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CAclubindia Articles


Deposit under new CA Act

Posted by CS Ankur Srivastava 10 June 2014 12825 Views

Detailed provisions of depositExisting Deposits: Where the deposit accepted by the company before the commencement of this Act, the amount of such deposit or part thereof or any interest due thereon remains unpaid on such commencement or becomes due



Karniti Part-40: State Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT

Posted by CA Umesh Sharma 10 June 2014 15696 Views

Arjuna (Fictional Character): Krishna, on 5th June 2014, Deputy Chief Minister and Finance Minister of Maharashtra State presented the finance budget for the year 2014-1



NRI - Non Resident Indian Frequently Asked Questions on Income Tax for AY 2014-15

Posted by CA Chirag Chauhan 09 June 2014 30895 Views

Q) Who is NRI as per Income Tax Act? A) Residential status of an individual or HUF or a company is of great importance in Indian Income Tax Act as the liability to pay tax in India does not depend on the nationality or domicile of the Tax payer but o



Substance over Form

Posted by Amol Gopal Kabra (CA,CS,DISA) 09 June 2014 123578 Views

The concept of substance over form is very difficult to understand for the students in the initial stage. Owing to initial confusion many students either keep it in option or even if they study, dont understand it fully. I have made a short at



S. 194A - Co-operative bank need not deduct tax at source on interest paid to its members

Posted by Rupesh Srivastava 09 June 2014 16361 Views

(2014) TaxCorp(LJ) 3362 (ITAT-BANGALORE) S. 194A - Co-operative bank need not deduct tax at source on interest paid to its members even if the amount exceeded Rs\- 10,000 p.a. It was held that 194A(3)(v) applies to a co-op bank and in view of the exe



Section 139 - Appointment of Auditors

Posted by Saurabh Toshniwal 09 June 2014 19151 Views

Chapter X - Audit & Auditors (Section 139 to Section 148)Section 139 (Appointment of Auditors) Appoint at first annual general meeting who shall continue up to conclusion of 6th AGM Ratification by members at every AGM Written consent from Aud



Comprehensive Agenda Items of First Board Meeting in FY 2014

Posted by Ankur Garg 09 June 2014 14300 Views

Dear All, It is a fact that various new provisions / compliance have been prescribed by Companies Act, 2013. Some of these compliances are such where no transition period has been given. For example Section 12(3) and particularly clause (c) which req



Management of risk emanating from usage of social media by financial institution

Posted by Dinesh Darak 09 June 2014 5514 Views

Abstract Nowadays social media is being used by financial institutions for advertising and marketing, product research, facilitating applications for new accounts, providing incentives, inviting feedback from the public and engaging with existing and



Loan To Director - Simplified

Posted by CA Gaurav Mittal 06 June 2014 29378 Views

SECTION 185 & 186 OF COMPANIES ACT, 2013 SIMPLIFIEDPRACTICAL ASPECTS WITH EXAMPLES The section 185 of CA,2013 was notified on 12th September 2013 and was applicable from that day itself. If there is any deviation from the conditions laid under t



Company Act,2013 - Auditor - Part II

Posted by CA Chirag 06 June 2014 19228 Views

Rotation of AuditorsNewly enacted Companies Act, 2013 comes with a unique feature of Rotation of Auditors. No company can appoint an auditor for a period of more than five consecutive years.The said period of five years is of ten years in case where




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