CAclubindia Articles

TDS on Rent u/s 194-I

Posted by CA. Kapil Goel, DISA(ICAI) 20 April 2015 20119 Views

Any person who is not an Individual or HUF, who is paying any income to resident by way of rent is liable to deduct tax at source only in case the aggregate of the amount of such rent credited or paid or likely to credited or paid during the financi

Dissolution of a partnership firm

Posted by CA. Kapil Goel, DISA(ICAI) 17 April 2015 19721 Views

There are many consequences where the partners feel the need to close the partnership firm. As per our Partnership Act the closure of firm is termed as dissolution of firm. In the words of bare act "The dissolution of partnership between all the

The Pros and Cons of incorporation of OPC

Posted by CS MOHIT SALUJA 17 April 2015 13457 Views

THE PROS AND CONS OF INCORPORATION OF ONE PERSON COMPANY (OPC) With the enactment of Companies Act, 2013 w.e.f. April 1, 2014, a new concept called “ONE PERSON COMPANY (OPC)” also came into existence. The legislature were of the view that

Indian accounting standards converged with IFRS (Ind AS)- An Overview

Posted by Amit Bavishi 17 April 2015 39637 Views

The world is getting smaller and smaller,globalization has made it possible to accept the world as one market. For better understanding of the business reporting and consistency in accounting policies, there was an urgent need to align to one global

Books of VAT accounts

Posted by Rajat Mohan 16 April 2015 40822 Views

Books of VAT Accounts --Sale book, Purchase Book, Tax Invoice, Retail Invoice, Challans many more to discuss1. Introduction:In general, terms books or books of account include ledgers, daybooks, cashbooks, account-books and other books, whethe

CSR- Companies Act, 2013

Posted by CS Divesh Goyal 16 April 2015 23002 Views

Presently Corporate Social Responsibility (CSR) expenditure is at the discretion of the corporate however after enactment of Section 135 of Companies Act 2013 such expenditure is made mandatory for certain corporate. Corporate Social Responsibility (

Tax Accounting Standards (ICDS) - An Overview

Posted by CA KiranKumar.K 16 April 2015 40187 Views

Whats the need: It has been a discussion since two decades arguing that the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) are so flexible that it&rsquo

International Tax - Case Law Analysis-2015: Series 3

Posted by CA Rohit Gupta 16 April 2015 11935 Views

International Tax Update: India Foreign Remittance: Taxability: Case Law Analysis 2015: Series 3 1. Reimbursement of Technical Expenses to Head office: Bureau Veritas-Indian Division vs. ADIT [2015] 54 taxmann.com 139 (Mumbai - Trib.): The Assessee w

The Companies (Auditor's Report) Order, 2015

Posted by RAHUL KUMAR 16 April 2015 20505 Views

The MCA has issued Companies (Auditor's Report) Order,20l5. It shall come on to force 10 th april 2015ELIGIBLE COMPANY FOR CARO 2015 S.No. COMPANY ELIGIBILTY 1 Every company including a Foreign company

Various forms prescribed under The Companies (Incorporation) Rules 2014

Posted by CS ( Dr.) Rajeev Babel 14 April 2015 17109 Views

The companies (Incorporation) Rules, 2014 has provided various forms relating to the incorporation of company. The table given below provides, at a glance look, of the forms prescribed under the said rules along with the relevant sections of the Comp