CAclubindia Articles

It sounds interesting - One Person Company

Aalok Chhaperwal 16 January 2014 at 12:59

Under the existing Company Law framework, a private limited company is required to have a minimum of two shareholders and two Directors. But The Companies Act, 2013 passed by the Lok Sabha provides for the concept of a One Person Company (OPC) in Ind

Brief synopsis for chapters in Financial Reporting

Rahul Malkan 15 January 2014 at 11:13

Consolidated financial statements (CFS) which lead to the subsidiaries of the holding company its summative accounting figure. Putting another way, consolidated financial statements can be addressed as the combined financial statements of a parent

Financial Reporting

Rahul Malkan 15 January 2014 at 11:12

Financial Reporting A financial report is a formal record of the financial activities of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form easy to understand, including related note

The Companies Act, 2013 - Provisions relating to Directors

G S Rao 15 January 2014 at 11:02

Introduction: The Board of Directors is an important body elected by the shareholders which acts as agent of shareholders. The Board is collectively responsible for making policies for good governance and efficient running of the company. The Compani

Karniti Part-19: Kite Fight between Taxpayer & IT Dept

CA Umesh Sharma 15 January 2014 at 11:01

Arjuna (Fictional Character): Lord Krishna, all are happy and enjoying as two festivals Makar Sankranti and Eid are coming together. Children are busy flying colorful kites in the blue sky. Kites o

How to make sure your Income Tax return is not rejected?

Palak Aggarwal 15 January 2014 at 11:00

Most of us file our income-tax (I-T) returns online before the July 31 deadline. Electronic filing (e-filing) is convenient and you can even pay your taxes online. However, filing your returns online does not mean that the process of fi

Taxation of Salary - Points need to know as an employee

CMA Ramesh Krishnan 15 January 2014 at 10:59

Taxation of Salary Points need to know as an employee (Part- 1) Introduction: It is January again and the first month of last quarter for the financial year 2013-14, All the employers are in the process of start asking your proofs for your

Companies to have uniform Financial Year under Co Act

Ankur Garg 15 January 2014 at 10:59

Dear professional Colleagues, The Companies Act 2013, which has partially replaced Companies Act, 1956, by introducing certain new provisions related to corporate law. The Companies Act 2013 partially made effective w.e.f. September 12, 2013, and int

Equity Research- An Investment Advisory Service

Sandeep SHARMA 15 January 2014 at 10:59

(Fundamental Analysis Approach) Investment in securities is - not buying a lottery ticket, but a piece of ownership in a company. Theref

Safe Harbour Rules - International Transfer Pricing

Sandeep SHARMA 15 January 2014 at 10:57

Sandeep SHARMA(CA Final)sandeep.ca92@gmail.com91-93578-95039 Safe Harbour Rules Transfer PricingThe only thing that is constant is change.Change is what has bought us to the juncture and change is what it will take to usher in a