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Status of CARR and CAR, 2011 w.e.f. 1-Apr-2014

Posted by Girish HS 03 April 2014 19095 Views

The MCA has notified Section 148 of The Companies Act, 2013 regarding maintenance of Cost Accounts / Cost Audit on 26th March 2014, to be effective from 1st April 2014. The MCA however has not notified Final Rules under Section 148 rela



Services performed in India for SR located abroad- Exports

Posted by Bimal Jain 03 April 2014 9159 Views

Dear Professional Colleauges,Services performed in India for a service recipient located abroad are export of servicesWe are sharing with you an important judgment of the Honble CESTAT, New Delhi in the case of Gap International Sourcing (Indi



Companies Act - 2013: Internal Audit

Posted by CA. Amit G. Chandani 03 April 2014 280631 Views

With the implementation of Companies Act, 2013 the Ministry of Corporate Affairs has notified the provisions related to Internal Audit of Companies w.e.f 01st April, 2014. I nternal Audit: The Companies Act, 2013 has given statutory rec



Compliance - Income tax Return Filing. Why? And how to reply

Posted by CA Chirag Chauhan 01 April 2014 27762 Views

The Mission of Our Income Tax Department is To promote Compliance with our direct tax laws, through caring taxpayer service and strict enforcement, and thus realize maximum resources



Meetings under Companies Act, 2013

Posted by Raju Balodi 01 April 2014 341399 Views

GENERAL MEETING: AGM (Sec 96 & 97) Applicability: Every Company other than One Person Company. Key Provisions: Every Company to which this section applies shall hold its 1st AGM within 9 months from the closure



Karniti Part-30: Wish all taxpayers a Wealthy New Financial Year

Posted by CA Umesh Sharma 01 April 2014 7105 Views

On the Occasion of Gudi Padwa i.e, 31-3-2014Lets See behind and Move Ahead in the Financial YearArjuna (Fictional Character): Krishna, Today is Gudi Padwa which means beginning of New Year. Further today is the last day of financial year 2013-



All about Company's Directors

Posted by CA. Kapil Goel, DISA(ICAI) 01 April 2014 11000 Views

The term "Director" refers to a rank in management of the company. A director is a person who leads or supervises a certain area of private or public limited company. Companies that use this title often ha



Sale of software - Royalty vs Business inc

Posted by CA Ankit Gulgulia (Jain) 31 March 2014 17226 Views

Recently, it has been held by Honble Delhi ITAT in case of Halliburton Export Inc. v. Assistant Director of Income-tax (International Taxation), Circle-1(2) [2014] 43 taxmann.com 223 (Delhi - Trib.) that where there is a case of Sale of Softwa



Thin Capitalization in India

Posted by CA Nischal Agarwal 31 March 2014 11484 Views

1. INTRODUCITON A company is said to be thinly capitalized when a greater proportion of its ‘capital-structure’ is made up of ‘debt’ than of ‘equity’. The interest payments generated on ‘debt capital’ i



TDS treatment for overseas transactions including M&A

Posted by ESHA AGRAWAL 29 March 2014 18086 Views

An instruction by foreign tax division of central board of direct taxes (CBDT) will put an end to litigation relating to TDS by indian taxpayer in overseas transaction including mergers and acquistions. When any payment is made to foreign company or




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