CAclubindia Articles

Risk Management Policy

Posted by Sundharesan Jayamoorthi 28 March 2015 62095 Views

Section 134(3)(n) - Risk Management Policy There was some relief when the regulators relaxed the reporting requirement of Internal Finance Control (IFC) under section 134(5)(e) of the Companies Act, 2013 (the Act) which is applicable for listed comp

What is domestic transfer pricing?

Posted by Karan Khatri 27 March 2015 24131 Views

INTRODUCTIONApplicability of transfer pricing provisions was earlier limited to International Transactions only. With effect from 01.04.2013, the scope of Transfer Pricing provisions is extended to Specified Domestic Transactions and is

Loan to Directors- Section 185

Posted by Monika Jain 27 March 2015 22103 Views

New Company law puts a complete prohibition on grant of loans to Directors and persons in which such directors are interested except a few exceptions. Further the section is applicable on all types of companies, be private or public. Section 185 proh

Inflation- Still too big to ignore

Posted by CA. Saket Ghiria 27 March 2015 8945 Views

The entire campaign of Bharatiya Janta Party (BJP) for the 2014 General Elections was surrounded towards the revival of economy and Modi Government reaffirmed its promises on the very day of taking oath for the government. To attract growth, it is es

How many previous years Income Tax returns can be filed after due date?

Posted by CA Umesh Sharma 27 March 2015 37864 Views

Karneeti Part 81How many previous years Income Tax returns can be filed after due date? Lets remove confusion. Arjuna (Fictional Character): Krishna, just a few days are left for the end of financial year 2014-15. Some lethargic tax pa

An Overview to Maharashtra Budget 2015-16

Posted by gopal Santosh Darak 26 March 2015 17245 Views

Finance Minister Shri.Sudhir Mungantiwar of BJP government Maharashtra has presented his very first budget on Wednesday, 18’Th March 2015.State government of Maharashtra has presented budget on the lines of the Central government’s Budget

Ready referencer on bank audit- 2015

Posted by CA Amresh Vashisht 26 March 2015 21581 Views

The Institute of Chartered Accountants has already issued 660 Page Guidance Note Bank Statutory Audit 2015.The publication is a regular annual publication with the foreword note of new President in Office. This is the Tenth Edition. The first Edition

Tendering audit services is a menace to the CA fraternity

Posted by CA Amresh Vashisht 26 March 2015 11925 Views

The latest quote price of Rs 2 per month per panchayat at Madhya Pradesh has once again shattered the profession heart & soul. Thank GOD this time, its double to 2012 rates, where the lowest tender for primary school audits was Re 1 per sc

Provision relating to auditor under new Companies Act

Posted by CS Divesh Goyal 25 March 2015 20160 Views

PROVISONS RELATING TO AUDITORPROVISIONS ON AUDITORSUNDER COMPANIES ACT, 2013 I have earlier discussed the many provisions relating to auditors in my earlier articles. Earlier published articles are as following: I. Appointment of AuditorII. Resignati

Should the company re-pay the deposits

Posted by CS MOHIT SALUJA 24 March 2015 19220 Views

As the month of March is on its end, most of the companies which have taken loan earlier under the companies act 1956 and have filed DPT-4 in this Financial year declaring that the companies has such and such amo