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Rule 3(5B) of CENVAT Credit Rules, 2004- Issues Discussed

Posted by Member (Account Deleted) 23 March 2010 39759 Views

I have written this article to discuss some issues relating to Rule 3(5B) of CENVAT Credit Rules, 2004 [for short CCR, 2004]A short background for introduction of this ruleIt is not unusual that manufacturers are stuck with non-moving stocks of input

Hostile Takeover - Tender Offer and Proxy Fight

Posted by Tharun Raj 25 April 2021 10192 Views

A couple, recently married purchased a new house. They were very happy.One day a rat entered into their house, but the lady ignored it as she thought what a little rat can do and she too had some soft corner on that rat.

Long Term Capital Gains-Exemption u/s 54F

Posted by CA RAMESH KUMAR AHUJA 22 March 2010 54677 Views

Long Term Capital Gains-Exemption u/s 54F Long Term Capital Gains from all capital assets attract a special rate of income tax. Long Term Capital Gains may result from a transaction of sale which in itself may not be in the nature of a regular sou

Role of Due Diligence in the Upcoming Scenario

Posted by Prasanth Nair V 20 March 2010 12176 Views

Role of Due Diligence in the Upcoming Scenario We are aware of the term Due Diligence, as we are frequently coming across during our audits. But how many of us, really know what it pertains to. If u want to know its exact meaning and implications,

Leveraged Buyout Vs. Distress Buyout

Posted by Tharun Raj 20 March 2010 27647 Views

You are a well reputed company and came across to buy stake in another company. You are not likely to invest your money into that company, but anyhow intended to purchase stake/controlling interest.What to do?? Ask me i will give u an advice. Do as

Guide to accounting for financial instruments and derivatives

Posted by Vinod Kothari 25 April 2021 31488 Views

Guide to accounting for financial instruments and derivatives All that stuff about AS 30, 31 and 32 Note of cautionWe would like to start this article with two notes of caution. First, AS 30, 31 and AS 32 are Indian accounting standards that corresp

Service Tax Procedures

Posted by Rajiv 20 March 2010 10036 Views

As on 1st May, 2006,95 services are identified as taxable services in India. Section 64 of the Finance Act, 1994, extends the levy of service tax to the whole of India, except the State of Jammu & Kashmir

Snatching earth beneath landlord's feet

Posted by Pradeep Jain 19 March 2010 6004 Views

Snatching earth beneath landlord’s feet with retrospective amendment Prepared By: CA Pradeep Jain Sukhvinder Kaur, LLB Introduction: - The renting of immovable property for commercial/business purpose was brought under service tax net in

SaaS BPM A Suitable Present Day Confluence

Posted by Madhusudan 19 March 2010 8988 Views

The talk about SaaS BPM has been doing rounds for over a couple of years now. An increasing number of industry related experts now speak in favor of this integration and one of the main reasons is the level of collaboration that this integration off

Proof of travel not required for claiming LTA

Posted by CA Pramod Jain 19 March 2010 61999 Views

Proof of travel not required for claiming LTA : Supreme CourtDear All,Please find very useful decision with regards to claiming LTA without supportings as below :- LTA : Evidence of Expenses Employers, while processing the conveyance and leave &