CAclubindia Articles

Closing a Company

Priyanka 25 June 2012 at 12:04

A company may wind up its affairs in two ways:- Fast Track Exit Voluntary Winding Up

Negative List of Service Tax In the Existing List ,only the services specified in clause (105) of section 65 of the Finance Act ,1994 are taxed under the charging section 66.In the new system ,all serv

Understanding Income from Other Source with Latest Case Laws

Manish Kumar Agarwal 25 June 2012 at 12:04

Any income which does not fall under the heads of Salary, House Property, Business & Profession and Capital Gain will fall under the head Income from Other Source. Hence, this is the residuary head of income. Hence, it is very important to under

Transfer Pricing - Specified Domestic Transaction

Jinesh Bhagdev 23 June 2012 at 12:41

Transfer pricing until now was applicable to companies having cross border transactions with their ASSOCIATED ENTERPRISE. However, Finance Bill 2012, honoring the supreme court ruling in case of CIT vs. M/S Glaxo Smithkline Asia (P) Ltd. (Special

Additional services exempted under Service Tax

CA Siddhartha Bhardwaj 22 June 2012 at 12:16

The Central Government had issued N/N 12/2012 dated 17-03-2012 exempting certain taxable services from the whole of the service tax. Now, the Central Government has issued N/N 25/2012 (called the Mega Notification) dated 20-06-2012 in supersession o

Tax Saving Tips

SHIKHA SONI 22 June 2012 at 12:15

For most of the people tax savings brings to mind life insurance, PPF, NSC, and equity-linked savings scheme, among others, that qualify for tax deduction under Section 80 C of the Income-Tax Act. An individual can claim tax deduct

Deemed Sale v/s Declared Service-Controversy C/F to negative list

Pradeep Jain 21 June 2012 at 12:58

DEEMED SALE V/S DECLARED SERVICE CONTROVERY C/F TO NEGATIVE LIST An article by:- CA. PRADEEP JAIN CA. PREETI PARIHAR Introduction:- Deemed sale it is a critical aspect of the Sales Tax law and it is going to

Essentials of a CA student!

RaGHuRaM 21 June 2012 at 12:58

Hi friends! Im writing this article to highlight the most essential qualities of a CA student: Qualities which determine the success of the student in his exams and the professional career. The Qualities are: Self Confidence: The most impor

Result, Fear and Tension

*RENU SINGH * 21 June 2012 at 12:57

I guess now every professional course exams got over e.g. CA, CS, CWA finally the days of hardworking gone, owl nights full sigh I suppose everyone should be in enjoying mood and relaxed. Right We hear the slogans of being

Annexure A, Annexure B, Annexure B- Old vs. New

Dayal 21 June 2012 at 12:57

Annexure A Service tax amendments, Service receiver is liable to pay the service tax at the rate mentioned below: (Notification No. 15/2012 dated 17-03-2012 - effective from 01-07.2012 [section 68 of the Finance Act ] Sr