CAclubindia Articles

Note on Forfeiture of Shares - Part II

Ajay Mishra 10 September 2013 at 11:42

You have read the introductory and procedural part on Forfeiture of shares under my earlier article in Part I posted on this CCI club. In continuation on the above subject, Part II deal with Board Powe

Service Tax Implications on Auxiliary Educational Services of Educational Institutions

CA.Manindar Kakarla 10 September 2013 at 11:42

Service Tax Implications on Auxiliary Educational Services of Educational Institutions Introduction: As everyone are aware that services provided by educational institutions by way of pre-school education, higher secondary school and education as

What is a One Person Company?

CA Abhishek Malpani 10 September 2013 at 11:41

The recently enacted Companies Act 2013 has introduced us to a new form of business organisation in the country, viz., One Person Company (OPC). OPC is a significant and innovative idea of an organisation model.

CARO 2003

Anurag 10 September 2013 at 11:41

Companies (Auditors Report) Order, 2003 (CARO, 2003) All companies including a foreign company as defined u/s 591 Banking companies, insurance companies and Section 25 companies = Exempt Private companies fulfilling certain conditions

Applicability of Form 15CA and 15CB w.e.f 01/10/2013

CA. Anuj Gupta 10 September 2013 at 11:40

CBDT has again changed the Rule 37BB of Income Tax Rule and \the new rule will help the Indian Parties remitting/paying the monies to foreign persons/companies. Now it has been provided that in case of 28 types of payments , there shall be no need

Whether 15CA/15CB will be required for import of goods

CA. Anuj Gupta 10 September 2013 at 11:40

The amended rule 37BB (governing Form 15CA and CB) as applicable from 01/10/2013 provides for exemption from filing both Form 15CA and 15CB only for two cases:- 1. In the items covered under the Specified List (28 items which includes remittances fo

Karniti Part 1 - Taxation Educational exp. under income tax

CA Umesh Sharma 10 September 2013 at 11:39

In The Mahabharata on the Battlefield of Kurukshetra, the conversation between Lord Shri Krishna and Arjuna gave birth to the Holy book Bhagwat Gita Wherein Arjuna asked many

What India needs to cure its economic ills - today and always

Anand Varma, FCA; FCS. 10 September 2013 at 11:39

1 Growth not at any cost There is a general perception that the main cause of present economic crises in India is due to faltering growth rate (fall from 9% to less than 4.5%). It ap

Accounting Standard 1 simplified

Siddharth Kadakia 09 September 2013 at 13:01

Accounting Standard 1issued by ICAIDisclosure of Accounting PoliciesIntroduction:The standard deals with what, where, which and how accounting policies should be disclosed. The accounting policies are set of principles, methods and procedures applied

Summary of Chapter VI A - Part 1

POOJA CHANDAK 09 September 2013 at 13:01

CHAPTER VI-A SIMPLIFIED Applicable for F.Y. 2012-13 Sections- from 80A to 80GGC Deduction under Chapter-VIA is not allowed against following incomes: Long Term Capital Gains. Short Term Capital Gains u/s.111A Winnings from lotteries, crossword