CAclubindia Articles

Certificate of Commencement of Business: Procedural Analysis

Posted by Ankur Garg 01 September 2009 180205 Views

Dear Members, This Article is in continuation to my previous Article titled “PROCEDURES FOR INCORPORATION AND REGISTRATION OF COMPANIES”. Kindly excuse me if you fine any typing error. The date of incorporation of a company may not be th

GOODS AND SERVICE TAX -HOW AND WHY????

Posted by CA Sudhir Halakhandi 28 August 2009 22706 Views

GOODS AND SERVICE TAX: - HOW AND WHY??????- CA SUDHIR HALAKHANDIIn 2006 when the then Finance Minister Mr. P Chidambaram announced the intention of the Government to introduced Goods and Service Tax in India in 2010, the pronouncement was very simple

CENVAT credit on input service

Posted by Pavan Jain S 28 August 2009 29629 Views

CA Rajesh Bagrecha, FCA., DISA(ISA)CA Pavan Jain S, Bcom (TPP), ACA.Introduction: The concept of CENVAT credit was introduced with an intention to avoid cascading effect of taxes. The Central Value Added Tax [CENVAT] allows the credit of the duty pai

Why do Arbitration proceeding too gets delayed?

Posted by Durga Rao 27 August 2009 7276 Views

In order to address the issue of delay before Traditional Courts and in order to decrease the burden of courts, Alternative Dispute Resolution Mechanism was mooted and now everybody is aware of Arbitration proceedings. As everybody knows, Arbitratio

Cash Management: The role of the Internal Auditor

Posted by Vikas Kalyanshetty, ACA 27 August 2009 30682 Views

According to many industry experts the basic reason why many successful companies have collapsed is improper cash management. Having surplus cash in the current accounts are considered as a sign of efficiency of the companies but sitting on such larg

Problems in registration of LLP

Posted by Arjun Mahadevan 27 August 2009 18900 Views

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

Catering Services

Posted by Madhukar N Hiregange 27 August 2009 48187 Views

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

SSI Exemption

Posted by Madhukar N Hiregange 27 August 2009 47443 Views

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

Beta of Stocks

Posted by Venkat Rao Marella 26 August 2009 19054 Views

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

MAT - Tax on Gross Assets- Whether fair and logical?

Posted by Hiral Raja 25 August 2009 17110 Views

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