CAclubindia Articles

Reasons why our court take decades to decide cases

Posted by CA Anil Garg 20 April 2015 8703 Views

It is nearly impossible not to be experienced as a litigant if you are businessman in India for some time. In fact, chances are that in the very first year of operation, you will start having appeals with sales tax and excise authorities which will e

TDS on Rent u/s 194-I

Posted by CA. Kapil Goel, DISA(ICAI) 20 April 2015 20152 Views

Any person who is not an Individual or HUF, who is paying any income to resident by way of rent is liable to deduct tax at source only in case the aggregate of the amount of such rent credited or paid or likely to credited or paid during the financi

GST Constitution Amendment Bill- A Comparative Analysis

Posted by Rajat Mohan 28 June 2016 23826 Views

IntroductionGST Constitution Amendment Bill was presented in the parliament for the purpose of introducing Goods and Service Tax. Currently GST is the hot topic in India. Bill contains the provisions that will be applicable under Goods and Service

Dissolution of a partnership firm

Posted by CA. Kapil Goel, DISA(ICAI) 17 April 2015 19752 Views

There are many consequences where the partners feel the need to close the partnership firm. As per our Partnership Act the closure of firm is termed as dissolution of firm. In the words of bare act "The dissolution of partnership between all the

The Pros and Cons of incorporation of OPC

Posted by CS MOHIT SALUJA 17 April 2015 13480 Views

THE PROS AND CONS OF INCORPORATION OF ONE PERSON COMPANY (OPC) With the enactment of Companies Act, 2013 w.e.f. April 1, 2014, a new concept called “ONE PERSON COMPANY (OPC)” also came into existence. The legislature were of the view that

Indian accounting standards converged with IFRS (Ind AS)- An Overview

Posted by Amit Bavishi 17 April 2015 39663 Views

The world is getting smaller and smaller,globalization has made it possible to accept the world as one market. For better understanding of the business reporting and consistency in accounting policies, there was an urgent need to align to one global

CSR- Companies Act, 2013

Posted by CS Divesh Goyal 16 April 2015 23009 Views

Presently Corporate Social Responsibility (CSR) expenditure is at the discretion of the corporate however after enactment of Section 135 of Companies Act 2013 such expenditure is made mandatory for certain corporate. Corporate Social Responsibility (

Books of VAT accounts

Posted by Rajat Mohan 16 April 2015 40860 Views

Books of VAT Accounts --Sale book, Purchase Book, Tax Invoice, Retail Invoice, Challans many more to discuss1. Introduction:In general, terms books or books of account include ledgers, daybooks, cashbooks, account-books and other books, whethe

Tax Accounting Standards (ICDS) - An Overview

Posted by CA KiranKumar.K 16 April 2015 40206 Views

Whats the need: It has been a discussion since two decades arguing that the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) are so flexible that it&rsquo

International Tax - Case Law Analysis-2015: Series 3

Posted by CA Rohit Gupta 16 April 2015 11951 Views

International Tax Update: India Foreign Remittance: Taxability: Case Law Analysis 2015: Series 3 1. Reimbursement of Technical Expenses to Head office: Bureau Veritas-Indian Division vs. ADIT [2015] 54 taxmann.com 139 (Mumbai - Trib.): The Assessee w