CAclubindia Articles

Karniti Part-16: Tax planning for Children is not a child's play

CA Umesh Sharma 23 December 2013 at 11:16

Income Tax planning for Childrens is not a childs play.Arjuna (fictional character): Dear Krishna, the festival of Christmas is being celebrated all over the world very joyfully. In this festival Santa Clause make exchange of gifts to a

Rent Free accommodation and Taxation

TKKKKKK 20 December 2013 at 15:40

When employer provides employee facility of rent free accommodation. value of it is taxable as a perquisites in salary head of income tax.For calculating perquisites value taxpayer has to follow two steps.step 1: find out unfurnished accommodatio

Service Tax & Cenvat Provisions For Automobile Dealers

CA Ankit Bhutoria 20 December 2013 at 15:40

SERVICE TAXCenvat For Automobile DealersBrief Introduction Automobile Dealers are normally engaged in Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principal. In the course of se

Shifting of Registered Office Outside State

CS DHANAPAL 20 December 2013 at 15:40

Out of State Shifting of the Registered Office under the Companies Act, 2013 Provisions relating to shifting of the registered office from one state to another are contained in Section 13(4) of the Companies Act, 2013 which are detailed in the rule n

Mergers, Amalgamations & Takeovers

C.S.SAVEESH.K.V. 18 December 2013 at 13:22

CONCEPT The Companies Act, 1956 does not define the term Merger or Amalgamation. However it deals with schemes of merger/ acquisition which are stipulated under Section 391 to 394. This scheme is known as S

Different Committees as per the Companies Act, 2013 - Part IV

Vandana J Doshi 18 December 2013 at 13:21

Hello Friends,In continuation of my previous articles on the Corporate Social Responsibility Committee, the Nomination & Remuneration Committee and the Stakeholders Relationship Committee, let us further take a look into another and definitely th

Corporate Social Responsibility and its Challenges

CA LAXMI 18 December 2013 at 13:21

CSR (Corporate Social Responsibility) is not a new concept in India. CSR has gone through many phases in India. Ever since their inception corporates like Tata, Aditya Group & Indian Oil Corporations have been involved in serving community. Throu

Karniti Part-15: MVAT Audit Some Beliefs and Misbeliefs

CA Umesh Sharma 17 December 2013 at 11:32

Arjuna (fictional character): Krishna, In Maharashtra State, under Maharashtra Value Added Tax Act, VAT audit in FORM 704 is mandatorily required to be carried out and e-filed before 15th January 2014 for the fin

Happy Talk

ACCA India 17 December 2013 at 11:32

In an effort to replace GDP as a measure of progress, statisticians are trying to gauge happiness through tangible life-quality elements. But will these be lost in translation? When the authors of the US declaration of independence said that l

The Companies Act 2013- Provisions relating to dividend payment

G S Rao 17 December 2013 at 11:30

Introduction: The word "dividend" has origin from the Latin word dividendum. It means a thing to be divided. Every investor is aware that dividend is nothing but profits earned by the company and divided amongst the shareholde