CAclubindia Articles

Acceptance of Deposits

Posted by KARTIKEY 19 August 2014 11782 Views

Acceptance of Depositunder the Companies Act, 2013w.e.f. 1st April, 2014I. Meaning of the word DepositsAs per Section 2(31) the word Deposit has been defined as follows:Deposit includes any receipt of money by way of depos

Agenda for First Board Meeting of Private Limited Companies

Posted by CS Divesh Goyal 19 August 2014 26814 Views

As per New Company Law, gap between two board meetings cant exceed 120 Days. If last board meeting of company was held on 31st March 2014 then next board meeting can be held upto 28th July, 2014 (April 30 days + May 31 Days + June 30 days +Jul

All about forfeiting

Posted by RAM KUMAR GUPTA 19 August 2014 8344 Views

Forfeiting is another way of getting finance against the capital goods exported through purchase of bill by some other person/company, called forfeiter, which purchases all such export bills which shall be due on future dates. The important point in

Amended rules of chapter XII

Posted by ANJAN KUMAR ROY 19 August 2014 10056 Views

RELATED PARTY TRANSACTIONS (RPTS) ………….. Went to the operation theatre once again and came back with ………….some additions, some deletions, some clarity and a lot of confusion The Ministry of Corp

Missed 31st July Deadline for filing Income Tax Return? What Now?

Posted by CA Chirag Chauhan 19 August 2014 30743 Views

Most of tax payers comply with 31st July deadline for filing Income tax returns. However many miss out due to other commitment in professional and personal life. Missing the deadline does not mean you cannot file your return. Infact if you have miss

Audit Committee under Section 177 of Companies Act,2013

Posted by CS M.Kurtrala Nathan 19 August 2014 110676 Views

Section 177 of the Companies Act,2013 and Rule 6 and 7 of Companies (Meetings of Board and its Powers) Rules,2014 deals with the Audit Committee. Applicability of Audit Committee: The Board of directors of every listed companies and the following cla

India is My Country and To Pay Others Taxes is also My Duty

Posted by CA Umesh Sharma 18 August 2014 16609 Views

Karniti Part 50India is My Country and To Pay Others Taxes is also My DutyArjuna (Fictional Character): Krishna, In India on 15th August 68th Independence Day and on 17th August Shri Krishna Jannamashtmi was celebrated. Bhagwadgita has narrated the

Special Reserve created under section 36(1)(viii)

Posted by Member (Account Deleted) 18 August 2014 125924 Views

Special Reserve created under section 36(1)(viii) of the Income Tax Act, 1961 and Deferred Tax Liability on it.As per section 36(1)(viii) of Income Tax Act 1961 in respect of any special reserve created and maintained by a specified entity, an amount

Residential status and foreign income tax treatment

Posted by TKKKKKK 18 August 2014 15749 Views

Hi friends,If you are individual and have foreign income. You must become aware of tax treatment of foreign income.In this article, I have explained how to determine residential status for individual and tax applicable as per residential status.Know

Incorporation of a Company limited by shares

Posted by CS Divesh Goyal 18 August 2014 19882 Views

Moving from the Companies Act 1956 to the Companies Act 2013 is like shifting from your old house to a new one. In the old house, where you have stayed for years, everything would have found its own place the shoes, the clothes, umbrella, fir