CAclubindia Articles

What to expect from Budget 2015

Posted by CA SONIYA AGARWAL 07 February 2015 17039 Views

BJP Government first budget under the leadership of Shri Narendra Modi making it the most crucial one. General Expectation of people from budget is favourable tax rates, more reliefs, deductions, easy tax Compliance etc. Every year in the month of Fe

TDS u/s 195- Interesting Cases

Posted by CA Rohit Gupta 07 February 2015 37416 Views

Peculiar Cases where Courts held Assessee Liable for Deduction of TDS u/s 195Withholding taxes u/s 195 in respect of transactions with Non-Residents has always been a bone of contention between Assessee and tax authorities. Though liability for deduc

The introduction of proposed Indian GST

Posted by CA Sudhir Halakhandi 06 February 2015 29317 Views

Goods and Service TaxTHE INTRODUCTION OF PROPOSED INDIAN GST INTRODUCTION Vat was introduced in all over country in 2006 and GST is the logical conclusion of the successful introduction and imposit

Rejection of Books of Account - Sec 145 of Income Tax Act 1961

Posted by CA Ram Bajaj 05 February 2015 53154 Views

145(1) Income Chargeable under the head Profit and Gains of business or profession or Income From other sources shall, subject to the provisions of sub section(2), be computed in accordance with either cash or mercantile system

Update on Indirect Tax - Service Tax, Excise and GST for the month of Feb 2015

Posted by TARUN KUMAR GUPTA 05 February 2015 28312 Views

In addition to Service Tax and Excise, we have started a new section on GST. Hope this will be useful to you. A. Service Tax 1. Service Tax payment for the month of January, 2015 is due for payment on 6th February, 2015 for assesses excluding Individ

Managing Bribery and Corruption Risks in the Infra Industry

Posted by Member (Account Deleted) 05 February 2015 12245 Views

Any competitive advantage gained through corruption is a mirage.Why is bribery and corruption such a challenge in the sector : Construction and Infrastructure Industry?In addition to the bribery and corruption risks prevalent in all in

Modes of investment in mutual funds

Posted by Elton Sukumar M 04 February 2015 13630 Views

The objective of this write up is understand direct entry scheme in mutual funds, before we proceed to understand direct entry scheme, let us have basic idea of mutual funds.Meaning of Mutual FundsCarpooling is ord

Crude Downslide - Why are the Oil Cos Still Bleeding

Posted by CA Prakash Sajnani 04 February 2015 11110 Views

With the quarter 03 balance sheets of the many Oil marketing companies being on the verge of finalization the expectation of the General Public is that the Oil Marketing Companies (OMCs) also known as the downstream companies will make substan

Financial Statement,Board Report under Cos Act,2013

Posted by CS M.Kurtrala Nathan 04 February 2015 12473 Views

Section 134 of the Companies Act,2013 and Rule 8 & 9 of the Companies (Accounts)Rules,2014 deals with the Financial Statement and Board Report.Signing of the Financial Statement: The financial statement, including consolidated financial statement

Bait Money check with respect to Concurrent Audit of Banks

Posted by Sahil Jolly 04 February 2015 9739 Views

Bait Money check with respect to Concurrent Audit of Banks The concept of Bait Money!Bait Money is a security feature used by various Banks/Bank branches. As its name suggests, this money kept with the Banks/Bank branches helps in tr