CAclubindia Articles

Determination of Date of which rate of service tax to be taken

PUNEET GOYAL 31 March 2012 at 14:51

PRECAUTION TO BE TAKEN FOR TAKING RATE OF SERVICE W.E.F 01.04.2012 (Either 10% or 12%) (Before proceeding further please read the disclaimer at the bottom of this write up) With effect from 01.04.2012, rate of service tax has been increased from 10%

E - I Transaction

Guest 30 March 2012 at 13:48

Transit Sales under the CST Act. Transit sales These are generally known in the market as 'LR sales', , 'subsequent inter-State sales‟ and 'E-I sales'. However these words including the words transit sales‟ do not find

Budget Changes in CENVAT Credit Rules

CA.Manindar Kakarla 30 March 2012 at 12:25

Changes in CENVAT Credit Rules in Union Budget 2012-2013 Amendments in the Definition of Capital Goods: v The facility of taking CENVAT Credit on motor vehicles other than those falling under tariff headings 8702, 8703, 8704,8711 and their

Core Investment Company - An Insight

CA Kishore Tallam 30 March 2012 at 12:24

Core Investment Company (CIC): On August 12, 2010, the Reserve Bank of India (RBI) issued a notification DNBS (PD) CC.No.197/03.10.001/2010-11 prescribing the regulatory framework of a Core Investment Company. On January 05, 2011, the RBI issued

Burning issues in Direct taxes Budget- 2012

CA Nikhil Jhanwar 30 March 2012 at 12:24

BURNING ISSUES IN DIRECT TAXES The present Budget has made various amendments and changes in respect of income taxpayers. Here is the critical analysis and impact of the major changes in Budget 2012 in respect of personal Income Tax: E

To all CPT Cleared Students Going for IPCC

Aravindh K 30 March 2012 at 12:24

Some Thing to know before u guys dive into the toughest phase of Chartered Accountancy! (This text might seem boring and odd-sized but as a student of CA, I'm sure you can take it![;)] ) Well.What is tough in this phase

Don't Retire Hurt!

Prof. Bajaj 30 March 2012 at 12:24

Retirement Planning has become a buzz-word these days! Every newspaper, every news-channel seems to talk something or the other about retirement planning. What is more surprising is, when talking about retirement planning, everyone is just talki

Tax Hell?

Venkatesan.k 30 March 2012 at 12:23

Introduction Finance Ministry, while presenting the much disillusioned and indifferent Union Budget with heavy fanfare and subsequent silence, brought out an amendment that took many people by surprise. It was not just a normal amendment. Rathe

Budget changes in service tax relating to Construction Industry

CA.Manindar Kakarla 28 March 2012 at 14:46

New Definition for Work Contract A new definition for the Work Contract has been introduced through Sec 65B (54) and is as follows: "Works contrac

Hope, Joy and Optimism

Deepak kumar sharma 27 March 2012 at 15:09

This article is all about motivation and inspirations. This is just a bunch of noble thoughts. You can change your destiny by changing your thoughts. If you think high and positive and you are also hard working, struggler and consistent then nobody