Popular Articles

Service Tax on Construction Contracts

Madhukar N Hiregange 24 October 2012 at 12:59

Understanding Implication of Service Tax on Real Estate [Collation of Relevant Material] Table of Contents 1.1 Definition of term Service Section 65B(44). 3 1.2 Declared Service Section 66E. 3 1.3 Negative List

Gratuity and its allowable exemption limit

Aashish Ramchand 02 October 2012 at 14:00

In this article I have discussed the various provisions regarding gratuity and its taxation - Gratuity is a retirement benefit. It is generally payable at the time of cessation of employment and on the basis of duration of service. To discuss th

Profession Tax Act, 1975 Maharashtra

Sumati Dinkar Jadhav 02 April 2011 at 13:13

PROFESSION TAX ACT, 1975 MAHARASHTRA By. Sumati Dinkar Jadhav - CMA Student and Traniee at Devarajan Swaminathan & Co.- Cost Accountants This act is also called as The Maharashtra State Tax on Professions, Trade, Callings and Employmen

Understanding E1 and E2 Sales under CST Act 1956

Amit Bajaj 17 December 2010 at 13:00

Central Sales Tax Act 1956 envisages single point of taxation i.e tax at the first point of sales. Subsequent sales during the movement of the goods from one state to another have been exempted under section 6(2) of CST Act. Before proceeding to u

Capital gains - Exemption from tax u/s 54 & 54F

CMA Poornima Madhava 01 April 2015 at 10:49

Capital gains - when and to what extent exempt from tax u/s 54 & 54FSection 54 provides exemption to capital gains arising from transfer of a residential house property (being building or land appurtenant thereto), the income of which is chargea

Most Ignored Section 80GG - Deductions in Respect of Rents

Amol Gopal Kabra (CA,CS,DISA) 02 May 2011 at 11:27

SECTION 80GG DEDUCTIONS IN RESPECT OF RENTS PAID Section 80GG is a little ignored Section of the Income Tax Act, 1961. This section provides deductions to those individuals who dont get any benefit of the amount paid towards rented accomm

Levy of penalty or interest for non submission of C forms

Amit Bajaj 09 May 2011 at 16:18

As we know C forms are required to be submitted by a seller with the sales tax authorities after obtaining the same from the purchaser of goods if the sale is an interstate sales and CST has been charged at concessional rate of 2% as per the require

Passing of Board resolution by circulation under Section 289

Ankur Garg 03 April 2009 at 14:19

Passing of Board resolution by circulation under Section 289 of the Companies Act, 1956. In the absence of any provision in the Act or the Company’s articles of association, requiring that the exercise of a particular power of the directors sh

deduction u/s 80-IA of income tax act, 1961

CA Anshu Agarwal 28 January 2010 at 14:07

3.1 Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. [Section 80-IA]3.1.1 Applicability: where GTI includes any profits and gains derived from eligible business.

How I passed IPCC(both groups) in 60 days

Member (Account Deleted) 12 February 2011 at 11:24

My name is Pai. Abhijit Pai. This is my first article and hopefully not the last one on ca clubindia. I have passed both groups of my November 2010 IPCE in my first attempt. I studied for a period of 60 days in a systematic way and managed to cover