CAclubindia Articles

Reasons for notice u/s 148 before filing of return u/s 148

Posted by CA Paras Dawar 01 September 2014 62895 Views

Assessee Can Claim Reasons For Issue Of Notice U/S 148 Before Filing Of Return U/S 148.Section 148 of the Income Tax Act, 1961 is possibly the most belligerent combat tank in the armory of Income Tax Department. This tank has been further strengthene

Cracking the CA Final Code: (Group 1 - Paper 1)

Posted by Rushabh Shah 01 September 2014 56726 Views

This is my first article in CAClubindia, hoping people will benefit from this.I qualified in the May 14 examinations.C.A. These two letters imply many words like Certainly Achievable, Come Again, Colla Aayo (For my fellow Kutchhi friends) but

MCA clarification on Accounting Standard 10

Posted by CA Amit Kumar 01 September 2014 27561 Views

Impact of MCA circular on AS 10 on Indian Power Industry The Power Sector in India and Impact of Ministry of Corporate Affairs Circular (MCA) on Accounting Standard 10- Accounting for fixed assets and 16- Borrowing costsThe Power Sector in India has

NRI's guide to business in India

Posted by Paras mehra 01 September 2014 13262 Views

NON RESIDENT INDIAN (NRIs) GUIDE TO BUSINESS IN INDIABy Paras Mehrawww.Quickcompany.in With over 20 million in population and with investment size of over US$4000 million in last 10 years, NRI plays an important role in Indian Growth history.

International Taxation- Beware of Vodafone Case

Posted by Paras mehra 30 August 2014 25145 Views

START-UPs BEWARE OF VODAFONE!By Paras Mehrawww.Quickcompany.inMr Ashish Ranjan, developer, started his business in Hong Kong. Since he was good at marketing, his business soon started generating profits. Ashish, through his Hong Kong Company e

Whether MVAT TDS is transferable ?

Posted by Gopal Navandar 29 August 2014 15540 Views

Whether MVAT TDS credit can be transferred in favour of Sub contractor?-Guiding sections are sec. 31(4) and Sec.45(4) of MVAT ACT., rule 50, Form 406, 407,408,409.- Unlike Income tax, TDS under MVAT is single point, hence intention of legislature is

Resolutions to be passed to reduce filing fees of MGT14

Posted by CA Nitesh Kumar More 30 August 2014 25296 Views

RESOLUTIONS TO BE PASSED TO REDUCE FILLING FEES OF MGT14 of small & medium size companies, if draft exemption is not passed in parliament 1) First board meetings of small & medium size companies should pass resolutions in respect of following

Draft Board resolutions to be passed in first board meeting

Posted by CA Nitesh Kumar More 29 August 2014 27323 Views

Note: if you are required to file DPT4 , a resolution should be passed authorizing a director to file DPT4. Such approval can be in either First Board meeting or in subsequent board meeting. Similar requirement is for the granting or borrow of Loan o

Demand u/s 143 (1) by inc tax dept and rectification u/s 154

Posted by CA. Brijesh Baranwal 29 August 2014 34640 Views

Income Tax Return filing season for certain class of assessees including individuals not falling under tax audit provisions has just been over and by now the Income Tax Depar

Procedure for change in Bank Acc Signatory of a Co

Posted by Ankur Garg 30 August 2014 94273 Views

In my previous article Procedure and documentation for opening of Company Bank Account we had discussed about the basic procedure for opening of Company Bank Account along with 2 sample board resolutions for opening of Company Bank Acco