CAclubindia Articles

New Income tax slabs for 2015-16

Posted by Guest 28 February 2015 30317 Views

DIRECT TAXESA. RATES OF INCOME-TAX I. Rates of income-tax in respect of income liable to tax for the assessment year 2015-2016. In respect of income of all categories of assessees liable to tax for the assessment year 2015-2016, the rates of incometa

Key Features of Budget 2015-16

Posted by Guest 28 February 2015 28778 Views

INTRODUCTION Credibility of Indian economy has been re-established in the last nine months. Indian economy about to take-off on a fast growth trajectory. Most growth forecasts have upgraded Indian economic growth while downgrad

Over 8% growth in 2015-16: Key Highlights of the Economic Survey 2015

Posted by Bimal Jain 28 February 2015 5667 Views

Dear Professional Colleague, Over 8% growth in 2015-16: Key Highlights of the Economic Survey 2015 Ahead of the Union Budget 2015, the Hon'ble Finance Minister Shri Arun Jaitley tabled today Economic Survey Report 2015 in the Parliament, outlini

Pre-Budget: Concrete declarations on basics of GST should be made in Budget-2015

Posted by CA Sudhir Halakhandi 27 February 2015 8067 Views

introduction of GST and the Trade and Industry is waiting for GST on the same promises as made in the Budget speeches of the Finance Ministers from year to year and now we are in year 2015 and still waiting for GST. Goods and Service tax was first re

Jaitley's Budget tasks

Posted by Guest 27 February 2015 8484 Views

For the Modi Government, shell-shocked by the excruciating electoral results in the national capital in the second week of this month still rankling, the need to recapture its larger-than-life-size image is too important to be left to the tame prepar

Key Highlights of Rail Budget 2015

Posted by CA SONIYA AGARWAL 27 February 2015 9851 Views

Indian Railway Minister Suresh Prabhu announced the much awaited Railway 2015 budget at 12 noon on Thursday February 26. Chartered Accountant-turned Railway Minister Suresh Prabhu put forward Premier points like: Energy Conservation, Technology Absor

How an act of kindness taught me the Lesson "Just Do It"

Posted by Nimish Goel 27 February 2015 9918 Views

This article has been inspired from an incidence from my personal life that happened yesterday night (24th February 2015). I had gone out for dinner with a friend who also happens to be my gym buddy. Although, both of us are quite regular going to ou

TDS u/s 195: Reimbursement of Expenses

Posted by CA Rohit Gupta 27 February 2015 182936 Views

Taxability of Reimbursement of expenses has always been a contentious issue. In most of the cases, assessee get away with non-taxability of reimbursement of expenses on the plea of no profit element. However, in some cases, even without profit elemen

The Budget traditions

Posted by Anjani Kumar Sharma 26 February 2015 9162 Views

The Union Budget brings in a lot of colours and excitement with it. There are myriads of rituals and traditions forming part of the rich heritage. In an effort to identify the most interesting rituals we have compiled the following: The 5:00 P.M. St

Companies Act, 2013- Sec 128 books of accounts

Posted by CA Sripriya K 26 February 2015 78155 Views

Introduction Section 128 of the Companies Act deals with the books of accounts to be kept by the company. As per this section every company shall prepare and keep at its registered office books of account and other relevant books and papers and