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All about Service Tax

Posted by CA CS CIMA Prakash Somani 23 April 2009 27598 Views

Q: What is Service tax?A: Service tax is an indirect tax levied under the Finance Act, 1994, as amended from time to time, on specified services. At present, there are approximately 96 categories (including 15 new services introduced by Budget 2006)



S. 2(47)(v), 54EC- Transfer of Property - Date of agreement

Posted by Rupesh Srivastava 01 May 2013 27595 Views

Recently on 26th April 2013, ITAT bench held that under Transfer of Property Act twin conditions - It is not necessary that both conditions should be satisfied in one year but at the same time only upon satisfying the second condition also it would



Leveraged Buyout Vs. Distress Buyout

Posted by Tharun Raj 20 March 2010 27589 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



Legal services of advocates liable to GST under reverse charge

Posted by Avinash Jeevan Dsouza 11 April 2018 27585 Views

The government has clarified that there is no change in taxation of legal services in the GST era.



Be Professional not only in Profession but also in life

Posted by CMA Raveendranath 09 June 2011 27581 Views

Hi friends, it is interesting to see that we has a human being have changed a lot and some time the reason for that change within us is not because of our one self but due to changes taking place in society. We are forced to get adapted to the chang



IND AS 36: Impairment of Assets

Posted by Madhur Gandhi 31 May 2022 27572 Views

It prescribes that entity applies to ensure that assets are not carried at more than their recoverable amount. An asset is carried at more than its recoverable amount when it exceeds amount to be recovered through use or sale of the asset.



TDS under Goods and Service Tax (GST)

Posted by Khushboo Dave 13 December 2019 27557 Views

Tax Deduction at source is a way by which leakage of revenue to Government is ensured to some extent. Like direct Tax, TDS is also implemented for Indirect Tax....



Common problems of MCA with solution

Posted by CS Ankur Srivastava 19 April 2016 27552 Views

W.e.f. 27th March, 2016 MCA portal is under unconsciousness stage. Stakeholders are not able to even login, sign, prefill, upload, prescrutiny check of forms. Unnecessary cookies related solutions are being suggested by the MCA. Effort



What are the key features of Budget 2014-2015?

Posted by Guest 10 July 2014 27551 Views

THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES Decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by the society. Country in no mood to suffer une



MCA clarification on Accounting Standard 10

Posted by CA Amit Kumar 01 September 2014 27528 Views

Impact of MCA circular on AS 10 on Indian Power Industry The Power Sector in India and Impact of Ministry of Corporate Affairs Circular (MCA) on Accounting Standard 10- Accounting for fixed assets and 16- Borrowing costsThe Power Sector in India has




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