CAclubindia Articles

Expiry date for directors

Posted by Sundharesan Jayamoorthi 10 March 2015 30648 Views

March 31 is round the corner and every director has to be doubly vigilant about his existence as some of the mundane provisions listed out in the Companies Act, 2013 (Act) prescribe for a expiry date for a director in case of certain no

Budget 2015 not for small & medium service sector

Posted by CA Satish Badve 10 March 2015 15964 Views

BUDGET 2015 Hon. Finance Minister has presented first Full year budget of his Govt. on 28.02.15. The expectations were very high and everyone wish this budget as dream budget which have at least something for all say 125 crores of the Indian populati

Stage now set for implementing Accounting Standards converged with IFRS

Posted by CA. Rajvir Bhatnagar 10 March 2015 13952 Views

Ministry of Corporate Affairs has finally announced the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Accounting Standards converged with IFRS. A notification in this regard has been issued on 16th February, 2015. Important

Women and the will to succeed!

Posted by Hetvi Sheth 09 March 2015 15305 Views

Indian economy has changed tremendously in last 15-20 years. Liberalisation of economy and globalisation has created manifold growth opportunities for women, whether qualified, semi-qualified and even uneducated. The outlook of society towards women

Reversal of Input tax credit on account of mismatches

Posted by RENGARAJ R.K 09 March 2015 16980 Views

Input Tax Credit reversal on account of mismatches found in the Returns under Tamilnadu VAT Act, 2006.-rengaraj r.k, advocate, swamy associatesIntroduction: In the recent times, the Commercial Taxes Department has started issuing Notices and passing

Budget session and GST, will tyranny of opposition end?

Posted by Kaushik Vinod 09 March 2015 11061 Views

Introduction:Everyone including me is very optimistic about passage of GST Bill in both the houses of Parliament in this undergoing budget session of parliament which has started from 23 Februa

Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed

Posted by CA Umesh Sharma 09 March 2015 15452 Views

Karneeti Part 79Good news, High Court orders to grant MVAT refund as per return where Form 501 not filed.Arjuna (Fictional Character): Krishna, Good News!!! Mumbai High Court on 3rd March, 2015 has ordered to assess and grant MVAT refund on the basis

An Ode to Women Professionals

Posted by Anjani Kumar Sharma 08 March 2015 15998 Views

या देवी सर्वभुतेषु CA रूपेण संस्थिता । नमस्तस्यै नमस्तस्यै नमस्तस्यै नमो नमः II (To the Divine Woman, who resides in all existence in the form of a Chartered Accountant, We bow to her, we bow to her, and continually we bow to her) Parents in India c

Guideline value on the sale of a property & exemption

Posted by Shrinivas (CA, LLB, CISA) 09 March 2015 20299 Views

Land, one of the wonderful gifts of nature is now an item subject to taxes when the land is transferred from one person to another. The next question in hand is, what is the amount on which the taxes are to be paid?Mr. ABC, who resided in Mumbai, sol

Consequence on default in TDS

Posted by SAMEER AHMED 09 March 2015 28235 Views

Here we will get to understand that what defaults are oftenly occurs in TDS and how we can prevent ourselves from the penalties and fines in TDS under section 201(1), 201(1A) and 234E of Income tax act 1961.If we do a bit