CAclubindia Articles

Double Taxation or fair taxation?

Posted by U S Sharma 03 May 2011 25343 Views

Softwares are now charged with service tax as well as Value added tax, and lots of confussion appears in field, now is the industry really facing double taxation ? let us analize the facts ,,,,,,,,,,,,,,,, Taxable Service means any s

Analysis of Cenvat Credit - Changes in FA 2011

Posted by Madhukar N Hiregange 03 May 2011 81039 Views

Analysis of Cenvat Credit- Changes FA 2011 By Madhukar.N. Hiregange, FCA Introduction: The primary object o

Dispute - Genesis to Resolution

Posted by Madhukar N Hiregange 02 May 2011 11631 Views

Handling of Departmental Proceedings - Survey, Search & Seizure, Adjudication Proceedings and Appeals CA Madhukar N. Hiregange The objective of this article is to summarise the basic backgrou

Few questions on Service Tax and Vat

Posted by Member (Account Deleted) 02 May 2011 85553 Views

SERVICE TAX & VAT Dear Student,These are important questions for revising again in last days.Please do complete course and then refer these Q & A.Dont take this as a short-cut.Although I promise you, these questions are picked after

eXtensible Business Reporting Language (XBRL)

Posted by CA DHIRAJ SATNALIKA 30 April 2011 23984 Views

An Introduction to XBRL XBRL is a language for the electronic communication of business and financial data which is revolutionising business reporting around the world. It provides major benefits in the preparation, analysis and communication of bus

Clarification regarding sending copies of Balance Sheets

Posted by CS DHANAPAL 30 April 2011 13430 Views

Dear All Sometimes before Postal Department has discontinued the UPC service namely the facility of Certificate of Posting. Consequent upon which our Ministry of Corporate Affairs had permitted the service of documents upon the Shareholder

Failure to voluntarily apply sec 50C does not attract penalty

Posted by Amit Bajaj 29 April 2011 16748 Views

The ITAT Mumbai has given an important decision on levy of penalty u/s 271(1)(c) of Income Tax Act when a person fails to declare capital gain as per the deeming fiction of section 50C, I find this Judgment very useful and sharing it for the benefit

Certificate of Commencement of Business- In case of SLP

Posted by CS Ankur Srivastava 29 April 2011 16015 Views

1. Requirement for obtaining commencement of business certificate A public limited company having share capital cannot commence business until it has obtained the certificate to commence business from the Registrar of Companies. Normally,

Analysis of Penalty on Late Filing of Service Tax Return

Posted by CA Navin Jain 29 April 2011 63974 Views

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

Posted by Amit Bajaj 29 April 2011 15665 Views

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