CAclubindia Articles


Procedure for Conversion of Name from Private to Public

Posted by Ajay Mishra 22 March 2012 25575 Views

The procedure for altering name clause of Memorandum or Articles of Association of the company is being given herein under: 1. Management decision to change the name The Board of Direct



Buying Online Term Plan? Few Tips to Follow

Posted by Prof. Bajaj 22 March 2012 20207 Views

Nothing doing! Now no agent can fool me saying that endowment plans or ULIPs are good. I have understood that only term plan is the best form of risk cover. I am going to buy a term plan online. Said Niraj, a 29 year old IT profess



A note on Removal of Directors!

Posted by Ankur Garg 22 March 2012 49061 Views

Dear Students, Some time back I had started a series of small articles covering a particular exam oriented topics, where my focus was to choose topic useful for exam preparation. So I would request you all to please take note of the same as the



Lump sum scheme for payment of service tax in works contract

Posted by Amit Bajaj 21 March 2012 35481 Views

In works contract service lump sum scheme for payment of service tax in a works contract has been introduced by amendment in Rule 2A of the Service Tax (Determination of Value) Rules, 2006 vide Notification No. 11/2012 - Service Tax dated 17-03



Reverse Charge Mechanism in service tax-more clarifications

Posted by Amit Bajaj 22 March 2012 123161 Views

In the Budget-2012-13 under the new Reverse Charge Mechanism in certain services the recipient of the service has been made liable to pay tax instead of service provider. In three of services namely hiring of means of transport, construction and



Meaning of Deferred Tax Liability & Asset in Simple Words

Posted by Vignesh Killur pro badge 10 August 2020 1993557 Views

Meaning of Deferred Tax Liability & Asset Explained in Simple Words: In Simple words, Deferred Tax Liability is a Provision for Future Taxation. This is in stark Contrast to Provision for Taxation. Provision for Taxation is basically a provision



Internal Audit Basics

Posted by CA Satish Badve 21 March 2012 59316 Views

Internal Audit Basics The



Are Director Liable to Tax Audit & Service Tax as per Budget

Posted by CA Prashant Gupta 21 March 2012 35469 Views

ARE DIRECTORS LIABLE TO SERVICE TAX AND TAX AUDIT AS PER UNION BUDGET 2012-13 ? Till the date of budget, there is always confusion on treatment of directors remuneration. There is conflict about whether it is salary income or it is a bu



Proposed income tax amendments in Budget 2012-13-Part-2

Posted by Amit Bajaj 20 March 2012 104990 Views

Consideration in excess of F.M.V of shares to be treated as income from other source if consideration received is in excess of Face Value of shares: It is proposed to insert a new clause (viib) in the aforesaid sub-section so as to provide that w



Input Service Distributor's choice taken away

Posted by Pradeep Jain 20 March 2012 26331 Views

Changes have been brought in Rule 7 of Cenvat Credit Rules, 2004 vide Notification No. 18/2012-CE (NT) dated 17.03.2012




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