CAclubindia Articles

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

Posted by CA Chitresh Gupta 14 July 2014 29712 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 33372 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

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

Posted by Nagendra Hegde 14 July 2014 6926 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 18827 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

Depreciation - Changes between Schedule XIV and Schedule II

Posted by Priya Agarwal 14 July 2014 68522 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

Colors of ambiguity still on Heena

Posted by Pradeep Jain 14 July 2014 2611 Views

There was dispute was going on between the trade and the Central excise department on the exemption on Heena Paste. This exemption was given in last year budget but there was ambiguity in drafting on such notification. We have written an article on t

Auditors under the Companies Act, 2013

Posted by Shashikant Sharma 14 July 2014 40794 Views

The Companies Act, 2013 (the Act) has changed the role of auditors in companies, seeking greater transparency and corporate responsibility. Past serious financial frauds and scandals especially Satyam Scandal has exposed glaring gaps in

Directors Special: Section 189 of the Companies Act, 2013

Posted by Yogina 14 July 2014 88800 Views

There are around twenty one statutory registers to be kept by companies pursuant to the Companies Act, 2013. All the registers, records, minutes, books and paper, documents etc. (herein after collectively mentioned as the records) to be

Life is a fun Ride, its not a race - its Lifunride

Posted by CA Rajesh Pabari 14 July 2014 5212 Views

Why this Article?This article is written for simple reason that we have forgotten to learn from simple events in life, though they are simple events but the lessons that may be learnt from them can be so profound that it can prove to be life changing

Union Budget 2014 - Indirect Taxation

Posted by Madhukar N Hiregange 12 July 2014 21858 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