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Popular Articles


Taxation on transaction of supply of food - A Sale or a Service?

Posted by CA.TARUN K AGARWALLA 16 May 2014 24698 Views

Food is a basic need for a living being and any levy of additional cost on the same is always a matter of dispute. Taxation levied or collected directly or indirectly on the food even though collected by state is always a matter of discussion. Food a



Reverse Charge- Branch

Posted by Madhukar N Hiregange 17 June 2015 24697 Views

Service tax under reverse charge � Branch PaymentsCA Madhukar N Hiregange& CA Mahadev R. �Service� has been defined as an activity between two persons. In normal course the principle of �mutuality� is a



What is IEC Code? How to apply for IEC Code?

Posted by Manzil Arora 29 August 2020 24695 Views

IEC Code contains a 10 digit number issued by the DGFT, Department of Commerce and Government of India. IEC Code is the same as the PAN of the firm.



TCS on Sales of Goods under Income Tax w.e.f 1st Oct 2020 - FAQs and Key Points

Posted by CA Umesh Sharma 22 September 2020 24694 Views

Amendment made in Section 206C (1H) of the Income Tax Act regarding the liability to collect TCS @ 0.1%, on the sale value exceeding Rs. 50 lakh for each buyer....



Detailed Discussion on AS-20: Earning Per Share with Capital

Posted by SAJID M BOGHRA 16 December 2013 24682 Views

OBJECTIVE 1. The objective of this standard is to prescribe principles for the determination and presentation of earnings per share which will improve comparison of performance among different enterprises for the same period and among different accou



Karniti Part-15: MVAT Audit Some Beliefs and Misbeliefs

Posted by CA Umesh Sharma 17 December 2013 24678 Views

Arjuna (fictional character): Krishna, In Maharashtra State, under Maharashtra Value Added Tax Act, VAT audit in FORM 704 is mandatorily required to be carried out and e-filed before 15th January 2014 for the fin



A Handy Referencer on Reverse Charge Mechanism

Posted by CA Pardeep Chanana 15 May 2013 24676 Views

Relevant Notifications:- Notification no. 30/2012 dated 26.06.2012 later updated by notification no. 45/2012 dated 07.08.2012 w.e.f. 01/07/2012 Dual System of Service Tax Payment A. F



Fast track exit mode for defunct companies under section 560

Posted by Sahil Jolly 10 February 2015 24675 Views

Fast Track Exit mode for Defunct Companies under section 560 of the Companies Act 1956 A number of Companies registered under the Companies Act 1956 are inoperative since incorporation or commenced business but became inoperative or defunct later on



Service Tax Implications on Senior Advocate Services

Posted by Gaurav Arya 17 June 2016 24670 Views

We have made a little try to discuss the amendments done by the government in respect of services provided by Senior Advocates in FAQs format



Steps for Formation of Gratuity Trust in a Company/Private School or MNC

Posted by Tikaram Chaudhary 09 September 2019 24661 Views

This article is an attempt to give a brief about the Steps involved in Formation of Trust for Gratuity Fund.




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