CAclubindia Articles

Certificate of Commencement of Business- In case of SLP

Posted by CS Ankur Srivastava 29 April 2011 16048 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 63997 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

Failure to voluntarily apply sec 50C does not attract penalty

Posted by Amit Bajaj 29 April 2011 16763 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

On Exam-eve summary of legal cases for CA Finals

Posted by Dr. Paras Jain 28 April 2011 15926 Views

Significant legal decisions Income-tax Section Case Decision 35D CIT v. Tamil Nadu Road Development C

Few points on Internal audit

Posted by Raghavendra 28 April 2011 52284 Views

1) A plan once prepared should be continuously reviewed by the internal auditor to identify any modifications required to bring the same in line with the changes, if any, in the audit environment. However, any major modification to the internal audi

Communication Skills

Posted by BAIJU MASOODU 28 April 2011 15979 Views

communication skills 1. it really matters .... Every one enters the job market to find the very right job! Most of them are well qualified and experienced. Yes, most of them possess the right skills too. Still a large population fail to fi

All About Limited Liability Partnerships

Posted by Rajiv 27 April 2011 11153 Views

Limited Liability Partnerships A Limited Liability Partnership (LLP) is a form of business organisation where the liability held by each of the partners is limited by law. It provides the benefits of limited liability of a company, but allows its m

Service Tax on Restaurants & Hotels

Posted by Rajesh Kumar 27 April 2011 142853 Views

In the Budget 2011, it was proposed to levy Service Tax on Hotels & restaurants. Vide Notification 29/2011 dated 25.04.2011, 1st May of 2011 has been declared as the appointed day on which these provisions will come into effect. Thus these ser

Loan against accumulations in PF Account

Posted by CMA. Subhash Kumar Jha 27 April 2011 196915 Views

Loan against accumulations in PF Account PF account, in general perception, signifies a balance, available after retirement or resignation from a current organization. So at times, while in continuation of service, if someone require funds, they g

Merger and Amalgamation - An Overview

Posted by CMA. CS. Sanjay Gupta 26 April 2011 182606 Views

The terms merger and amalgamation have not been defined in the Companies Act, 1956 though this voluminous piece of legislation contains more than 50 definition