Browse Articles Taxation Articles


01 September 2014 at 10:50

Levy of additional tax (surcharge) on lump sumcontracts

  POSTED BY B.R. BHALLA, ADVOCATE

LEVY OF ADDITIONAL TAX (SURCHARGE) ON LUMP SUMCONTRACTS� NOT A LAWFUL LEVY Following an order passed by the Haryana Tax Tribunal in the case of M/s Mahashiv Promoters (P) Ltd., Rohtak Vs. State of Haryana, reported at (2014)

  1 comments |   1736 Views


13 June 2014 at 17:00

Extra Charges on Restaurant Bill

  POSTED BY Guest

Have you ever noticed that when you go to a restaurant and place order; you calculate the expected bill amount in your mind: But when the bills comes it is more than you expectation. I am sure it happens with all of us. Have you ever considered why?

  19 comments |   3652 Views


10 June 2014 at 12:07

Note on Judgement of Larsen & Tourbo Ltd. Vs. State of Karnataka

  POSTED BY Jaswinder

NOTE ON JUDGEMENT OF LARSEN & TOURBO LTD. VS. STATE OF KARNATAKA IN RELATION TO THE LAW LAID DOWN IN THE K. RAHEJA�S CASE ON THE ISSUE OF FLATS BY THE HON�BLE SUPREME COURT OF INDIA. As per the judgment delivered by the Hon�bl

  0 comments |   3737 Views


21 May 2014 at 13:05

SC explains distinction b/w Sales and Works contract

  POSTED BY bimal jain

Dear Professional Colleague, SC explains distinction between “Contract for sale of goods” and “Works contract” We are sharing with you an important judgement of the Hon’ble Supreme Court of India, in the case of Kon

  6 comments |   2595 Views


25 February 2014 at 16:28

Beware!! Another Fraud in the Air !!

  POSTED BY Saurabh Bajaj

Mr. Rajeev Kumar, a Chartered Accountant, working with a leading Automobile company was worried about his insurance policy. He had bought an insurance-cum-investment plan from a company (say K) 3 years back with an annual premium of R

  5 comments |   1290 Views


03 February 2014 at 13:13

'Top 10 Indian Cyber Crimes' while filing online Income Tax Returns

  POSTED BY Ferry Dhiman

YES people now a days are net savvy , though unknowingly they may be trapped under Information Technology Act ,2000 . Following are the top ten 'Cyber Crimes' while filing Indian Income Tax return Online :- 1. Sending request t

  9 comments |   5155 Views


20 January 2014 at 11:30

Idea to replace all taxes with Banking Transaction Tax

  POSTED BY Anil Kr Garg

In prelude to General Elections, several radical ideas are being circulated. Baba Ramdev is believed to have propounded this idea, supported by Gadkari and finally, endorsed by Modi, though they have not committed to it as yet. Let us examine the me

  4 comments |   2647 Views


20 January 2014 at 11:30

Black Money Minus Corruption is Benign: Counter Point

  POSTED BY Anil Kr Garg

Suddenly, it has become fashionable in India to talk about black money and behave as if it is the root cause of all problems and we all will become prosperous no sooner black money is put to tax net within the control of our dear government which ha

  1 comments |   1160 Views


26 December 2013 at 13:44

Service Tax on Air Conditioned Restaurants

  POSTED BY Mahesh V.P.

Last time when you had visited an air-conditioned restaurant did you notice 4.94% service tax on your food bill apart from the local VAT charges? Well with effect from 1st April 2013 Service Tax is applicable on sale or supply of food stuff in air-

  6 comments |   15635 Views


05 December 2013 at 17:30

The Reality about Realty !!

  POSTED BY Saurabh Bajaj

Trust me Sir, real estate will always give you best returns. The prices cannot go down and you will be double your money in 3 years. I think you should book this flat. said Kunjan Srivastav, a seasoned real estate broker to his potenti

  6 comments |   2297 Views


03 August 2013 at 12:33

Transfer Pricing: An Overview

  POSTED BY Grayscale

INTRODUCTION Increasing participation of multinational groups in economic activities in India has given rise to new and complex issue emerging from transactions entered into between two or more enterprise belonging to same group. Hence th

  1 comments |   3107 Views


10 June 2013 at 11:40

Financial Planning for Beginners

  POSTED BY Saurabh Bajaj

June is the month, when many campus recruits start with their first job. Sameer Dahane was one of them. While he was excited of a new role, he was equally eager to get his salary so that he can splurge it. On a casual tea-time discussion with Kapil,

  2 comments |   4075 Views


16 May 2013 at 11:06

Nitty-Gritty of Income Tax

  POSTED BY Pranab Roy Chowdhury

I , have come across with numerous questions from various level of people who have some or other kind of questions related to their Income Tax matter, in this article I would try to list most commonly or frequently asked questions and try to p

  11 comments |   3484 Views


31 October 2012 at 10:49

Right of Appeal

  POSTED BY v. srikanth

At present, most of the sales tax/value added tax enactments have a provision which requires an assessee to deposit the entire amount of tax or a portion of the disputed tax, as an admission fee before filing appeal. An assessee, th

  4 comments |   2394 Views


04 August 2012 at 11:55

Do We really Understand the meaning of Risk?

  POSTED BY Saurabh Bajaj

The other day, I was talking to a friend of mine, Sunil (name changed), when he told me that he is looking for a good life insurance policy for his father, who is 65 years old. Sunil also said that most of the policies do not cover his father and

  2 comments |   1852 Views


12 July 2012 at 11:54

Why is Insurance Mis-Sold in India ?

  POSTED BY Saurabh Bajaj

Come on !! If you are a really good friend of mine, you ought to buy a life insurance policy from me Sounds Familiar ?? How many times we keep hearing this argument from a close friend (?) or a relative to buy an insurance policy fro

  4 comments |   2118 Views


14 June 2012 at 11:59

Service tax liability on services availed from another advocate

  POSTED BY S. GOKARNESAN

BEWARE OF LIABILITY TO PAY SERVICE TAX UNDER REVERSE CHARGE METHOD, WHEN SERVICE AVAILED FROM ANOTHER INDIVIDUAL ADVOCATE. Dear Advocate Friends Reg: Service tax payable by individu

  2 comments |   12803 Views


01 June 2012 at 10:57

GST - Tax rate Structure

  POSTED BY Member (Account Deleted)

Dear Friends/Colleagues In my previous article I shared my knowledge about the levy and chargeability of GST. In this article I am sharing with you about the rates of GST that will be applicable in future. In this regard there has been the differe

  0 comments |   2166 Views


28 January 2012 at 20:33

Vodafone tax case few suggestions

  POSTED BY Mahesh Kapasi

www.caclubindia.com/homepage/maheshkapasi MAHESH KAPASI E-Mail: maheshkapasi49@gmail.com Chartered Accountant

  1 comments |   2459 Views


11 January 2012 at 18:25

Things you didn’t Know about PPF !!!

  POSTED BY Saurabh Bajaj

Its the HR mail again. I need to do my tax savings now and submit the proofs. Said Monisha, a 26 years old Software professional to her colleagues Akshay and Neha. Neha: Me too !! Where should I invest ?? Monisha: Of course PP

  2 comments |   6531 Views










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