CAclubindia Articles

Board's Performance Evaluation

Posted by Sundharesan Jayamoorthi 22 June 2015 48196 Views

Boards need to understand each other in terms of values, beliefs, and purpose. This session is "Evaluating Board Performance,� a formal evaluation of the Board and individual directors are one potentially effective way to respond to the de

Manage your wealth

Posted by dinesh 22 June 2015 13704 Views

Managing your wealth is as important as acquiring it. Remember without proper management your wealth will never be as you wanted it to be.Wealth management involves following:  Investment planning  Insuring against the risks 

Clause wise discussion of form 3CD- Part 1

Posted by CA Mayank Khatri 22 June 2015 99235 Views

Clause 1- Name of the assessee Under clause (1) the name of the assessee whose accounts are beingaudited under section 44AB should be given. However, if the tax audit is inrespect of a branch, name of such branch should be mentioned along withthe nam

Applicability of Rule 6 of CCR for interest income

Posted by CA.Nagabhushan 22 June 2015 25738 Views

After the introduction of Negative list of services from 01-07-2012 there are many issues arising with respect to Cenvat Credit availment, utilization and also appl

FAQ on New Companies Act, 2013- Auditor's Restricted Services

Posted by CA Sripriya K 22 June 2015 18044 Views

Our firm also renders accounting services for a client for the year 2014-15. Can we be the auditor for the year 2014-15.According to Sec. 144 an auditor appointed under this Act is bound by the Board of directors or the Audit committee to provide o

Taxation of share of AOP in the hands of companies

Posted by CA Santosh Dhumal 22 June 2015 26703 Views

Membership of AOP/ BOI. Section 67Aof Income Tax act 1961 deals with method of computing members share in income of AOP / BOI. As per the Sec67(A). (1) In computing the total income of an assessee who is a member of an association of persons or a bo

An opportunity to file six year ITR to claim TDS

Posted by Salil Arora 22 June 2015 49968 Views

An Assessee Can only file return for last 2 years and claim refund if any due and not beyond that. In case he missed to file return within prescribed timeline he has no choice other than to forget his refund claim.Income Tax Department in Latest circ

XBRL becoming all pervasive!

Posted by CA SONIYA AGARWAL 22 June 2015 10154 Views

XBRL is an electronic format for communication of business and financial data which is revolutionizing business reporting around the world. The standardization in-built in the XBRL documents provides significant benefits in the preparation, analysis

FM forms 2 Committees for facilitating implementation of GST from April 1, 2016

Posted by Bimal Jain 19 June 2015 14662 Views

Dear Professional Colleague,FinMin forms 2 Committees for facilitating implementation of GST from April 1, 2016Bracing to roll out the new Indirect tax regime � Goods and Services Tax (�GST�) from April 1, 2016, the Central Governme

Importance of written representation in Audit

Posted by CA Amrita Chattopadhyay 19 June 2015 55001 Views

IMPORTANCE OF WRITTEN REPRESENTATION IN AN AUDIT IntroductionCompanies Act 2013 has increased the responsibility of the auditor to manifold. The auditor has to take into consideration many factors while issuing report to the members of the company.As