CAclubindia Articles

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

Posted by Prashant Bhosale 07 May 2014 80998 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 14554 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 26491 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 29395 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 62674 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 37448 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

Introduction to basic components of salary

Posted by Annu Agarwal 03 May 2014 43825 Views

We are surrounded by people working with a handsome salary.What if they are made more smarter with an introduction to some of the basic components of their salary.Hope the readers find it useful!! Sr. No What are We Talking About

Memorandum and Articles of Association under CA,2013

Posted by CS M.Kurtrala Nathan 03 May 2014 29336 Views

Introduction:Memorandum of association is the charter of the company and defines the scope of its activities. An article of association of the company is a document which regulates the internal management of the company. Memorandum of association def

Customs Valuation of Imports - Related Party Transaction

Posted by CA. SRIKANTHA RAO T 02 May 2014 35530 Views

The opening up of the Indian economy around two decades ago followed by some of the Multinational Corporations setting up manufacturing units in the country brought into focus the provisions pertaining to valuation of goods impor