CAclubindia Articles

Much ado about nothing in section 188 (Related Party)

Posted by ANMOL JHA 24 February 2015 7744 Views

The section 188 of the Companies Act, 2013 imposes restrictions/conditions relating to related parties transactions and for the purpose of imposing restrictions and conditions the said section 188 authorizes Central Government to make rule. The Cent

Companies Act, 2013- Sch II depreciation revised

Posted by CA Sripriya K 24 February 2015 24108 Views

Schedule II of the Companies Act 2013 Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less i

Main Hoon Na - CSR is not street charity?

Posted by Sundharesan Jayamoorthi 24 February 2015 5656 Views

Street Charity chant, please do charity in the name of almighty, reaction to this may be impulsive, we donate but without knowing the cause. This impulsive charity does not require the caregiver to look back on who the beneficiary is an

Simplifying Delhi VAT - Legal & procedural relaxations expected

Posted by CA Ankit Gulgulia (Jain) 24 February 2015 9018 Views

Simplifying Delhi Value Added Tax Legal & Procedural Relaxations Expected

Who's budget first? Personal or governments

Posted by CA Umesh Sharma 23 February 2015 6974 Views

Karneeti Part 77Whos Budget First? Personal or GovernmentsArjuna (Fictional Character): Krishna, Honorable Finance Minister Mr. Arun Jetley will be declaring the Finance Budget of 2015-16 on 28th February in the Loksabha. Everyone is excited f

What Union Budget of India 2015-16 should include?

Posted by CA Chiranjiv Kumar 23 February 2015 7817 Views

Finance minister Arun Jaitley will present Union budget of India for 2015-16 on 28th February. Now there are some points which should be included in it. Infrastructure Projects - There are nearly 5 lakh crores worth of infrastructure projects which a

Input credit mechanism under proposed GST regime

Posted by Kaushik Vinod 23 February 2015 10962 Views

Input Credit mechanism under proposed GST regime-The milestone to achieveBACKGROUND:Before I begin this article it is worthwhile to discuss the background behind this since as of today no professional as well dealer is sure about the consequences of

New scheme of education & training - Practical analysis

Posted by CA. Saket Ghiria 23 February 2015 13471 Views

As per Srimad Bhagavad Gita, It is only change which remains forever and every other thing changes with the change. So true. More than 5,000 years ago, humanity got this divine knowledge which is becoming more and more rel

Ind AS applicability

Posted by Ashima chachra 23 February 2015 269870 Views

Indian Accounting Standards (Ind As)As we all know that as per Notification of Ministry of Corporate Affairs on 16th February2015 Ind As has came into force. They shall come into force on the 1st day of April, 2015. I have gone through the notificati

Guide to grant of refund under MVAT act

Posted by gopal Santosh Darak 23 February 2015 10398 Views

Introduction: -After introduction of VAT, a large quantum of refund application have beenfilled. The Department under going transition due to which business processhave undergone many changes. As result, a num