA. VIKAS RAI 03 March 2013 at 15:35

PROVISIONS RELATING TO DIRECT TAXES- 1. No Change in slab rates & Super Rich Tax postponed - There no change in slabs, but the Individual & HUF whose income is upto 5 Lacs get a Tax credit of Rs.2,000/-. Effectively slab is increased for t

Union Budget 2013 - Changes

Manoj Pala 02 March 2013 at 12:40

The Honble Finance Minister Mr.P.Chidambaram has presented Union Budget 2013 in both the houses of Parliament on 28th February, 2013 at 11 Hrs sharp. There is no change in the rate of duties and accordingly the rates of Excise T

Service tax analysis of Budget 2013

Member (Account Deleted) 02 March 2013 at 11:30

SERVICE TAX ANALYSIS 1. HEADING-Scope of Negative List Widened SECTION- 65B (11) OF FINANCE ACT, 1994 MEMORANDUM EXPLAINING THE FINANCE BILL Definition of 'approved vocational education course' provided in section 65B (11) is bein

India's growth story?

Durga Rao 02 March 2013 at 11:29

In the recent past, there is much talk among the business people, media and also society about Indias growth story, consequences of slow-growth rate, ways to improve the growth and taking the growth rates again to more than 8%. Growth can c