CAclubindia Articles

Analysis of Penalty on Late Filing of Service Tax Return

CA Navin Jain 29 April 2011 at 15:07

ANALYSIS OF PENALTY ON LATE FILLING OF SERVICE TAX RETURN Amendment in Section 70 (1) In Section 70 (1) of the Finance Act, 1994, for the words two thousand rupees, the words twenty thousand rupees shall be su

Section 50c applies to immovable depreciable assets

Amit Bajaj 29 April 2011 at 15:03

ITO vs United Marine Academy(Mumbai ITAT) Brief Facts: The assessee sold an office building for Rs. 49.43 lakhs. As the WDV of the said building was also Rs. 49.43 lakhs, no STCG was offered to tax. The AO held that as the stamp duty valuation of t

Few points on Internal audit

Raghavendra 28 April 2011 at 12:04

1) A plan once prepared should be continuously reviewed by the internal auditor to identify any modifications required to bring the same in line with the changes, if any, in the audit environment. However, any major modification to the internal audi

Communication Skills

BAIJU MASOODU 28 April 2011 at 12:02

communication skills 1. it really matters .... Every one enters the job market to find the very right job! Most of them are well qualified and experienced. Yes, most of them possess the right skills too. Still a large population fail to fi

On Exam-eve summary of legal cases for CA Finals

Dr. Paras Jain 28 April 2011 at 11:56

Significant legal decisions Income-tax Section Case Decision 35D CIT v. Tamil Nadu Road Development C

Service Tax on Restaurants & Hotels

Rajesh Kumar 27 April 2011 at 13:03

In the Budget 2011, it was proposed to levy Service Tax on Hotels & restaurants. Vide Notification 29/2011 dated 25.04.2011, 1st May of 2011 has been declared as the appointed day on which these provisions will come into effect. Thus these ser

Loan against accumulations in PF Account

CMA. Subhash Kumar Jha 27 April 2011 at 13:03

Loan against accumulations in PF Account PF account, in general perception, signifies a balance, available after retirement or resignation from a current organization. So at times, while in continuation of service, if someone require funds, they g

All About Limited Liability Partnerships

Rajiv 27 April 2011 at 13:01

Limited Liability Partnerships A Limited Liability Partnership (LLP) is a form of business organisation where the liability held by each of the partners is limited by law. It provides the benefits of limited liability of a company, but allows its m

Merger and Amalgamation - An Overview

CMA. CS. Sanjay Gupta 26 April 2011 at 11:23

The terms merger and amalgamation have not been defined in the Companies Act, 1956 though this voluminous piece of legislation contains more than 50 definition

Points to be considered in selecting additional courses

CMA Ramesh Krishnan 26 April 2011 at 11:23

Introduction: In present professionals career scenario, all of us we are looking for an additional qualification course which will be help to our main professional area. Also in competitive and changing environment some of the additional course which