CAclubindia Articles

VCES - ST paid after 1-3-2013 but before 10-5-2013

Posted by Bimal Jain 08 May 2014 9834 Views

Dear Professional Colleague,Service Tax paid after March 1, 2013 but before enactment of VCES on May 10, 2013 Should be considered as paid under VCESWe are sharing with you an important judgment of the Honble Gujarat High Court in the

Unexplained Cash Credits, Investments, Money etc.

Posted by CA. Nishant Jain 07 May 2014 20203 Views

Unexplained Cash Credits, Investments, Money etc.Compiled by CA Nishant Jain Section 68: Cash Credits Where any sum is found credited in the books of an assessee, maintained for any previous year and the assessee offers no explanation about the natur

Sec 188 of CA13-Analysis and Ambiguities

Posted by Varad Khambete 07 May 2014 24659 Views

Note on related party transactions under the Companies Act, 2013 (the Act) and the Companies (Meetings of Board and its Powers) Rules, 2014 (the Rules) Index I Introduction II Applicabil

Exemption for Leave Travel Concession u/s 10(5) of the IT Act

Posted by Prashant Bhosale 07 May 2014 80996 Views

Section 10(5) of the Income Tax Act, 1961 (along with Rule 2B of the Income Tax Rules) governs calculation of tax exemption on LTA. Each year organizations face significant difficulty while calculating tax exemption on LTA when they carry out the yea

100 amendments of Co. Act, 2013 - Part 3

Posted by CA Neha Bhuwania 07 May 2014 14553 Views

Click Here to read the 1st part of the articleClick Here to read the 2nd part of the article Amendment 32: Section 92 [Annual Return] The Annual Return of the Companies shall now require additional information to be included. Particulars like details

How did an english teacher set up a Rs. 90000000000000 company

Posted by Rohit Jain 07 May 2014 26490 Views

Stock Markets. Ipos. Capital raising. Entrepreneurship. These are the buzzwords that keep rattling the ears of all those who are related with financial markets, be they mbas, ca.s,c.s etc. We are in that phase of globalization and we are so interming

TDS U/S 194C: Introduction

Posted by pawan tewari 07 May 2014 29394 Views

Simplified version of section 194c: TDS on contract.Let me introduce two dummy persons Mr Ram (expert) Mrs Ram (little idea of provisions of sec 194c.)Mrs Ram: who are required to deduct TDS u/s 194?Mr Ram: Any person who is responsible to pay a resi

Loans, Guarantee & Investment by Companies in the light of sections 185 & 186 of Co. Act, 2013

Posted by manoj sethia 06 May 2014 25809 Views

There has been much confusion about applicability of section 185 and regarding Lending, giving of guarantee, making investment by companies in the light of section 185 and 186 of the Companies Act, 2013 Sub-section (1) of section 185 starts with &ldq

Co. Act, 2013: Fraud & Fraud Reporting

Posted by CA. Amit G. Chandani 06 May 2014 62672 Views

Corporate fraud is a major problem that is increasing both in its frequency and severity. Research evidence has shown that growing number of frauds have undermined the integrity of financial reports, contributed to substantial economic losses, and er

100 amendments of Co. Act, 2013 - Part 2

Posted by CA Neha Bhuwania 03 May 2014 37447 Views

Amendment 11: Section 2 (87) [Definition of Subsidiary Company or Subsidiary read with Rule No. 2(r)] The term Total Share Capital with respect to a definition of an Associate Company and Subsidiary Company or even all the Subsidiaries