CAclubindia Articles
Enforcement & Prosecution under the Companies Act, 2013
PROSECUTION AND ENFORCEMENT ARCHITECTURE UNDER THE COMPANIES ACT 2013 FOREWORD The Companies Act 1956 contains more of general penalty provisions under Section 629A. Certain penal provisions provide for imposition of penalty of fine as well as penalt
Service Tax on GTA - A Guide
1. Service Tax - Introduction It is quite surprising to know that unlike other central taxation laws like Central Excise Act, 1944; Customs Act, 1962; Income Tax Act, 1961; Central Sales Tax Act, 1956; etc; there is no specific act like Service Tax A
Different Committees as per the Companies Act, 2013 - Part II
Hello Friends,Thanks a lot for your warm response and motivating comments on my previous article. After a brief look into the Corporate Social Responsibility Committee in the previous article (click here), we will take a look into another Committee-
Karniti Part-12: Income of Trusts, then follow & trust Indian law
Finance and Income Tax of Charitable TrustsLet us try to get answers to our questions in a bit different and joyful manner. The fictional character of Arjuna will be played by the common man or tax payer and the fictional character of Krishna the Exp
A Brief Analysis on Safe Harbour Rules
Background The tax litigation relating to Transfer Pricing has been the area of concern for the assessees as well as tax authorities. The determination of Arms Length Price (ALP) covers not only financial but also the economic analysis of the
Insistence with Companies Act 1956: A Step Backward
The November 18th announcement made by ICAI seeking attention of those appearing for Nov, 2014 is definitely a step backward. After the entire Hullabaloo, post November 5th when CA final students were shell shocked to find themselves staring at the P
Dealing in Bonds - Practical Aspects
What are bonds?Bond is a debt security in which the holder is paid interest at regular interval till maturity and the principal amount at the same date. You can think it as an IOU (I Owe You) given by the issuer to the lender.How interest is paid?Gen
Calculation of Tax Exemption on LTA
In an earlier post we looked at the conditions governing tax exemption on leave travel allowance (LTA). In this post we will look at the calculation of the tax exemption amount. As mentioned in the earlier post, the exemption is available only on tra
Right Issue - Practical Aspects
What will be the effect on issue of right shares? Why it is not issued in market directly? Will the shareholders be at any profit/loss? Let us move by defining it and the case onwards.What is right issue of shares?Right shares are simply the shares i
Internal Audit and Risk Management
Internal Audit and Risk Management Whether Synonyms or something else. By CA Jai Prakash Agarwal M.Com, LL.B, ACMA, ACA, ACS, DISA (ICAI), DIRM (ICAI), UGC NET What is Risk Management? Risk management once a jargon has become a much kno
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