CAclubindia Articles

Changes in Penal Provisions under Service Tax

Posted by Pradeep Jain 03 March 2011 53649 Views

Changes in Penal Provisions under Service Tax Prepared By: CA Pradeep Jain and Sukhvinder Kaur, LLB[FYIC] The Budget 2011 has proposed to bring effective changes in the penal provisions for violation of Service Tax laws. The changes brought in

Why CAs should now target IIMs

Posted by ANANDH SUNDAR 03 March 2011 44970 Views

Hi friends, I'm a 1st yr student at IIM-A and have finished my PCC/articleship(CA Final sometime in the future. At the outset, let me clarify that this is NOT a CA v/s MBA debate, neither is this an engineer v/s CA debate. The point of this art

A few thoughts on Section 14A

Posted by Ryan Saldanha 03 March 2011 7848 Views

Income-tax Act, 1961 has so many complicated provisions. I feel it is best to uncomplicate that which is complicated. As Denzel Washington said in movie PHILADELPHIA, All right, Mr. Laird, explain this to me like I'm a four-year-old

10 Lessons from Ireland vs. England match

Posted by Member (Account Deleted) 03 March 2011 8725 Views

10 Lessons from Ireland vs. England match IT MAY BE USEFUL IN OUR CA COURSE LESSONS IMPLEMENTATION IN CA STUDY 1. Dont Under estimate to weak teams. Do

Income declared u/s 44AD-no need to explain each cash deposit

Posted by Amit Bajaj 02 March 2011 29012 Views

Income declared u/s 44AD- Assessee not liable to explain each entry of cash deposit. I have found the following Judgement very useful for small assessees who declares their income under presumptive income schemes and I am sharing it here for benefit

Audit Programme of Small Bank Branches

Posted by CA KRISHNA KUMAR DARUKA 02 March 2011 23690 Views

AUDIT PROGRAM OF SMALL BRANCHES OF BANKS By CA Krishna Kumar Daruka Friends the bank audit time is nearing.

Hold your nerves on Match/Exam day- ICAI Cup Part-2

Posted by CS LLB Pulkit Gupta 02 March 2011 10431 Views

ICAI CUP 2011- HOLD UR NERVES ON MATCH/EXAM DAY WHY I APPLY FUSION i.e. MIX MY TIPS WITH OTHER TOPICS!!Friends I am back with the 2nd part of series ICAI CUP 2011. People have asked me that why I merge the exam tips with other disciplines/su

Ceiling rate on Declared goods under CST Act incresed to 5%

Posted by Amit Bajaj 02 March 2011 32093 Views

It has been proposed in the Budget 2011-12 to increase the ceiling of 4% on declared goods under section 15 of CST Act to 5%. Currently State Governments cannot levy VAT more than 4% on declared goods. Declared goods are those goods which are of

Amendment in Service Tax under Union Budget 2011

Posted by CA.AMIT SHARMA 02 March 2011 108029 Views

A. Introduction of new taxable services under the tax net (to be applicable from the date of notification after passage of Finance Bill 2011)a. Services by air-conditioned restaurants having license to serve liquor with a 70% abatement on this

Changing Momentum Of GST - Still More To Do

Posted by Nagesh Bajaj 01 March 2011 4808 Views

When nothing is going right in the successful implementation of Goods and Services Tax (GST), suddenly a momentum changes in favour of those who are favouring the rolling out of the GST. The finance ministry is planning to table a Constitutional A