CAclubindia Articles

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

**Indian Accounting Standards: Some are `very out of date

Darshu 18 May 2008 at 12:33

ndian business has gone global in a big way in recent years, which is clearly reflected in more companies setting up overseas arms, raising money from the market and acquiring companies. The coming years will only see an increase in the number of com

A MUST NEEDED SMART ARTICLE FOR SMART INVESTORS

KUSHAL AGRAWAL 18 May 2008 at 12:33

i think if u r hinkin abt a long term prespective... then for huge profits i m suggesting the following stock with grat potential and huge fundamentals...1) MRPLreasons :-a>The Company has posted a net profit of Rs 12722.30 million for the year en

A REWARD TO THE INACTIONS OF INDIAN CORPORATES

R.V.RAO 13 May 2008 at 22:37

A REWARD TO THE INACTIONS OF INDIAN CORPORATES BY R.V.RAO Can a public limited company increase the authorized share capital and not pay fees on the increased share capital under Company’s Act 1956 and then reduc

Pre & Post Shipment Finance in Export Trade

SSA JI 13 May 2008 at 10:20

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance are to enable exporter to: Procure raw materials. Carry ou

Woes of Proprietary concerns of CA

SSA JI 13 May 2008 at 10:20

For most government and public sector audits empanelment and also for the RBI empanelment norms for appointment of branch auditors of public sector banks etc are illogical and absurd especially for proprietary concerns of chartered accountants for co

Steps to be taken to get a new company incorporated

CA. Dashrath Maheshwari 09 May 2008 at 19:38

Steps to be taken to get a new company incorporated:· Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects of the company.· Ensure that the name does not resemble the nam

Creation Private Company

Manish Soni 06 May 2008 at 22:49

Procedure for Registration of a Private Limited Company

Payment of admitted tax is a pre-condition to filing an appeal

Nilesh Shah 04 May 2008 at 16:19

Nilesh Shah Writes.Cell: 92246-59941E Mail: nilesh63@vsnl.comSection 249(4) provides that an appeal may not be entertained, if admitted tax remains in arrears on the date of appeal. The proviso thereto, no doubt, grants discretion to the Commissioner

What to Check before investing for Section 80C

CA Deepak Jain 03 May 2008 at 21:39

What to Check before investing for Section 80C or How to Make Best Use of Section 80CMost of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. However, it is important to know the Section in toto so that one ca