CAclubindia Articles

Compliance of internal controls

Posted by Bharath Rao 21 March 2015 22699 Views

Towards regaining public confidence In the year 2009, we have seen the investor confidence under the Indian scenario falling from Rs. 300 to Rs. 10 per share. The money so invested was systematically wiped off and withdrawn over a number of years by

Key Managerial Personnel

Posted by CS Divesh Goyal 21 March 2015 25578 Views

KEY MANAGERIAL PERSONNELSection 203 read with rules- 8 of Companies(appointment and remuneration) Rules, 2014 Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL is one of them. While the Companies Act, 195

Budget 2015 Direct taxes,Sukanya Samriddhi Gold Monetisation

Posted by Rajesh Kumar Gupta 19 March 2015 28148 Views

Budget 2015 and Direct Taxes with details of Sukanya Samriddhi and Gold Monetisation Scheme No change in the basic exemption limit and the tax rates of individuals. Slab of Income Rate of Income tax Upto Rs. 250,000 [Ba

Provisions related to dividend as per IT Act & Co Act, 2013

Posted by MONIKA MANNAN 19 March 2015 25582 Views

Section 115-O(1) Of the income tax act provides that every domestic company required to pay dividend distribution tax in addition to income tax on any amount declared, distributed or paid by way of dividends (whether interim or otherwise), whether o

Financial Statements of Banks

Posted by P.T.S. MURTHY 22 July 2023 160720 Views

Bankers are familiar with Profit & Loss Account and Balance Sheet of Corporates as they day in and day out read, analyze, disseminate information for processing the credit requirements of the borrowers. They calculate

Section 92 - An identity crisis for promoters

Posted by Sundharesan Jayamoorthi 18 March 2015 19566 Views

Section 92 –An Identity Crisis for Promoter 92 of the Companies Act, 2013 (“Act”) require all companies including private companies to list out details in the prescribed format containing particulars as they stood on the close of t

Post Budget 2015 Memorandum - Key concerns on Union Budget 2015

Posted by Bimal Jain 17 March 2015 19924 Views

ISSUES FOR AMENDMENTS OR CLARIFICATION BY THE CBEC UNION BUDGET 2015 Amidst huge expectations, the Honble Finance Minister Shri. Arun Jaitley presented the first full-year Union Budget of the Honble Prime Minister Shri. Narendra

GAAR Conundrum

Posted by Gagan Deep Singh 17 March 2015 12589 Views

When Budget 2015-16 was rolled out by our Honorable Finance Minister Mr. Arun Jaitley then plethora of flak faced by our Government from opposition and critics that this budget was pro-industrialists and anti-poor and in their argument they cited a

State VAT & CST on E-Commerce Transactions

Posted by Rakesh Garg 17 March 2015 37903 Views

A significant number of web sites, such as, Amazon.in, Flipkart.com, Snapdeal.com, eBay.in, etc., are engaged in E-Commerce (E-Com., in short) activities in India. The two major forms

Interest income from India - Foreign Remittance - Taxation

Posted by CA Rohit Gupta 16 March 2015 22931 Views

International Tax UpdateInterest Income from India- Foreign Remittance- TDS u/s 195 A. Taxation as per Domestic Law:A.1. Definition of Interest2(28A) "interest" means interest payable in any manner in respect of any moneys borrowed or debt