CAclubindia Articles

Solution to restricted use of email ID for 4 times only on IT E-filing Website

Posted by CA Tejas Andharia 27 June 2014 37959 Views

Recently, on www.incometaxindiaefiling.gov.in , assessee is compulsorily required to get its email ID and password registered. Further, maximum permissible usage of each of them is 4 times only. We know that most of the assessees in India do not ha

Impact of Credit Notes on Tax Credit of Purchaser

Posted by Rakesh Garg 27 June 2014 25388 Views

Receipt of Credit Notes from the Seller Impact on Tax Credit of the Purchaser under the Delhi VAT Act[by Rakesh Garg, Author & Consultant]A. IntroductionDelhi, being the trading centre, issuance of credit notes in respect of discou

Excise duty cut for Auto, CG, etc., extended upto Dec, 2014

Posted by Bimal Jain 27 June 2014 10657 Views

Excise duty cut for Auto, Capital goods, Consumer durables extended till Dec 31, 2014In the Interim Union Budget 2014 on 17th February, 2014, the Government had reduced the Excise duty on: Small cars, motorcycles, scooters, three wheelers and c

FDI and its Possible Consequences on Defence

Posted by NILA REJESH P 27 June 2014 26526 Views

Nowadays, India government has taken initiatives to raise FDI in defence sector to 100%. Only 26 % of FDI is allowed in defence so far. The Draft Cabinet Note prepared by Department of Industrial Policy and

Complicacies in VAT on Works Contract

Posted by PAWAN KUMAR KEDIA 27 June 2014 31657 Views

VAT on Works Contract in Rajasthan and Complicacies in tax computation. IntroductionWorks contract is a contract for carrying out some work for a lump sum consideration. The transfer of property in the goods involved in the execution of the works c

TDS - is not tedious

Posted by Vandana Saluja 26 June 2014 18614 Views

1. Background of deduction of tax at source 1.1 What is Tax Deducted at source i.e TDS? TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a person at the time of making/crediting certain specific

Immediate Compliance: Filing of return of deposits in DP

Posted by praveen 26 June 2014 18039 Views

Most of the private limited companies in India being closely held companies do not worry a lot about the compliances related to the companies act, but this could become really serious since the new companies act has lot of penal sections.This also me

Detailed Analysis of CSR under Co. Act, 2013

Posted by CS DHANAPAL 26 June 2014 16218 Views

CORPORATE SOCIAL RESPONSIBILITY INTRODUCTION Corporate Social Responsibility (CSR) has been in existence for a long time and is almost as old as civilization. It is based on the Gandhian Principle of trusteeship concept

Independent Auditor & Trustworthy Audit

Posted by Satvir Singh 25 June 2014 9311 Views

Independence is the bedrock of audit profession. Only an independent auditor can expected to be skeptical, objective & unbiased. To strengthen the independence of auditors, new Companies Act, 2013 contains provisions related to Auditor Rotation. Only

Be Alert! Companies watch out provisions of loans & deposits or else have repay it!

Posted by CA Umesh Sharma 25 June 2014 31442 Views

Arjuna (Fictional Character): Krishna, many companies are worried, as they will have to submit new return about deposits and loans before 30th June 2014, as stated