CAclubindia Articles

Non Commercial entities- Still not in Service tax ambit

Posted by Pradeep Jain 11 July 2014 5999 Views

With the coming up of new government led by Mr. Naredndra Modi, came new hopes. The hopes for a better India once again dawned in the hearts of the people. The much talk

Colors of ambiguity still on Heena

Posted by Pradeep Jain 14 July 2014 2621 Views

There was dispute was going on between the trade and the Central excise department on the exemption on Heena Paste. This exemption was given in last year budget but there was ambiguity in drafting on such notification. We have written an article on t

Budget 2014: Impact on numbers that matter the most

Posted by Satvir Singh 11 July 2014 5684 Views

Now, that maiden budget of Modi govt has been presented, one may call it a good budget considering the circumstances or an over-hyped budget that lacked big ideas. Here we will not form any holistic opinion on the budget, rather we will discuss its i

Service Tax, Excise and Custom Changes in Budget 14

Posted by Bimal Jain 11 July 2014 39642 Views

Bimal JainFCA, FCS, LLB, B.Com (Hons)Mobile: +91 98106 04563; E-mail: bimaljain@hotmail.comDear Professional Colleague,The Union Budget, 2014 presented by the Finance Minister today is promising on buildingconsumers confidence, investor

Budget 14 proposals for individual taxpayers

Posted by CMA Ramesh Krishnan 11 July 2014 9401 Views

Union Budget Direct tax proposals - an Individual Point of viewIntroduction: Union budget-2014-15 presented by the Finance Minister today. New Government has presented this budget with facing several challenges like economic growth, GDP, Inf

Taxation Aspects of Union Budget 2014

Posted by CA UMESH DULAL 10 July 2014 29693 Views

Income Tax Provision of Advance Tax Ruling applicable to Residents. Scope of Income Tax Settlement Commission widens. Basic limit of Exemption increased to 2.50 lac. In case of Senior Citizen, it is increased to 3.00 lac. No changes of Income Tax rat

The SUPER Budget: Analysis

Posted by CA Gaurav Mittal 10 July 2014 23888 Views

SUPER BUDGET ANALYSISKEY HIGHLIGHTS1) Fiscal Deficit targeted at 4.1% for 2014-15 and to bring it to 3% by 2016-17.2) GST to be introduced by the year end.3) No retrospective amendments by this Government.4) A new committee under

Mandatory Fixed Pre-Deposit: A sign of relief to Appellants?

Posted by Pradeep Jain 11 July 2014 5953 Views

INTRODUCTION:- Filing of appeal is a mechanism available to the assessees who are aggrieved by the orders passed by the adjudicating authority or the higher appellate authorities.

Service Tax Budget Changes 2014-15

Posted by Akshay Garg 10 July 2014 88111 Views

Sale of space or time for advertisements on segments such as internet websites, out-of-home media, on film screen in theatres, bill boards, conveyances, buildings, cell phones, Automated Teller Machines, tickets, commercial publications, aerial adve

Auditors under the Companies Act, 2013

Posted by Shashikant Sharma 14 July 2014 40814 Views

The Companies Act, 2013 (the Act) has changed the role of auditors in companies, seeking greater transparency and corporate responsibility. Past serious financial frauds and scandals especially Satyam Scandal has exposed glaring gaps in