CAclubindia Articles

Karniti Part-28: Colors of Income Tax and Taxpayers Holi

CA Umesh Sharma 18 March 2014 at 11:26

Colors of Income Tax and Taxpayers HoliArjuna (Fictional Character): Krishna on this day of March by making bonfire chilled winters comes to an end. Further in this month being an last month for the financial year 2013-14, taxpayers will have to blen

A brief note on Goods Transport Agency (GTA) Service

CS Aditya Singhania 18 March 2014 at 11:25

An Insight into History of Goods Transport Agency Service Tax was first introduced on Goods Transport Operator (GTO) services with effect from 16-11-1997. However, due to several oppositions from

Conversion of Company into LLP-Accounting & Tax implications

Abhinav 18 March 2014 at 11:25

A business organisation structure is like our shoes; if too small, they pinch us; but if too large, they cause us to lose balance.1. IntroductionDeciding the form of business organisation is among the first decisions that an entrepreneur has to make.

Black and White Money Trail: How Shell Companies help this?

CA Bhavik Mehta 18 March 2014 at 11:25

Black and white money trail: How shell companies help this thriving business There are a few things that we very well know exist and still would not speak about, only because they have become part and parcel of our everyday life. Today we will talk a

Sweat Equity Shares under Co. Act, 2013

CS DHANAPAL 18 March 2014 at 11:25

Sweat equity shares means such equity shares as are issued by a company to its directors or employees at a discount or for consideration, other than cash, for providing their know-how or making available rights in the nature of intellectual property

CSR - A new responsibility on India Inc

DS Mahajani 14 March 2014 at 11:53

The much awaited notification on Corporate Social Responsibility (u/s 135) of the Companies Act, 2013 (the Act) along with Companies (Corporate Social Responsibility Policy) Rules 2014 (the CSR Rules) has been notified by

Rajeev Gandhi Equity Savings Scheme - Section 80CCG

CHAITANYA GANATRA 14 March 2014 at 11:53

RAJEEV GANDHI EQUITY SAVINGS SCHEME (RGESS) ObjectiveThe objective of the scheme is to encourage the savings of the small investors in domestic capital market.EligibilityThe deduction shall be available to new retail investor whose gro

Bonus Issue under the Co. Act, 2013

CS DHANAPAL 14 March 2014 at 11:53

Companies Act, 1956, does not prescribe any specific procedure or conditions for issue of bonus shares except that Table A contains provision relating to capitalization of profits. Companies Act, 2013 has detailed the conditions under Sec.63 read wit

Private Placement under Co. Act, 2013

CS DHANAPAL 14 March 2014 at 11:52

Private placement means any offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) through issue of a private placement offer

7000 NIFTY is a Trap: Better at 5000

Indraneel Sen Gupta 13 March 2014 at 12:37

After a pretty long time I am writing on the Indian capital market. I am compelled to write since I find that this time many investors and my friends are in big dilemma regarding what type of strategy one should adopt to deal with NIFTY levels in the