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CAclubindia Articles


Section 54 EC case laws

Posted by Saurabh Maheshwari 28 August 2012 26635 Views

Beauty of case laws- Whether its Direct tax law or Indirect tax law or corporate or allied laws, case laws are very important to digest the provisions of law conceptually. The beauty of case law is that it is not only interesting but also clarifies



Cash basis of accounting followed by non corporate entities

Posted by Vivek Hebbar 28 August 2012 102271 Views

Note on Cash Basis of Accounting followed by non-corporate entities in India Non-corporate entities in India may include an individual, a proprietory concern, a Hindu Undivided Family (HUF), a partnership firm, a LLP, a trust, etc. Unlike a



Functional Currency's consequential Impact on Deferred Tax

Posted by Sanjay Chauhan (IFRS) 27 August 2012 30899 Views

In continuation of my previous article, this article highlights the consequential impact of having two sets of functional currency (one for GAAP reporting and other Tax submissions) on deferred tax computation under Ind AS 12, which again is based



Cenvat Credit on own retail shop/showroom

Posted by Arun Kumar Singh 27 August 2012 17470876 Views

The definition of input services in the Cenvat Credit Rules to submit that all the services which are used by the manufacturer whether directly or indirectly till the place of removal are eligible as input service credit.



Strategy for clearing CA Final - Part 1

Posted by pratik jain 23 August 2012 284869 Views

Hi folks . I cleared CA FINAL in NOV 2011 in my FOURTH ATTEMPT! So most people will say I have no right to give GYAAN on how to pass ca final in one sho. But hey!! before you write me off let me tell you i am the right person because i know what



Landmark judgement in competition act explained

Posted by Member (Account Deleted) 23 August 2012 27135 Views

Introduction In the month of June 2012, competition commission had passed a judgment (Case no 29/2010 Builders Association of Indias case) in a complicated case which involved interpretation of economic variables and substantial que



Benefits u/s 80ID

Posted by CA Ayush Agarwal 23 August 2012 38792 Views

Five year tax holiday for hotels located in specified districts having a world Heritage Site. Section 80-ID of the Income-tax Act provides for a five year tax holiday to new hotels of two, three and four star categories and convention centres. It



You still have time. Don't give up!

Posted by Priyam 23 August 2012 28888 Views

As soon as the exam forms are out we are shaken,stirred and finally woken up from our dreams to the realities of life oh my god exams are near and the time left for preparation is now c



Service Tax and VAT on under-construction flat/ unit

Posted by CA. Vikash Dwivedi 23 August 2012 427616 Views

Service Tax and VAT on under-construction flat/ unit Introduction Service Tax and VAT on construction services have created lots of buzz among the property buyers. To me this is undue hardship on those who are buying residential property for the p



Stamp duty on transfer of shares

Posted by G S Rao 20 August 2012 171837 Views

Introduction As per Indian Stamp Act,1899, Stamp duty is payable on instruments and an instrument has been defined as any document




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