CAclubindia Articles


Union Budget 2014 -15 : Analysis of Major Direct Tax Proposals

Posted by CA Chitresh Gupta 14 July 2014 29718 Views

Rates of Income TaxBasic exemption limit has been increased from Rs 2 lacs to Rs 2.50 lacs for resident individuals or HUF. Income slabs Income Tax Rate Incom



Section 185 of Companies Act, 2013 - Loan to Directors

Posted by Sagar Gupta 14 July 2014 33390 Views

Section 185 & its reference with Section 186 of Companies Act, 2013 Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 corresponds to section 295 of the Companies Act, 1956 which deals in loan to directors. This



One Person Company (OPC) - An Analysis

Posted by Rahul Kumar 22 April 2021 14585 Views

The introduction of OPC in the legal system is a move that would encourage corporatization of micro businesses and entrepreneurship with a simpler legal regime so that the small entrepreneur is not compelled to devote considerable time, energy and resources on complex legal compliances.



Impact of 'Budget of Hope' on 'Service Tax'

Posted by Nagendra Hegde 14 July 2014 6951 Views

Impact of Budget of Hope on Service Tax By Nagendra HegdeThe debate is still on ' on



Service Tax Proposals & Changes in Union Budget 2014

Posted by Guest 14 July 2014 18831 Views

HIGHLIGHTS OF BUDGET-2014 SERVICE TAX PROPOSALS IN UNION BUDGET 2014-15 New Services Brought under Service Tax Net w.e.f the date of assent by President a) Radio Taxi Servicesb) Renting of Space for advertisement in Online & Mobile Penal Interest



Union Budget 2014 - Indirect Taxation

Posted by Madhukar N Hiregange 12 July 2014 21878 Views

In recent times, the law abiding assesses have to contend with large number of target based queries/notices, audits and summons generally high amount of tax terrorism. Infructuos demands [90-95% bound to fail as p



Depreciation - Changes between Schedule XIV and Schedule II

Posted by Priya Agarwal 14 July 2014 68531 Views

Companies Act 2013 Impact on DepreciationWith the advent of Companies Act, 2013, the method of Depreciation has also changed where Schedule II has replaced Schedule XIV.The difference between WDV and SLM have been removed with the advent of



Budget 2014 - Impact Analysis for Indirect Taxes

Posted by Guest 12 July 2014 19647 Views

Showing Direction towards Beginning of Good Days The people of India have decisively voted for promise of Good Days Ahead from NDA & its Government has used its First Budget prepared within just 45 days of coming to power for laying down a



Union Budget 2014- Indirect Taxation- The Ugly Side

Posted by Madhukar N Hiregange 12 July 2014 10881 Views

Union Budget 2014- Indirect Taxation- The Ugly Side- Tax terrorism to Continue unabated. In recent times, the law abiding assesses have to contend with large number of target based queries/notices, audits and summons generally high amount of tax terr



Synopsis of Proposed amendments in Direct Tax in Budget 2014

Posted by CA Rahul Jain 12 July 2014 22388 Views

Tax Benefits/ Exemptions to Individual/ HUF • Basic Exemption Limit for FY 2014-15 is increased to Rs. 250000/- for individuals (whether male or female) below 60 years of age. For persons of 60 years or above, the basic exemption limit is raised




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