CAclubindia Articles

Useful Interpretations about Companies Act, 2013- Part-1

Posted by Ankur Garg 03 June 2014 74798 Views

Dear Professional Colleagues, During the process of decoding new provisions and stipulations of Companies Act, 2013, I have observed below mentioned interpretations about few important topics which affect our day to day corporate working. This write

Income Tax Return - Which form to use for IT Filing AY 14-15

Posted by CA Chirag Chauhan 03 June 2014 43960 Views

The Income Tax Department has come out with all Return Form applicable for AY 2014-15. The below table will give you details of usage of forms by Assessee. Forms Who can use this Return Form Who cannot use this Return Form

Relevance of IDT to Purchase function

Posted by Madhukar N Hiregange 03 June 2014 4679 Views

What The Material/ Procurement Executive/ Manager needs to know about Indirect Taxes? The successful material/ purchase officers knows the production needs well in terms of quality, timeliness and quantity. He also understands the cost of products /

Understanding Speculation Profit/ loss with latest Case Laws

Posted by Manish Kumar Agarwal 03 June 2014 21302 Views

1. S. 73 of the Income-tax Act provides that any loss computed in respect of speculation business carried on by an assessee will not be set off except against the profits and gains, if any, of another speculation business. Further, where any loss com

Basics of Audit, New Concepts

Posted by CA Satish Badve 02 June 2014 15835 Views

All type of audits like bank audit, company audit, internal audit,statutory audit requires to some extend applying of same principles of audits,and audit techniques. BEFORE AUDIT: As observed, 80% of the work of audit in a CA Firm has repetit

Acceptance of Deposits - Simplified (With Help of Examples)

Posted by CA Gaurav Mittal 02 June 2014 88550 Views

ACCEPTANCE OF DEPOSITSection 73 to 76 Simplified The companies Act 2013 by way of Section 73 to 76 has bought many changes in respect of Acceptance of deposits by company and the changes are applicable are on Private Limited Companies also. To unders

Marketing Services provided to Foreign Principals is Export

Posted by Bimal Jain 02 June 2014 5500 Views

Services provided to Foreign Principals for marketing their products in India qualify as an export of service We are sharing with you an important judgement of the Honble CESTAT, Delhi, in the case of Commissioner of Service Tax, Delhi Vs. Men

A Lot many lessons from a Chartered Accountant

Posted by CA Rajesh Pabari 02 June 2014 27130 Views

Lessons for chartered accountant students as well as those who have already cleared CA Exams and on their career path.Wholeheartedly Shared by CA Kaushal Raiyarela. We are thankful to him. Chartered Accountancy CA is a very reno

Power of company to Purchase its own securities (Buy-Back)

Posted by CS M.Kurtrala Nathan 02 June 2014 6368 Views

Section 68 of the companies act 2013 and Companies (Share capital and Debentures) Rules,2014 deals with the power of company to purchase its own securities.Sources of Buy Back:A company may purchase its own shares or other specified securities out

We are abusing logic to our own peril

Posted by CA Anil Garg 02 June 2014 5425 Views

We believe that Indians are next to none in caliber. Individually, Indians are easily discerning in their intelligence which made Obama caution his countrymen to be wary of Indians and Chinese who are cornering most of higher education seats. But col