CAclubindia Articles

All about independent directors

Posted by Sitansh Magia 20 May 2015 11175 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 22633 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 26012 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

Finance Bill, 2015 enacted: Significant changes under the Central Excise and the Customs

Posted by Bimal Jain 20 May 2015 6917 Views

Dear Professional Colleague,Finance Bill, 2015 enacted: Significant changes under the Central Excise and the CustomsThe Hon�ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015. Accordingly, the Finance Bill, 2015

New Service tax rate of 14%(Subsuming EC and SHEC) to come into effect from 1st June and other changes

Posted by Bimal Jain 20 May 2015 22620 Views

Service tax rate increased from 12.36% 14% (Subsuming EC and SHEC) effective from June 1, 2015 and Other changesAfter the Hon�ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015, the Ministry of Finance, Departmen

The Companies (Amendment) Bill, 2014

Posted by Amit Dharmani 19 May 2015 12379 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 15531 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 36404 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 14878 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 140285 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