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CAclubindia Articles


Non Fund Based Credit Facility by Banks

Posted by RAM KUMAR GUPTA 23 July 2014 51819 Views

IMPORTANT POINTS FOR LETTER OF CREDIT AND BANK GUARANTEEWHO IS? APPLICANT:The buyer /importer of goods: This person has to make payment of letter of credit to the issuing bank if the documents are in accordance with the terms and conditions of LC.1.



Depreciation, Companies Act 2013 & The Practical Implication

Posted by Naresh Kansala 22 July 2014 477253 Views

Depreciation, Companies Act 2013, and The Practical ImplicationAs we all know companies bill is passed by both houses of parliaments and some of is section are applicable from 1-4-2014. i.e. out of 470, 283 sections are applicabl



Is Secretarial Audit Mandatory for Financial Year 2013-14?

Posted by KASHIF ALI 22 July 2014 10982 Views

SECRETARIAL AUDIT UNDER COMPANIES ACT, 2013 WHAT IS SECRETARIAL AUDIT? Secretarial Audit has introduced by recently enacted Companies Act, 2013. It is compliance audit, by independent practicing company secretary. The purpose is to



Intimation to ROC for Auditor appointment in Form ADT.1

Posted by Ankur Garg 22 July 2014 278347 Views

Dear All, As we all are aware that there is a provision in Company Law for intimation to Registrar of Companies regarding appointment of statutory auditor in the Annual General Meeting by shareholders. This intimation is an annual intimation and it w



Be Alert! Border Check Post by Sales Tax Department of Maharashtra is here

Posted by CA Umesh Sharma 22 July 2014 10711 Views

Karniti Part 46Be Alert! Border Check Post by Sales Tax Department of Maharashtra is here Arjuna (Fictional Character): Krishna, In Maharashtra 32 New Check Post have been constructed, it means that on Maharashtra border every Inward a



Clarification - Increase in Limit - Liberalised Remittance Scheme

Posted by CS Aditya Singhania 22 July 2014 9719 Views

Clarification - Increase in the limit from USD 75,000 to USD 125,000 for resident individuals under Liberalized Remittance Scheme (LRS) {Notification No. "RBI/2014-15/132 A.P. (DIR Series) Circular No.5 dated 17th July, 2014} Before going into t



Stock Transfer Under Central Excise

Posted by Annu Agarwal 22 July 2014 37801 Views

Issue discussed: Stock Transfer By Registered Dealer Under Central ExciseThere have always been different views as to the consequence of Stock Transfer by Dealer under Central Excise. Some have the opinion that there is a change in stage i.e. from Fi



Union Budget 2014 - Part II

Posted by CA.Hanumantha Reddy 21 July 2014 13549 Views

UNION BUDGET 2014-15Direct Taxes No change in corporate tax rate. No change in surcharge for all taxpayers Education cess remains same for all taxpayers. Insertion of new clause with effect from 01.10.2014 section 2(13A) Business Trus



Audit and Auditors under CA,2013

Posted by Saurabh Maheshwari 21 July 2014 24524 Views

Hello friends, greetings of the day!!In this article we will be discussing the various provisions of Companies Act, 2013 w.r.t Audit and AuditorsBrief note on legal provisions governing statutory audit under CA, 2013:The provisions of section



Highlights of Budget -- Finance Bill, 2014 PART - III

Posted by Member (Account Deleted) 21 July 2014 15440 Views

For Previous Article PART - I Click HereFor Previous Article PART - II Click HerePART - III**International Tax Characterization of income in case of Foreign Institutional Investors (FII) Section 2(14) Definition of the term Capital Ass




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