CAclubindia Articles

Union Budget 2015: Time to shift to Accrual based Budgeting?

Posted by CA. Rajvir Bhatnagar 07 February 2015 17097 Views

Mid Year Economic Review 2014-15 carried out by the Government had listed the following fiscal challenges, besides two others: o Budget was unduly over burdened by a legacy of carried over expenditureo Revenue projections were over optimistic There i

Capital structure of Business

Posted by CA N RAJA 07 February 2015 15590 Views

Conversation between Manu and Vinu about Capital structure of Business Manu Hi Vinu! Wats up? Vinu Ya! I have and upgraded also!!! Manu Vinu!!! I think this is the greates

Whether ITC reversal is to be made for export sales

Posted by RENGARAJ R.K 07 February 2015 20115 Views

R.K Rengaraj, AdvocateWhether Input Tax Credit (ITC) reversal is to be made on export sales without filing form W under Section 18 (3) of the TNVAT Act, 2006?.Introduction: Under TNVAT Act, 2006 there are two options available for the dealer in

Critical issues under provisions of Section 149 of Companies Act, Independent Directors

Posted by APARNA.R 07 February 2015 25288 Views

Applicability: All listed Companies Every other public Company havingPaid up share Capital of Rs.10 crore or more OrTurnover of Rs.100 crore

Private Placement under Co. Act,2013

Posted by CS M.Kurtrala Nathan 07 February 2015 16691 Views

Section 42 of the Companies Act,2013 and Rule 14 of Companies (Prospectus and Allotment of Securities )rules ,2014 deals with Private Placement."Private placement" means any offer of securit

What to expect from Budget 2015

Posted by CA SONIYA AGARWAL 07 February 2015 17041 Views

BJP Government first budget under the leadership of Shri Narendra Modi making it the most crucial one. General Expectation of people from budget is favourable tax rates, more reliefs, deductions, easy tax Compliance etc. Every year in the month of Fe

TDS u/s 195- Interesting Cases

Posted by CA Rohit Gupta 07 February 2015 37417 Views

Peculiar Cases where Courts held Assessee Liable for Deduction of TDS u/s 195Withholding taxes u/s 195 in respect of transactions with Non-Residents has always been a bone of contention between Assessee and tax authorities. Though liability for deduc

The introduction of proposed Indian GST

Posted by CA Sudhir Halakhandi 06 February 2015 29323 Views

Goods and Service TaxTHE INTRODUCTION OF PROPOSED INDIAN GST INTRODUCTION Vat was introduced in all over country in 2006 and GST is the logical conclusion of the successful introduction and imposit

Rejection of Books of Account - Sec 145 of Income Tax Act 1961

Posted by CA Ram Bajaj 05 February 2015 53161 Views

145(1) Income Chargeable under the head Profit and Gains of business or profession or Income From other sources shall, subject to the provisions of sub section(2), be computed in accordance with either cash or mercantile system

Update on Indirect Tax - Service Tax, Excise and GST for the month of Feb 2015

Posted by TARUN KUMAR GUPTA 05 February 2015 28316 Views

In addition to Service Tax and Excise, we have started a new section on GST. Hope this will be useful to you. A. Service Tax 1. Service Tax payment for the month of January, 2015 is due for payment on 6th February, 2015 for assesses excluding Individ