CAclubindia Articles

Why KYC

Posted by Raghavendra Prasad M 30 May 2015 15589 Views

Dear Tax Payers , KYC is the buzzword first in Banks, next in Insurance Companies, and then Chartered Accountants offices .The Prevention of Money Laundering Act,2002 and Rules came into force from 1st July,2005, i.e., complet

Powers of High Court - Settlement Commission

Posted by CA Nischal Agarwal 30 May 2015 8073 Views

High Court has power to decide the correct position of law on admitted facts before Settlement CommissionReliance in this connection can be placed on the decision of Hon’ble Apex Court in case of M/s Asahi India Safety Glass Ltd reported in 201

Eligible activities for Corporate Social Responsibility (CSR) expenditure

Posted by Sahil Jolly 29 May 2015 12722 Views

Activities which are eligible for CSR expenditure in pursuance of Schedule VII of the Companies Act 2013 are as follows: Eradicating hunger, poverty and

Haryana VAT officers

Posted by Rajat Mohan 29 May 2015 35608 Views

Administration and Duties. 1. Appointment of Commissioner and other officers:Authorization for appointing a commissioner rests with the state government. Along with the commissioner, many Additional Excise and Taxation Commissioners, Joint

Financial Shenanigans

Posted by Simerjeet 29 May 2015 20008 Views

Financial Shenanigans includes aggressive or creative accounting, window dressing and accounting frauds with an intent to create a wrong impression about the financial performance and health of the enterprise. Dishonest compani

SS-2: General meetings

Posted by Saurabh Agrawal 29 May 2015 13664 Views

APPLICABILITY: all types of General Meetings.CONVENING A MEETING• Authority to call general meeting: Board of Directors. If they fail, any Member of the company may approach the prescribed authority, which may then direct the calling of the Annu

The concept and tax effect of switching in mutual funds

Posted by Sahil Jolly 28 May 2015 7965 Views

Hi, almost all of us are aware of investing in Mutual Funds and their respective Tax effects.However, some areas still remain Grey for some and one such area is Switching in Mutual Funds.What is

Social Accounting & its importance

Posted by CA Amrita Chattopadhyay 28 May 2015 51826 Views

Social accounting is a way of demonstrating the extent to which an organization is meeting its stated social or ethical goals. Technically, the term �social accounting� or �social auditing&rdqu

SS 1- Meetings of the board of directors

Posted by Saurabh Agrawal 28 May 2015 14478 Views

APPLICABILITY: On Meetings of Board of Directors & Committee of the Board.CONVENING A MEETINGAuthority to call a meeting � any director of the company.Authority to convene a meeting � company secretary.(In consultation with chairman o

Proposed corporate tax rate cut in Budget 2015 and its impact on AS-22

Posted by Sai Sundar 28 May 2015 16237 Views

May 26, 2014 was a watershed moment in the history of Indian politics. The Macroeconomic scenario, for few years leading into 2014, was downcast with inflation running high, government having a huge fiscal and current account deficit and the GDP stay