CAclubindia Articles

Some lights on sec 44AA, 44AB, 44AD

Posted by TKKKKKK 29 June 2013 314758 Views

44AA: MAINTENANCE OF BOOKS OF ACCOUNTS WHO SHOULD MAINTAIN : If a person carrying on business / profession and income from such business/ profession has exceeded 1,20,000 in any of the three p.y. or current p.y. (for newly set up business) I

Key Amendments in SEBI Regulations

Posted by Arpit Shah 28 June 2013 15808 Views

Key Amendments made at SEBI Board Meeting held on 25th June 2013 A. SEBI (Buy Back of Securities) Regulations, 1998 1. The Companies will have to buy-back mandatorily 50% of the amount targeted and reserved for the buy-back (Existing Pr

Income Tax Effectiveness in India

Posted by Suresh S Anandham 28 June 2013 8666 Views

Understanding effectiveness of Income Tax in India India is growing currently at the rate of approximately 5% per annum (as against over 6% in the previous year) as per the revised estimate by the Central government. Although Reserve Bank of India&r

Pointwise checklist on preparation of online format 3CD

Posted by CA Hardik Mehta 28 June 2013 19983 Views

Form 3CB/3CD Checklist Note: Ch stands for Characters Form 3CB 1. Select I if the firm of auditor is proprietorship and We for partnership from drop down option. Select the year under audit fro

SAP COFI For Beginners

Posted by SUMIT 28 June 2013 30039 Views

COFI: SAP Coffee & Management Accountants: An ERP Spurt.-Indian Perspective ERP and the role of Professionals in global scenario has been changed. In nowadays SAP (R3)-HANA is using by lots of prestigious company not in India but i

Tax Deduction on Purchase of Immoveable Property

Posted by Prateek Manocha 28 June 2013 14180 Views

This provision is applicable on transfer of immoveable property of Rs. 50 lacs or more. It requires TDS to be deducted at 1% of the price being paid by the purchaser of an immoveable property, irrespective of quantum of capital gains. If the seller d

Review of Director Identification Number (DIN)

Posted by Bhaskaran Chackrapani Warrier 27 June 2013 27221 Views

A REVIEW OF DIN [DIRECTOR IDENTIFICATION NUMBER] CONSEQUENT TO MCA NOTIFICATION DATED MARCH 15,2013. The Companies (Amendment) Act, 2006 has introduced the concept of Director Identification Number by inserting sections 266A to 266G in the Compan

Cenvat credit cannot be denied on inputs used in a process not considered as manufacture

Posted by Bimal Jain 27 June 2013 14324 Views

We are sharing with you an important judgement of the Honble Customs, Excise and Service Tax Appellate Tribunal of Bangalore (the CESTAT) i

Learnings from Marwari Business Family

Posted by Siddharth Maheshwari 27 June 2013 41356 Views

Learnings from a Marwari business family - For Startups and Family Business Entrepreneurs After graduating from B-School and having learnt all the Porters Model and trick of trades for running business, I was all excited to j

Reverse Charge with Relevant POPS Rules

Posted by nitin 27 June 2013 14476 Views

1. INTRODUCTION OF REVERSE CHARGE MECHANISM Reverse charge mechanism is not a new concept in service tax. Under the reverse charge mechanism, instead of service provider, the service receiver is liable to pay service tax. But with effect from 1.7