CAclubindia Articles

Frequently Asked questions on CSR

Posted by APARNA.R 03 February 2015 14724 Views

FAQ on Corporate Social responsibility as per Companies Act, 2013:1. Whether salaries paid to regular CSR staff and volunteers can be factored into CSR project cost.Ans: Yes, the above will become a part of CSR expenditure.2. Under what conditions th

Amendments in Point of Taxation Rules

Posted by VIGNESH SC BOSE 02 February 2015 26696 Views

IntroductionThe Point of taxation rules were introduced in 2011 and since then, the govt. has made numerous amendments to it. Recent Changes In case of individuals and firms, where the taxable services provided in

CA, CS & CMA: Why do so many students fail?

Posted by Kapil Kaushik 02 February 2015 33428 Views

During one of my sessions with a group of students, I was confronted with a very aggressive student. He continued his assault on ICAI, ICSI and ICMAI for the fact that they have the tendency to fail a number of students without any reason. He refused

Second Home: Problematic in Real life as well as in Income Tax?

Posted by CA Umesh Sharma 02 February 2015 12480 Views

Karneeti Part 74Second Home: Problematic in Real life as well as in Income Tax?Arjuna (Fictional Character): Krishna, Recently Reserve Bank has reduced the Repo Rate leading to reduction in the Rate of Housing Loan. It may be easier for

Legislative history of filing stock statement as on 31st March of every year under DVAT Act, 2004

Posted by Kaushik Vinod 02 February 2015 10946 Views

INTRODUCTION:I shall begin my write-up with the wording of section 70 of DVAT Act which empowers Commissioner DVAT to issue notifications and prescribe v

Investment in fixed deposits - Income tax deduction for Aam Aadmi

Posted by CA ANKIT GUPTA 31 January 2015 29775 Views

INVESTMENT IN FIXED DEPOSITS INCOME TAX DEDUCTION FOR AAM AADMIHello readers , Many of the assessees and their advisors which I came across have doubts regarding the claim for deduction under section 80C on Investments in term deposits with sc

Service tax applicability on short notice recovery

Posted by Sushanth Karanth 30 January 2015 29109 Views

Service tax applicability on Short notice recoveryIntroductionIn the present day corporate world, an employee is expected to possess challenging skill sets to perform the duties expected as per his job profile due to which there is a high demand for

An Insight - Mandatory Pre Deposit

Posted by CA Prakash Sajnani 31 January 2015 11777 Views

Finance Bill (No.2) 2014 has vide Clause 98 has proposed an amendment in Section 35F of Central Excise Act that the appeal against an Order passed by lower authorities will not be entertained unless the appellant has made a pre-deposit of 7.5 per cen

The Insight to Section 197 of The Companies Act 2013

Posted by Pankaj Pendse 30 January 2015 52838 Views

The companies act 2013 provides for the managerial remuneration. According to section 197 of the companies act, the total managerial remuneration payable by a public company, to its directors, including managing director and whole time director and i

The economy after Modi Government

Posted by Madhusudan Mishra 30 January 2015 27464 Views

CHANGING SCENARIO OF ECONOMYThe Economy after Modi Government Steps taken and their effects: STEPS TAKEN BY THE GOVERNMENT Bilateral Relations a. Modi had begun promotion diplomatic relations with other countries. Inviting SAARC leaders to his sweari