CAclubindia Articles

Change in MRP based valuation in Central Excise

Posted by CA. Dau Daga 07 March 2015 39214 Views

Amendments in Third Schedule to the Central Excise Act, 1944 In budget, 2015 there is some change in notification no 49/2008-C.E. (N.T.), dated 24-12-2008 vide notification no 3/2015-C.E. (N.T.) clause 103 of the finance Bill, 2015:- By virtue of dec

Refund for deemed exports

Posted by Pradeep Jain 07 March 2015 18911 Views

Old practice of Government-High Court Decision undone!! Introduction:- It is a very old tactic followed by the government that when the interpretation taken by High Court or Supreme Court on an issue is consistently held against the revenue, the best

Gratuity

Posted by CMA Poornima Madhava 07 March 2015 26303 Views

What is Gratuity? Gratuity is a kind of retirement benefit. It is earned by an employee as a reward for long and meritorious service It is payable on termination of employment after the employee has rendered continuous service for not less than 5 yea

Place of effective management: Critical analysis

Posted by CA Rohit Gupta 07 March 2015 12931 Views

PLACE Of EFFECTIVE MANAGEMENT : Corporate Tax Residence in India: Analysis and Safeguards The India Budget,2015 has proposed the amendment of Section 6 of the Income Tax Act which alters the conditions under which a company is resident in India by in

Budget Highlights

Posted by CAkanhaiya Jha 07 March 2015 17502 Views

BUDGET HIGHLIGHTS DIRECT TAXES Wealth tax replaced with additional surcharge of 2per cent on super rich with a taxable income of over Rs.1crore annually. No change in rate of personal income tax. Transport allowance increased from 800 to 1600 pm. P

Changes in the registration process of Central Excise & ST

Posted by CA. Dau Daga 05 March 2015 54355 Views

From this Budget there is change in registration process in Central Excise as well as Service Tax also. There are changes in the registration process of Central Excise. These are as under:- 1. Earlier registration process governs from notification no

GST - Grow and share together

Posted by Nimish Goel 05 March 2015 18993 Views

The much awaited Goods and Services Tax (GST) now seems to be a reality as the broad contours are slightly visible. The Finance Minister in his Budget speech made it clear he has all the intentions to implement GST from April 1, 2016.

Mandatory bomb again attacks indirect taxes in Budget 2015

Posted by Anandaday Misshra, Advocate 04 March 2015 13320 Views

Onset of Mandatory Era Indirect taxes have finally fallen and infact seems to be more obsessed with the word mandatory. In first and interim budget of Modi Government, first bomb of mandatory aspect fall on all who wanted to exhaust the remedy of ap

GST and Petroleum industry

Posted by Karan Teli 05 March 2015 19267 Views

Petroleum Industry has been more into picture for various issues from the day on which GST was launched robustly. Some of the insights on GST in Petroleum Industry are as follows: Petroleum Products to be part of GST regime, as tabled in 122nd Const

Highlights of Tax Proposals in Budget 2015-16

Posted by Member (Account Deleted) 04 March 2015 61191 Views

DIRECT TAXES 1. No Change to be made in Slab Rates of Income tax for Individuals, HUF, AOP, BOI and firms. 2. Corporate tax rate to reduce: Corporate tax rate to be rationalised. Earlier the Tax Rate was 30% of Income offered forTax, the same is to b