CAclubindia Articles

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

How to get what you want?

CA Srikanth Yadav 10 June 2013 at 11:18

To begin with, I can say that most people actually don't even realize what they truly need in their life inspite of having a lot of goals. And this article is an attempt to fix this problem. Well while it may not be possible to get everyth

Need and importance of property Registration

CA CMA CS Ram Pavan Kumar Melam 10 June 2013 at 11:18

The system of registration of documents was in vogue in British India first in Bengal in 1793, thereafter in Bombay and in Madras in 1802. These regulations were applicable both in Presidency Towns as wel

Transfer pricing precautions; Taxpayers need to take despite recent ITAT ruling

Rupesh Srivastava 10 June 2013 at 11:17

In an recent ITAT ruling reported in (2013) TaxCorp (TP) 5176 (ITAT), the ITAT said Transfer pricing rules do not apply in these circumstances (i) to an investm..

Financial Planning for Beginners

Prof. Bajaj 10 June 2013 at 11:17

June is the month, when many campus recruits start with their first job. Sameer Dahane was one of them. While he was excited of a new role, he was equally eager to get his salary so that he can splurge it. On a casual tea-time discussion with Kapil,