CAclubindia Articles

Section 135 of Companies Act-2013 CSR

CA. Jagdish Sitapara 02 January 2014 at 13:05

Corporate Social ResponsibilityUnder The Companies Act - 2013 Section 135 Applicability: Every company having:-Net worth of ` 500 crore or more, orTurnover of ` 1000 crore of more, or Net profit of ` 5 crore or more,During any financial year shall c

The Anatomy of Controls

Nishanth 02 January 2014 at 13:04

This was first posted on my website www.theauditschool.com. Every step I take in learning new things about internal controls, audit or risk management, I like to take two steps back to see the basic concepts which I have learnt years back and see

All about Home Loan

CA Hardik Mehta 02 January 2014 at 13:01

1. For what purposes can I seek a first time home loan?You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for

Inflation can indeed be brought down

CA Anil Garg 02 January 2014 at 13:01

Ever rising food prices have been hurting everybody in India for last several years, taking sheen out of otherwise spectacular economic growth so much that darling of the world recently during President Obamas visit a few years ago has become

NHB Tax free Bonds- An Insight

Ashish Kedia 31 December 2013 at 13:37

Very warm Christmas wishes to one and all!! National Housing Bank (NHB) has decided to play Santa this Christmas and has announced an issue of tax free bonds with coupon/ interest rates as under: 10 year 15 Year 20 year

Income Tax on Buyback of Shares

sudhir.kochhar 31 December 2013 at 13:33

What do you mean by Buy Back of shares?ANSWER: Concept of Buy-Back of SharesThe concept of buy-back is a recent one so far as India is concerned. The Companies Amendment Act, 1999 introduced the concept of buy-back of shares.Buy-back of share

Karniti Part-17: Let's review major 13 tax & law events of 2013

CA Umesh Sharma 30 December 2013 at 11:31

Lets review 13 major developments in Tax & other laws of 2013Arjuna (fictional character): Krishna, Year 2013 is coming to end and New Year 2014 will begin soon. Time passes so quickly! While discussing various issues on tax laws, we did n

Form C under central Sales Tax Act 1956

CA Chandra Kishore Bajpai 30 December 2013 at 11:31

In my last article Sale/Purchase--Intra State Vs Inter-State I made an effort to understand the concept of Inter-State Sale/purchase under Central sales Tax Act, 1956 (CST). State Government cannot levy the tax on inter-State Transactio

Stability of Laws is not undesirable

CA Anil Garg 28 December 2013 at 16:37

If there were to an international survey on stability of tax laws or the absence of it, India should undoubtedly be at the top in absence of it. Governments, both state and centre, work overtime to churn out amendments and new circulars/notifications

Different types of Accounts in Banks

CA Gyati Gupta 27 December 2013 at 13:02

Hello everyone, This is Gyati Gupta, fresher in CA Final.This is my first article on this site ,the idea to write a quality article cropped up in my mind quiet a few weeks ago but I was confused about the topic I should choose. Though most of you