Popular Articles

Understanding the provisions relating to Transfer Pricing

Amit Bajaj 25 August 2010 at 11:47

With the advent of MNCs(Multi National Concerns) a trend has also been adopted by the MNCs to structure their investments and business strategy in such a way that profits are maximized in such jurisdictions where tax rates are low, which give rise to

Importers issuing Cenvatable invoices requires CE Reg.

Bimal Jain 06 March 2014 at 12:59

Dear Professional Colleague,Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments Background:Rule 9 of the Central Excise Rules, 2002 (the Excise Rules) provides the list of pers

Unexplained Cash Credit- Section 68 of the Income Tax Act

Amit Rai 05 August 2020 at 10:14

Section 68 of Income Tax Act is one of the debated section which brings huge numbers of litigation and judgments, especially in case of Demonetisation, we have seen a number of assessment orders have been passed by the assessing officer invoking section 68

CA Profession a dream worth to live by

Member (Account Deleted) 08 February 2010 at 12:14

It seems that 2009 was not a very encouraging year for many CA students, in terms of the results of CA examinations and also by the pattern and nature of question papers. Institute clearly indicated to test high level professional skills in the stud

A Handbook on Private Equity Funding

Rajkumar Adukia 07 March 2012 at 15:51

INTRODUCTION The private equity boom is breathtaking. It's not just making investors rich - the wave of deals is changing the mindset of corporate managers everywhere.

CBEC clarifies that ST department can also conduct ST audit along with CA or CMA

Bimal Jain 13 December 2014 at 13:16

Dear Professional Colleague, Service Tax Dept can also conduct Service Tax Audit along with CA or CMA CBEC clarifies Background: The Honble High Court of Delhi in the case of Travelite (India) Vs. Union of India & Ors. (W.P. (C) 37

Extension of GST Due dates and Clarification on interest

Rohit Kumar Singh 25 June 2020 at 16:31

Compliance relaxations - Interest, Late fees, etc and amendment to CGST Act, 2017 Update Source

Works contract under GST- A critical analysis

CA Praveen Bisht 15 May 2020 at 10:28

As per Para 6 (a) of Schedule II to the CGST Act, 2017, works contracts as defined in section 2(119) of the CGST Act, 2017 shall be treated as a supply of services. Thus, there is a clear demarcation of a works contract as a supply of service under GST.

Rent Advance and TDS

Darshu 18 May 2008 at 12:33

Under section 194 I of the Income tax Act, on Rent payments exceeding Rs. 120000 in aggregate during a financial year, at the time of credit or payment which ever is earlier, tax as required, has to be deducted at source and remitted to the Governme

Taxability of Listing gains in IPO

CA Nikita Motwani 16 November 2021 at 09:43

IPOs are an opportunity for picking up great stocks for long term investment. But one of the major reasons for investing in IPOs by retail investors is listing ..