CAclubindia Articles

Dormant Companies - Sec- 455

Posted by CA Sripriya K 17 February 2015 24098 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 20110 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

Section 73&76 of companies act not mandatory

Posted by ANMOL JHA 16 February 2015 28913 Views

Dear Professional colleagues,Have a serious look into what is stated herein with your skillful application of mind. Section 2(31) of the Companies Act,2013, defines deposit and according to the definition all receipts of money by a company have been

Repayment of deposits u/s 74 of companies act, 2013

Posted by Raghavendra Chakravarthy 14 February 2015 23631 Views

Dear professional colleagues, Firstly I wish to thank Mr. Anmol Jha for bringing out this controversial topic to enlighten the professionals. I am herewith posting my understandings and comments, fo

Further issue of share capital u/s 62 CA,2013- Part-II

Posted by CS M.Kurtrala Nathan 13 February 2015 15413 Views

Section 62 of the Companies Act,2013 deals with the Further Issue of share capital to Employees under Employee Stock Options Scheme and to any persons on preferential basis. In my previous article (Part I), I have discussed about the Issu

Further issue of share capital u/s.62 of co. act, 2013- Part-I

Posted by CS M.Kurtrala Nathan 12 February 2015 21603 Views

A company (including Private company) having a share capital can increase its subscribed capital by issue of further shares to persons who are holders of equity shares of the company in pr