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CAclubindia Articles


Single point of taxation introduced in Punjab VAT

Posted by Amit Bajaj 26 December 2013 67186 Views

Punjab Government has surprisingly introduced single stage tax system under the Punjab VAT Act, 2005. Punjab Government has notified certain goods, most of which are consumable goods, on which tax under Punjab VAT Act has been levied only at the firs



IPCC Tips and Experience

Posted by Abhinav 24 December 2013 66043 Views

I am sorry but I am going to make this article really informal cause I know nothing about writing and have never written anything before apart from examination answers :PMorning/Afternoon/Evening, everyone!My name is Abhinav Bansal and I am just anot



SSI Exemption Vs. Co- Owners of Immovable Property

Posted by Rishi 24 December 2013 24756 Views

There are many cases coming for consideration regarding eligibility of SSI exemption to all co-owners of immovable property individually. The department is of the view that all co-owners fall under the definition of Person under Section



Dividend provisions - Critical analysis

Posted by CA Nitesh Kumar More 24 December 2013 19509 Views

Section 205 of the Companies Act 1956 read with Article 85 of Table A deals with payment of Dividend Section 123 of the Companies Act, 2013 provides for declaration of Dividend. and Table F of article 80 of Articles of Association provide



Corporate Governance - Best Board Practices

Posted by Sundharesan Jayamoorthi 24 December 2013 15755 Views

BOARD PROCESS The word Board Process has been mentioned in several places in the Companies Act 2013 (The Act), but it is important to identify and discuss this term in two sections, which is in section 149 that deals with



Karniti Part-16: Tax planning for Children is not a child's play

Posted by CA Umesh Sharma 23 December 2013 28146 Views

Income Tax planning for Childrens is not a childs play.Arjuna (fictional character): Dear Krishna, the festival of Christmas is being celebrated all over the world very joyfully. In this festival Santa Clause make exchange of gifts to a



Rent Free accommodation and Taxation

Posted by TKKKKKK 20 December 2013 135130 Views

When employer provides employee facility of rent free accommodation. value of it is taxable as a perquisites in salary head of income tax.​For calculating perquisites value taxpayer has to follow two steps.step 1: find out unfurnished accommodatio



Service Tax & Cenvat Provisions For Automobile Dealers

Posted by CA Ankit Bhutoria 20 December 2013 62600 Views

SERVICE TAXCenvat For Automobile DealersBrief Introduction Automobile Dealers are normally engaged in Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principal. In the course of se



Shifting of Registered Office Outside State

Posted by CS DHANAPAL 20 December 2013 99044 Views

Out of State Shifting of the Registered Office under the Companies Act, 2013 Provisions relating to shifting of the registered office from one state to another are contained in Section 13(4) of the Companies Act, 2013 which are detailed in the rule n



Mergers, Amalgamations & Takeovers

Posted by C.S.SAVEESH.K.V. 18 December 2013 119386 Views

CONCEPT The Companies Act, 1956 does not define the term Merger or Amalgamation. However it deals with schemes of merger/ acquisition which are stipulated under Section 391 to 394. This scheme is known as S




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