CAclubindia Articles

Section 44AE of the income tax act

Posted by MANSHI BAID 26 June 2015 27382 Views

SECTION 44AE OF THE INCOME TAXACT 1961INCOME IN CASE OF ASSEESSEE IS ENGAGED IN THE BUSINESS OF PLYING , HIRINGOR LEASING OF GOODS CARRIAGES Applicability : This section applies to all types of assesses whether resident or non-resident who are engage

A way forward to GST in India

Posted by CA Pravendra Rana 9717036532 26 June 2015 16610 Views

As, all we know that Taxes in India are levied by the Central Government and the State Governments. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes bet

Reason for introduction of TDS

Posted by nawin kumar kintali 26 June 2015 26486 Views

There is always a time gap between deriving of income and payment of tax there upon .The objective of introduction of the provision tax deduction at source is to reduce that time gap and also ensure the regular flow of funds to governmentDemerit by T

Key Changes in New ITRs and Eligibility - AY 2015-16 (FY 2014-15)

Posted by Gaurav Jain 26 June 2015 35012 Views

The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.In view of various representations received it was ann

Nidhi Company - Companies act, 2013

Posted by CS Divesh Goyal 25 June 2015 15992 Views

Section � 406 read with rules of Companies (Nidhi Companies) Rules, 2014 SECTION 406 OF COMPANIES ACT 2013 AND NIDHI RULE 2014 GOVERNED THE LAW AND PROCEDURE FOR NIDHI COMPANY. Nidhi� means a company which has been incorporated as a Nidhi

Three different mechanisms for an IPO

Posted by Tapan 25 June 2015 8395 Views

The decision to list a company is often taken considering the market trends. When the primary markets are strong, there is a natural temptation to take a company public. This is because, in a strong market, the company gets much more than its fair va

Procedure of re-assessment u/s 147

Posted by CA Pawan Maloo 25 June 2015 45198 Views

Assessment is a procedure adopted to determine the correctness of the income disclosed by the assessee and tax payable thereon. Than what is reassessment and why there is need of reassessment? Section 147 and 148 of

Types of directors

Posted by Kalpesh Veer 25 June 2015 18699 Views

1. Definition:- As per Section 2(34) of Companies Act 2013 Director means a director appointed to the Board of a Company.2. Responsibility:- The board of directors of a company is primarily responsible for: determining the compan

All about ITR - 2A Form

Posted by CA ANKIT GUPTA 25 June 2015 23358 Views

1. Who can use this Return Form? This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the a

Clause wise dicussion of form 3cd- Part 2

Posted by CA Mayank Khatri 25 June 2015 202572 Views

Clause - 16 Amounts not credited to the profit and loss account, being,- the items falling within the scope of section 28; the proforma credits, drawbacks, refund of duty of customs or excise or service tax, or refund of sales tax or value added