CAclubindia Articles

Budget 2010 & GST in it

Member (Account Deleted) 02 June 2010 at 11:34

Budget 2010 on Goods and Service Tax CA. RAJAT MOHANBudget 2010 whether good or bad for GST?In Budget Speech 2010 -2011 Pranab Mukherjee, Minister of Finance showed his keenness to introduce GST; however, he also recognised that there are issues in i

Concept of SEZ

Manikanta Raju CA,CWA,(CS) 02 June 2010 at 11:31

Query-1: What is the concept of SEZ??? Clarification: SEZ is a “Specifically delineated duty free enclave”……. Let me explain this with an example ------ “Think of sitting in a library and studying and that the libr

Guide to understand an Offer Document

Jigar 31 May 2010 at 13:32

Guide to understand an Offer Document This sub‐section attempts to inform the structure of presentation of the content in an offer document. The basic objective is to help the reader to navigate through the content of an offer document. (a) Cover

Taxability of Fees for Technical Services In India pursuant

taxindiaconnect 31 May 2010 at 13:21

Back Ground The Hon’ble Income Tax Appellate Tribunal Mumbai ( ITAT Mumbai ) in ITA no 2508/Mumbai/08 in the case of Ashapura Minichem Limited Vs Assistant Director of Income Tax, Mumbai has delivered a landmark decision on the issue of incom

Amnesty Schemes introduced by the MCA

Payel Jain 31 May 2010 at 11:52

The much awaited amnesty scheme has finally been notified by the Ministry of Corporate Affairs whereby companies that have not filed their returns for more than one year can make a one-time settlement by paying some penalty. The Ministry vide General

Shares with Differential Voting Rights A Strategic Tool

Rasesh 31 May 2010 at 11:52

Shares with Differential Voting Rights – A Strategic Tool WHY DIFFERENTIAL: Shares with differential voting rights (DVR) are shares which ‘differential’ voting rights than ordinary shares. If offers with differential voting rights

Profit & Loss account during Construction Period mandatory?

CA Kishore Tallam 28 May 2010 at 17:58

Many times, we see that many companies which are in startup stage i.e. during construction period and before it is ready for commencing commercial operations do not prepare Profit and Loss Account for the year / period and the total expenditure incu

HOW TO APPROACH FINAL? Study,books and examwise

Prajyot Pandit 28 May 2010 at 16:07

All i am goin to share is my personal view n based on the experiences that i got while studying for CA final exams, I personally think that I M very Average student, n my preparation was according to it! so it shudnt be considered otherwise!! please

Composite contracts - Service Tax leviable on service element

MONISH BHALLA 28 May 2010 at 15:42

Strange are the ways Tribunals of this country behave, reversing judgments has been on a spree and this time it’s a seven year old CESTAT judgment in the Daelim Industrial Co. Ltd. vs. CCE, Vadodara (CEO 2003 CESTAT 14), which ruled the issue o

How to prepare for Nov'10 PCC/IPCC Exam

Manikanta Raju CA,CWA,(CS) 27 May 2010 at 12:00

I will tell you how I have prepared for my CA PE-II (Now it is PCC) exams, you can follow if it suits you…Total subjects – 6Problematic - 3 (Accounts, Costing, Taxation)Theory - 3 (Remaining) Rank both the problematic an