Articles by CA. Kapil Goel, DISA(ICAI)

How to reduce tax liability through HUF?

CA. Kapil Goel, DISA(ICAI) 18 April 2016 at 16:47

How to reduce tax liability through HUF? In this article we will discuss how to reduce the Tax Liability using HUF. As it is a separate legal entity in the eyes of Income Tax Act.Formation of a HUF: Typically, a HUF is automatically created. As the n

Analysis of deposits by Nidhi companies

CA. Kapil Goel, DISA(ICAI) 28 March 2016 at 11:40

In this article we discuss how much a Nidhi Company can take deposits and from whom. These are the rules and limitations for taking deposits by Nidhi Companies :-1. The ratio of Net Owned Funds of the Nidhi Company to deposits should not be more than

All about Special Resolutions

CA. Kapil Goel, DISA(ICAI) 10 August 2015 at 10:40

As per section 114(2) : A resolution shall be a special resolution when�(a) the intention to propose the resolution as a special resolution has been duly specified in the notice sent for meeting;(b) the notice required under this Act has been d

Ordinary Resolutions

CA. Kapil Goel, DISA(ICAI) 27 July 2015 at 11:39

As per Section 114(1) of Companies Act 2013 : "A resolution shall be an ordinary resolution if the notice required under this Act has been duly given and it is required to be passed by the votes cast, whether on a show of hands, or electronicall

LLP | Hybrid between a company and a partnership firm

CA. Kapil Goel, DISA(ICAI) 03 July 2015 at 10:36

Concept: Limited Liability Partnership, LLP is another corporate form of business which gives the benefits of limited liability of a company and the flexibility of a partnership firm. The LLP can continue its existence irrespective of changes in part

All about GST

CA. Kapil Goel, DISA(ICAI) 09 May 2015 at 11:53

The Goods and Service Tax (GST) is a tax likely to be implemented in India, from 1st April 2016. GST is proposed to be a comprehensive indirect tax to be levied on manufacture, sale and consumption of goods as well as services at the national level.

All about CPA

CA. Kapil Goel, DISA(ICAI) 08 May 2015 at 10:20

Before studying CPA, Let's know about CPA. What is CPA? What CPA stands for ?

TDS on payment to contractors Under Section 194C

CA. Kapil Goel, DISA(ICAI) 21 April 2015 at 10:27

As per Section 194C, deduction of TDS is required to be made from payments of any amount to resident contractors or sub-contractors.1. DEDUCTION OF TDS FROM PAYMENT TO RESIDENT CONTRACTORS :- Sec 194C(

TDS on Rent u/s 194-I

CA. Kapil Goel, DISA(ICAI) 20 April 2015 at 10:28

Any person who is not an Individual or HUF, who is paying any income to resident by way of rent is liable to deduct tax at source only in case the aggregate of the amount of such rent credited or paid or likely to credited or paid during the financi

Dissolution of a partnership firm

CA. Kapil Goel, DISA(ICAI) 17 April 2015 at 13:53

There are many consequences where the partners feel the need to close the partnership firm. As per our Partnership Act the closure of firm is termed as dissolution of firm. In the words of bare act "The dissolution of partnership between all the