Popular Articles

Start Ups through the lens of a Finance Student

Posted by amit parakh 23 January 2016 23527 Views

‘Start Ups’ has become a buzz word. As we speak- a revolution is on. A very healthy ecosystem is evolving with the government as well stepping in, to being a facilitator. The proposed tax holiday, waiver of capital gains tax and a signi

GST rate on GTA Services under RCM - 12% or 5%?

Posted by Shubham Barnwal 03 September 2020 23526 Views

Reverse Charge Mechanism is payable on supply of services by a goods transport agency (GTA) in respect of transportation of goods by road

Fair value of Financial Guarantees under Ind AS Regime

Posted by P.R. Sethuraman 06 August 2019 23525 Views

Introduction:Before going into �Financial Guarantee� and further deep into �Corporate Guarantee�, it is better to dive into what is the

Tax calculator and new ITR

Posted by CA Chinmay Gangwal 03 July 2015 23524 Views

What is meant by Income Tax Return? Income Tax Return is a document file with the apex body of Income tax i.e. Central Board of Income Tax Department for reporting of their Income from salary,

Case Study: Is tax paid by employer on behalf of employee - exempt u/s. 10(10CC)?

Posted by CA Sukriti Jain 20 August 2015 23523 Views

A detailed analysis of Exemption under Section 10(10CC) alongwith the provisions of Section 17(2), 40(a)(v), 192(1A), 195A, 198, 199, 200 and 203 of the Income Tax Act, 1961. Highlighting the ruling under Sedco Forex International Drilling Inc. (2012

ICDS as tax saving tool

Posted by Member (Account Deleted) 10 June 2015 23521 Views

IntroductionEver since CBDT notified the new Income Computation and Disclosure Standards for computation of taxable income, many debates and analysis have been done with professionals giving their respective conclusions. We h

Service Tax on AC Bar Restaurants & Hotels is Unconstitutional

Posted by Bimal Jain 08 July 2013 23520 Views

Service Tax on AC Bar Restaurants & Hotels is Unconstitutional Kerala HC The Honble Kerala High Court has held that the levy of Service Tax on AC Bar Restaurants and Hotels providing short term accommodation as Unconstitutional a

An open letter by Founder of Tally - 'What will make GST fail'

Posted by Bharat Goenka 04 August 2016 23481 Views

We are now at the horizon of the Constitutional Amendment and passage of the GST bill, which are now in its final stages. By far, the GST amendment will be the biggest step the country has taken in ensuring economic integration. While the draft law

Section 144 of Companies Act, 2013

Posted by Mayank Mandora 25 August 2018 23477 Views

Section 144 of the Companies Act, 2013 which carries out other services which can not be provided by an auditor the section reads out as follows:An auditor shal...

TCS on sale of Goods and Services

Posted by CA MOHIT SINGHAL 24 May 2016 23475 Views

Section 206CTax Collected at Source:�TCS is the Tax Collected at Source by the seller (collector) from the buyer(collectee)�. Every person, being a seller, shall collect tax at source (TCS) from the buyer of goods specified in section 206