CAclubindia Articles

All about independent directors

Posted by Sitansh Magia 20 May 2015 11215 Views

INDEPENDENT DIRECTOR (ID):The term is defined in sec 149(5). In nut shell, a person qualifies for being appointed as the ID if (a) he is not the Promoter or related to the promoters of the company, its holding co., subsidiary companies or associate c

"My fair lady" for Chartered accountants firms

Posted by Rajat Mohan 20 May 2015 22645 Views

IntroductionAppointment of statutory auditor has always been an eye-popping issue under the Companies Act, 1956. Lawmakers have always given a great significance to these provisions in order to maintain the integrity, objectivity and unbiasedness o

TDS under Haryana VAT

Posted by Rajat Mohan 20 May 2015 26051 Views

1. INTRODUCTIONAll state under their respective VAT law has made the provision for deduction of VAT from payment to be made to the contractor at the time of payment. Every contractee make payment to the contractor to disch

The Companies (Amendment) Bill, 2014

Posted by Amit Dharmani 19 May 2015 12408 Views

The details of the amendments are as under:1. Requirement of minimum paid- up share capital for private and public companies is proposed to be omitted. (For ease of doing business)In terms of section 2(68) and 2(71) of the Companies Act, 2013, privat

Fees u/s 234E held as constitutionally valid, will still missing

Posted by Sahil Jolly 19 May 2015 15565 Views

Fees u/s 234E held as constitutionally valid, will still missing�. Recently, in the case of Rashmikant Kundalia and another vs Union of India and others, the constitutional validity of the fees being charged u/s 234E for delay in filing TDS re

Service Tax Amendments applicable w.e.f 14th May 2015

Posted by Alok Agarwal 19 May 2015 36445 Views

Service Tax Amendments applicable w.e.f 14.05.2015 On 14-05-2015, Finance Bill 2015 has become Finance Act 2015 as it received assent from the president. Let us analyse certain provisions which become applicable on enactment of the Finance Bill 2015

Beware of the side effects of TDS on deposits in Co-op banks

Posted by CA Umesh Sharma 18 May 2015 14887 Views

Karneeti Part 89 Beware of the side effects of TDS on the Interest of Deposits in Co-op. Banks w.e.f 1st June, 2015Arjuna (Fictional Character): Krishna, Income Tax Department has introduced the provision of TDS deduction on the Interest of Fixed Dep

GST - A detailed explanation with examples!

Posted by Shivashish 18 May 2015 140316 Views

Brief Intro: Introduction of Goods and Services Tax (GST) will indeed be an important perfection and the next logical step towards a widespread indirect tax reforms in India. As per, First Discussion Paper released by the Empowered Committee of the S

Snapshot of changes in operative provisions by the Companies (Amendment) Act, 2015

Posted by Sitansh Magia 27 June 2016 9847 Views

The Companies (Amendment) Bill, 2015 - Proposed changes The Companies (Amendment) Bill, 2015 is on the anvil of becoming a reality now. This will reduce many procedural requirements. All proposals seem to be favourabl

Income computation & disclosure standards

Posted by Unnat Agarwal 18 May 2015 11813 Views

Introduction At present India is going through one of the major tax reforms. In last two budgets our Finance Minister had introduce lots of things to make our economy globalize. �Income Computation and Disclosure Standards is one of the parts o