CAclubindia Articles

Budget wishlist 2015 - Highlighting various direct tax provisions

Posted by Shivanand Pandit 18 February 2015 25365 Views

Dear Finance Minister, Make India a tax heaven NOW Respected Sir, Its that time of the year when you are preparing next years budget for presentation in parliament. Hopefully this Budget is not just an an

Changes in boards report

Posted by CS Vasudev Sharma 18 February 2015 20504 Views

CENTURY ENKA LIMITED Comparative Ananlysis of Directors Report as per companies act, 2013 and 1956 Sr.No. Companies Act, 2013 Companies Act, 1956 1 Business/ Financial Highlights Business/ Financia

Sec 138 - companies act, 2013- compulsory internal audit

Posted by CA Sripriya K 18 February 2015 135872 Views

Introduction and Old Vs New Section 138 of the Companies Act deals with Internal Audit of Companies. This section states that certain classes of Companies shall be required to appoint an internal auditor who shall either be a Chartered Accounta

Effective key exam tips

Posted by Divya Agarwal 18 February 2015 43932 Views

I qualified my company secretary examination last year, and luckily was the first one to clear among my peers with whom I started the course. By God’s grace I succeeded in clearing all of my levels at the first attempt and so am

Dormant Companies - Sec- 455

Posted by CA Sripriya K 17 February 2015 24099 Views

Dormant Companies - Sec- 455 In certain cases, Companies are formed only for the purpose of holding certain assets or IPR or for a future project and such companies do not have routine accounting transactions. Further, it is also likely that certain

Section 194DA clarification needed

Posted by Rajesh Kumar Gupta 17 February 2015 181606 Views

Applicability of various provisions of Income Tax Act 1961 to Insurance policies: Also a debate over newly inserted section 194DAA brief DescriptionWith a view to inculcate a habit of thrift, GOI, has through Income Tax Act 1961 and various Finance A

Black money

Posted by CA Raj K Agrawal 16 February 2015 37042 Views

Black money refers to funds earned on which income and other taxes have not been paid. This money is largely accumulated from: 1. Lower income declared by Businessman in Income tax returns. 2. Money of Politicians & Government official created fr

Standard operating procedure for prosecution in cases of TDS/TCS default

Posted by CA SONIYA AGARWAL 16 February 2015 31369 Views

Two categories of cases for prosecution in TDS related offences: LIST A - MANDATORY PROSECUTION :-TDS of more than Rs. 1,00,000 deducted but not deposite

Be wise, when making decisions

Posted by Shivanand Pandit 16 February 2015 19294 Views

Life is full of decisions, and we make a number of them every day.The decisions we make range from the trivial to crucial. What we decide will determine the kind of person we become later. Of all the precious and exquisite life proficiencies an abili

Cricket and income tax, what is similarity, you must know it

Posted by CA Umesh Sharma 16 February 2015 20112 Views

KARNEETI Part 76Cricket and Income Tax, what is similarity, you must know it.Arjuna (Fictional Character): Krishna, the 11th Cricket World Cup has been started in Australia. In these days 14 countries will compete against each other. In Cricket there