Articles

Service tax provisions in budget 2010 impacting Film Industry

When the finance minister in his budget speech acknowledged that the film industry has been experiencing difficulties while discussing the proposals relating to customs duties, it appeared that the industry was finally going to get a respite from controversies relating to the valuation of imported content. While the FM did rationalise the...

Read More
Posted Under: Service Tax |

FM releases RBI Working Group Report on credit guarantee for Small & Medium Enterprises

Mandatory doubling of the limit for collateral free loans to micro and small enterprises (MSEs) sector to Rs.10 lakh from the present Rs. 5 lakh, increase in the extent of guarantee cover, absorption of guarantee fees for the collateral free loans by CGTMSE subject to certain conditions, lower guarantee fees for women entrepreneurs and en...

Read More
Posted Under: Service Tax | ,

Download Revision Test Papers (RTP) – May, 2010 Examination of PCC, IPCC, PE-II, FInal New and Final Old Course

Accounting Technician Course , atc , Final (New) Course ,Final Course (Earlier Scheme) ,Integrated Professional Competence Course , ipcc , Professional Competence Course , Professional Education (Course - II) , revision test paper , Revision Test Papers , rtp ...

Read More
Posted Under: Service Tax |

Download Compilation of Suggested Answers Professional Competence Course( PCC) Cost Accounting

CHAPTER 1 - BASIC CONCEPTS, CHAPTER 2 - MATERIAL, CHAPTER 3 - LABOUR, CHAPTER 4 - OVERHEADS, CHAPTER 5 - NON INTEGRATED ACCOUNTING, CHAPTER 6 - METHOD OF COSTING (I), CHAPTER 7 - METHOD OF COSTING (II), CHAPTER 8 - STANDARD COSTING, CHAPTER 9 - MARGINAL , cOSTING, CHAPTER 10 - BUDGETS AND BUDGETARY CONTROL...

Read More
Posted Under: Service Tax |

Share Transfers – Allegations of Forgery, Fraud Etc. – The Remedy – Indian Company Law?

Share transfers: We all know the settled law that the Private Company can have restrictions in its Articles restricting the right of its shareholders in transferring the shares. There can not be any such restriction in the articles of Public Companies as it is expressly prohibited under law. The Private Company can refuse to register the...

Read More
Posted Under: Service Tax |

Scrutiny assessment under the Income Tax Act 1961

The Scrutiny Assessments under Income Tax Act 1961 are made u/s 143(3). For many years now many of the returns of the assesses are accepted as they are being filed by the assesses and intimation is sent u/s 143(1) and only fewer cases are selected for scrutiny assessment based upon some predetermined criterias. Therefore every assessee de...

Read More
Posted Under: Service Tax |

Income Tax Act : A few words

Income Tax Act is a comprehensive as well as a complex enactment of fiscal Statutes of the country. With the passage of time it has undergone various changes keeping in view the socio economic needs of the society and the broader objective of rationalization of the taxation structure. In the process one Act has been completely replaced by...

Read More
Posted Under: Service Tax |

Amount eligible for tax holiday is specific to each undertaking of the Taxpayer: Chennai Special Bench

Scientific Atlanta India Technology Pvt. Ltd. (ITAT Chennai)

whether the losses of an undertaking of the Taxpayer which is not eligible for tax holiday (Non- eligible Undertaking), are required to be set off against the profits of another undertaking of the Taxpayer which is eligible for tax holiday (Eligible Undertaking). The SB held that the amount eligible for tax holiday was specific to each un...

Read More

Supreme Court rules write off of debt is sufficient for claiming bad debts

TRF Ltd. (Supreme Court of India)

In a recent ruling Supreme Court in the case of TRF Ltd. on the issue of whether a taxpayer, while claiming deduction of bad debts in its return of income, is required to establish that the debts have, in fact, become irrecoverable. The SC held that post the amendment to Section 36(1)(vii) (Section) of the Indian Tax Law (ITL), for claimi...

Read More

Budget 2010: Direct and Indirect Tax Proposals for Oil and gas Sector

Last year's budget had introduced an investment linked tax incentive for specified business including the business of laying and operating a cross country natural gas or crude or petroleum oil pipeline network for distribution, including storage facilities being an integral part of such network. One condition for availing this benefit was...

Read More
Posted Under: Service Tax |

Browse All Categories

CA, CS, CMA (3,431)
Company Law (3,322)
Custom Duty (6,547)
DGFT (3,398)
Excise Duty (4,034)
Fema / RBI (3,223)
Finance (3,378)
Income Tax (24,760)
SEBI (2,703)
Service Tax (3,275)