CAclubindia Articles

Disclosure of Interest by Directors u/s 184 of Cos Act,2013

CS M.Kurtrala Nathan 02 September 2014 at 11:10

Section 184 of the Companies Act,2013 read with Rule 9 of the Companies (Meetings of Board and its Powers)Rules,2014 deals with Disclosure of Interest by Directors. Disclosure of Interest of by director in any firm or body Corporate: Every director

Provisions for Appointment of director by small shareholders

Ankur Garg 02 September 2014 at 11:10

Dear Professional Colleagues, In this article we shall discuss the provisions related to appointment of director elected by small shareholders. This is not a new concept as it was also there in erstwhile Companies Act, 1956 to protect the interests o

Dear Vighnaharta, what should be first Income tax return or tax audit report?

CA Umesh Sharma 02 September 2014 at 11:09

Karniti Part 52 Dear Vighnaharta .., what should be first, Income tax return or Tax Audit report? Please remove the Vighna (complications) Arjuna (Fictional Character): Krishna, the festival of Lord of Wisdom Shri Ganesha is being celebrated

Corporate Board Resolutions in Companies Act, 2013 Part - 2

Ankur Garg 02 September 2014 at 11:09

Dear Professional Colleagues, Board resolutions are an important part of Indian Secretarial System. All the powers available to the board can be exercised through a board resolution. Further it is very important to draft the resolution in precise and

Compliances for annual filings 2014 - Are you CA 2013 ready?

Sundharesan Jayamoorthi 02 September 2014 at 11:09

Take care of these issues failing which you may fail on ensuring to be compliant this year for conducting the Annual General Meeting. Section 136 – Circulation of Financial statements • Financial statements, auditor’s report and ever

Deduction u/s 24(b), HRA exemption & interest capitalisation

CA Paras Dawar 01 September 2014 at 10:38

Assessee claim deduction of Interest on Housing Loan to acquire house property u/s 24(b) and simultaneously HRA exemption on rent paid (if he resides in property other than acquired). Further upon sale of said property, interest already claimed as de

Reasons for notice u/s 148 before filing of return u/s 148

CA Paras Dawar 01 September 2014 at 10:38

Assessee Can Claim Reasons For Issue Of Notice U/S 148 Before Filing Of Return U/S 148.Section 148 of the Income Tax Act, 1961 is possibly the most belligerent combat tank in the armory of Income Tax Department. This tank has been further strengthene

Cracking the CA Final Code: (Group 1 - Paper 1)

Rushabh Shah 01 September 2014 at 10:38

This is my first article in CAClubindia, hoping people will benefit from this.I qualified in the May 14 examinations.C.A. These two letters imply many words like Certainly Achievable, Come Again, Colla Aayo (For my fellow Kutchhi friends) but

MCA clarification on Accounting Standard 10

CA Amit Kumar 01 September 2014 at 10:38

Impact of MCA circular on AS 10 on Indian Power Industry The Power Sector in India and Impact of Ministry of Corporate Affairs Circular (MCA) on Accounting Standard 10- Accounting for fixed assets and 16- Borrowing costsThe Power Sector in India has

NRI's guide to business in India

Paras mehra 01 September 2014 at 10:37

NON RESIDENT INDIAN (NRIs) GUIDE TO BUSINESS IN INDIABy Paras Mehrawww.Quickcompany.in With over 20 million in population and with investment size of over US$4000 million in last 10 years, NRI plays an important role in Indian Growth history.