CAclubindia Articles

Highlights of Budget - Finance Bill, 2014 - PART - II

Posted by Member (Account Deleted) 18 July 2014 21454 Views

For Previous Article PART -I Click Here PART - II**Capital Gains Tax Definition of Short term Capital asset Section 2(42A) Section 2(42A) has been amended to provide that securities (other than a listed security), listed or unlisted units and

Past Year Cenvat Credit - Last Chance?

Posted by Madhukar N Hiregange 18 July 2014 19682 Views

Revenue Augmentation by Way of Cenvat Credit Restrictions[ Past Credit Availment Last Chance? CE/ ST]CA Madhukar N HiregangeExcise duty collections are expected to be about Rs. 2 Lakhs crores and Service Tax collections about 2.2 Lakh

Section 51, Monies Forfeited Characterized With Other Sources

Posted by riddhi vasistha 18 July 2014 14549 Views

Finance bill 2014 has proposed to enhance the area of section 51, Forfeiture of advance money received in process of transferring a capital asset. The modification will elevate tax collec

Time limit on Claiming CENVAT Credit: Major Implication

Posted by Ankit Bidasaria 18 July 2014 25866 Views

Rule 4 of the CENVAT Credit Rules, 2004 (CCR) provides the conditions for availment of credit. Amendment rules inserted a new proviso after the second proviso in Rule 4(1). The new proviso shall be inserted with effect from first day of

Why tax practitioners bill required in India

Posted by BSKRAO 18 July 2014 25716 Views

(1) Below are the accounting bodies of various countrys world over on date, In spite of this, they have separate bodies/legislation for regulation of tax professionals. Reason being, situation similar to that of latest Supreme Court verdict in

Fund Raising Under Companies Act, 2013

Posted by CA Gaurav Mittal 18 July 2014 20058 Views

Under Companies Act,2013 A company can raise funds via 3 means :- Deposits. Loans. Capital. The Deposits and loans has already been discussed earlier in other Blogs Deposits : - A

New Development Bank (BRICS Development Bank)

Posted by Nikhil Kaushik 18 July 2014 16253 Views

New Development Bank(erstwhile Brics Development Bank)The term BRICS, coined by economist Jim ONeill today reflects in the newest socio-economic bloc on the ever increasing bi-lateral and multilateral arrangements on the global map. Earlier r

Highlights of Budget - Finance Bill, 2014

Posted by Member (Account Deleted) 17 July 2014 36924 Views

PART - I ** Announcements Not to ordinarily bring about any retrospectively. Instead of tax officers, High Level Committee to scrutinize indirect transfer cases covered by retrospective amen

National Pension System - A Government's New Initiative

Posted by CA. Kapil Goel, DISA(ICAI) 17 July 2014 5884 Views

The National Pension System (NPS) reflects Government’s new effort to find a suitable & sustainable solution to the problem of providing adequate retirement benefits to the people at large. As a first step towards initiatingthis, Governmen

Budget 2014-2015

Posted by ESHA AGRAWAL 17 July 2014 12155 Views

BUDGET FOR 2014-15Modi govt budget for middle class is committed to lower taxes, FM Arun Jaitley said that lower taxes gave people money to spend which in turn helps in economic growth , FM Hike in exemption limit in personal income tax from Rs 2 lak