Dear Friends,So everyone is under the impression that incorporating an LLP is no big deal. Now I will express my views on the experience of my client in getting his LLP registered.After getting DPIN for himself and his 2nd partner, which also involve
Outdoor Catering ServiceBy CA. Madhukar N Hiregange& CA.Srikantha Rao TIn this article we examine the taxable service category of Outdoor catering in terms of the definition, the activities liable and the issues which arise in seeking to tax this cat
CENTRAL EXCISE - SMALL SCALE INDUSTRIES By Madhukar N Hiregange (DISA, FCA)& Srikantha Rao T (B.Com, ACA) A manufacturer who manufactures excisable goods in India is liable to pay Central Excise duty on such goods. The duty is collected on clear
What is Beta of Stock / Security?Whether a person is an experienced investor or just someone who is trying to put some money away for retirement, knowing the stock beta in relationship to the current market conditions can minimize risk and increase p
Under the erstwhile Income Tax Act, 1961, MAT was levied u/s. 115 JB on book profits. The idea of levying MAT on book profits was to ensure that the entity pays tax at least on book profits even though the tax payable by it under the Income Tax Act c
Sub Contractor: A subcontractor is hired by a general contractor (or prime contractor) to perform a specific task as part of the overall project. The most common concept of a subcontractor is in building works and civil engineering. The incentive to
In order to reduce the delay in courts and in the process of traditional adjudication mechanism, the Alternative Disposal Mechanism (ADR) was mooted. The dispute resolution through Conciliation, Arbitration and Mediation etc., is regarded as a
A company is a voluntary association of persons formed for the purpose of business activities. A company has distinct name and limited liability, it is a juristic person having a separate l
Budget Amendments- Service Tax – 1st September 2009CA Madhukar N Hiregange & CA Vinay K.V. It is the practice followed in every budget by our Honorable Finance Minister to expand the scope (coverage) by introducing new categories of
Economies are coming closer & closer due to globalization. Number of cross-border transactions has increased. Cross border transactions have led to a dynamic change in the system of taxation. New issues have aroused due to different styles of bus
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