CAclubindia Articles

Input Tax Credit and Inter GST Credit

Posted by CA MOHIT SINGHAL 10 August 2015 13293 Views

Input tax credit is the amount of tax paid by the dealer on purchases for which the dealer isentitled to claim a credit. The input tax credit has to be claimed by a dealer against tax invoicewhich can be adjusted

Concise Note on CSR

Posted by Asif Ali 08 August 2015 17614 Views

NOTE ON CSREligibilityEvery company (Private or Public) having Networth of Rs. 500 Crore or more or Turnover of Rs. 1000 Crore or more or Net profit of Rs. 5 Crore or more in any of the 3 preceding Financial years. (Circular 18 June by MCA)Board Cons

Listed Companies Beware of Clause no.36

Posted by G S Rao 08 August 2015 16403 Views

Introduction: SEBI�s recent order against New Delhi Television Ltd(NDTV) for violation of Clause no.36 of listing agreement is a matter of concern for all listed entities. SEBI slapped a fine of Rs.2 crores on NDTV for its failure to disclose

Gifts received not to be indicated in ITR

Posted by Pulkit Agrawal 08 August 2015 15820 Views

Introduction :-As per Section 56 of Income Tax Act 1961, Gift exceeding Rs. 50,000/- is taxable in the hands of Donee and is to be indicated under the head Income from Other Sources in ITRs. But if gifts recei

Incorporation of one person company

Posted by CS Divesh Goyal 08 August 2015 12715 Views

“With the development of the practice, there will be more and more ‘exception’ phenomena which can’t be explained by the original thoughts or theories. Once these exceptions developed to such an extent that waved people’

Incorporation of Private Limited Company

Posted by Parth Sharma 08 August 2015 18953 Views

Features of Private Limited Company Separate Legal Status Capacity to borrow Easy Transfer of shares Minimum number of Members : 2 ; Maximum number of Members : 200 Minimum Capital : Nil {omitted by Companies (Amendment) Act, 2015} Limited Liability

13 Reasons why CA students are facing failure in exam

Posted by CA Pankaj Kr Agrawal 07 August 2015 74369 Views

First of all, Congratulations to those students who have cleared CA- IPCC and CA- Final exam. After the declaration of Result, there are a few happy faces of candidates who�ve managed to clear the exams. Their hard work has been rewarded and t

Economic Policies consideration while framing Tax Proposal

Posted by Navin Kumar Bhojwani 07 August 2015 5224 Views

ECONOMIC POLICIES TO BE CONSIDERED WHILE FRAMING TAX PROPOSALSThe Government's Economic Policy for 21st Century- If it moves, Tax It. If it keeps moving, regulate it.

The Chartered dream

Posted by Vamsi Garaga 07 August 2015 18719 Views

Becoming a CA is many people�s dreamSome make it happen and some don�tThere will always be a vacuum in the depths of the heart, when you have not achieved itThis story is just a portrayal of the human emotion.----The Chartered dream-----L

Alteration of Memorandum of Association of Company

Posted by Sneha 07 August 2015 11705 Views

MEANING:The expression �alter� means to modify/change or vary; to make or become different in some respect.As per Section 2(3) of the Companies Act, 2013 (the Act) �alter� and �alteration� shall include the making