CAclubindia Articles

Analysis of Provisions on Statutory/Cost/Secretarial Audits & Auditors

CA Nitesh Kumar More 04 March 2014 at 11:52

THE COMPANIES ACT 2013(Chapter X- Sections 139 to 148 & 204) About the Act The long-awaited new Companies Bill 2012 has at last seen the light of the day as The Companies Act 2013 (Act No.18 of 2013) with its publication in the Gazette of India E

Credit Facilities of Banks

CA Rishi Goyal 03 March 2014 at 11:54

Credit Facility is an agreement with bank that enables a person or organization to be taken credit or borrow money when it is needed.All types of credit facilities may broadly be classified into two groups on the basis of Funding1. Fund Base Credit 2

Why high inflation is bad for economy?

Satvir Singh 01 March 2014 at 15:30

Inflation is buzz word these days. Infact it remains a buzz word most of the times. India is currently going through a phase of high inflation, which is why words controlling inflation crop up quite often in Government & RBI policie

The Day and the Way I cleared CA

Anurag Pandey 01 March 2014 at 12:51

THE DAY AND THE WAY I CLEARED CHARTERED ACCOUNTANCYYeeessssssssssssssssss I am a CA !! I shouted This was my first reaction when I heard that I have cleared both groups of CA Final in Nov2012 attempt. It was 21st Jan2013 and I w

Restriction of ITC on iron and steel under Punjab VAT

Amit Bajaj 01 March 2014 at 12:50

I had prepeared representation on behalf of Iron and steel industry in Punjab, which has been filed with the Punjab Government for withdrawl of latest notification dated 01.02.2014 regarding restriction of input tax credit on iron and steel goods to

Comparison of CSR Rules, 2014 with draft CSR Rules

Mohit Jain 01 March 2014 at 12:50

MCA has notified the provisions relating to Corporate Social Responsibility (CSR) of the Companies Act, 2013 [Section 135 and Schedule VII of the Act read with Companies (Corporate Social Responsibility Policy) Rules, 2014]. These provisions will be

Taxability on Non-Resident Sportsperson

MOHIT JAIN 28 February 2014 at 13:19

Taxability of Non Resident Sportsperson/Entertainer/Sports Association Taxability of any Non-Resident in India is governed by the provisions of Income Tax Act and Provisions of DTAA, whichever is more beneficial.In case of taxability of Non Resident

6 factors to choose the right diversified equity fund

Ramalingam K 28 February 2014 at 13:12

To invest in a diversified equity fund, you need to pick the right one that suits your requirement best is plain wisdom. It is easier said than done. Where there are hundreds of equity funds each claiming the best returns, it is quite puzzling to zer

Hedging

CS M Pota 28 February 2014 at 13:11

Dear Readers,I have tried to simplify the concept of hedging by this Article. There are 14 instruments available in Hedging I have covered 7 instruments in Part -1 and will cover remaining 7 instruments in Part -2 of the Article. Hedging (Part-1) I

TDS - Consequences of Default

Lalit kundalia 27 February 2014 at 13:52

TDS - TDS means 'Tax Deducted at Source'. TDS is one of the modes of collection of taxes, by which a certain percentage of amount is deducted by a person at the time of making / crediting certain specific nature of payment to the other person