CAclubindia Articles

How Much "Convenience Tax" You are Paying?

Posted by Prof. Bajaj 20 March 2012 8632 Views

"Convenience Tax? When was this tax imposed? Government has no other business than to impose new taxes everyday?" might be a normal reaction after reading the title. Well, the good news is, this tax is not really levied by the Go

Vodafone 'Refund' Amendment - Possession is 9/10th of the law

Posted by ANANDH SUNDAR 20 March 2012 8308 Views

The Budget of FY12-13 dropped a tax bombshell by introducing a retrospective change in law from 1962, directed at Vodafone and other simillar cases. While my esteemed seniors will doubtless analyze or litigate this change in law, I thought it fit to

Rajiv Gandhi Equity Savings Scheme

Posted by Indraneel Sen Gupta 19 March 2012 32449 Views

The budget is over and the market is flooded with analyst reviews about the budget. Every budget has provided some tax benefits to the Am Admi(Mango People) linked with the market returns. This time also the Union Finance Minister Shri Pranab Mukher

King's Speech - Union Budget 2012-13

Posted by CS LLB Pulkit Gupta 19 March 2012 7293 Views

"For every benefit you receive a tax is levied" Another year of Budget and another year of expectations. Lemme tell you that being Finance Minster of India is not an easy job. Especially when yo

My understanding of BUDGET - 2012

Posted by Durga Rao 19 March 2012 7439 Views

I am not an economist, and I am not even an eminent Chartered Accountant, however, from the views of various experts on the subject, I would like to express my understanding on Budget 2012 as follows: Background: We are all concerned at ou

New paradigm in Service Tax

Posted by Arun Kumar Singh 19 March 2012 26791 Views

Rajesh Kumar, AdvocateIn 2012 budget, there has been a paradigm shift in the Service Tax Laws. The shift is affecting all businesses- whether they are in manufacturing, service providing, NGOs, Trading or even Government departments. Even individual

Budget Analysis 2012- Service Tax Proposals

Posted by CA Nikhil Jhanwar 19 March 2012 53757 Views

It comes every year, but excitement and expectations from the Budget across the sectors and masses always remains. Budget 2012-13 (a 7th Budget by Mr. FM Pranab Mukherji) was just like a Glass- half e

Budget and provisions related to Trust and society

Posted by Yogesh Agarwal 19 March 2012 13138 Views

Dear all the annual budget had finally placed by the Fin Minister. Some drastic, some dramatical, some difficult to appetite amendments are proposed in the budget.I will not discuss the entire finance bill but only the amendment proposed in relation

Few highlights from Budget 2012

Posted by Guest 17 March 2012 14774 Views

1. Alternate Minimum Tax also applicable to persons other than company if the assessee is claiming deduction under Chapter VI under the Head C and under Section 10AA. However if the adjusted total income of any assessee being individual, HUF