CAclubindia Articles

All About TDS Saving Forms 15G & 15H

Posted by Palak Aggarwal 02 January 2014 160461 Views

Form 15G and Form 15H are self declaration forms required to be furnished by the Assessee to his banker to avoid the tax deducted at source (TDS) on his/her investments.As per Section 194A of the Income Tax Act, 1961, all banks and financial institut

Investing in Mutual Funds and its Tax Implications

Posted by CA Surbhi Singhal 02 January 2014 36639 Views

Hello readers. Greetings of the season! As the New Year has arrived, some of us have resolved to indulge in disciplined financial planning in an effort to achieve our financial goals. By means of this article, I aim at helping

Compounding of offence in Company Law 1956

Posted by sachin pathak 02 January 2014 20392 Views

621. OFFENCES AGAINST ACT TO BE COGNISABLE ONLY ON COMPLAINT BY REGISTRAR, SHAREHOLDER OR GOVERNMENT(1) No Court shall take cognizance of any offence against this Act, which is alleged to have been committed by any company or any officer thereof, exc

Accounting Standard Simplified Part-1

Posted by CA Pallav Singhania 02 January 2014 66760 Views

AS-1 Disclosure of Accounting Policies Significant Accounting Policies followed in preparation of accounts be disclosed at one place along with the financial statements. Any change and financial impact of such change should be disclosed. If

Section 135 of Companies Act-2013 CSR

Posted by CA. Jagdish Sitapara 02 January 2014 127826 Views

Corporate Social ResponsibilityUnder The Companies Act - 2013 Section 135 Applicability: Every company having:-Net worth of ` 500 crore or more, orTurnover of ` 1000 crore of more, or Net profit of ` 5 crore or more,During any financial year shall c

All about Home Loan

Posted by CA Hardik Mehta 02 January 2014 34063 Views

1. For what purposes can I seek a first time home loan?You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for

Inflation can indeed be brought down

Posted by CA Anil Garg 02 January 2014 15183 Views

Ever rising food prices have been hurting everybody in India for last several years, taking sheen out of otherwise spectacular economic growth so much that darling of the world recently during President Obamas visit a few years ago has become

NHB Tax free Bonds- An Insight

Posted by Ashish Kedia 31 December 2013 21391 Views

Very warm Christmas wishes to one and all!! National Housing Bank (NHB) has decided to play Santa this Christmas and has announced an issue of tax free bonds with coupon/ interest rates as under: 10 year 15 Year 20 year

Karniti Part-17: Let's review major 13 tax & law events of 2013

Posted by CA Umesh Sharma 30 December 2013 22609 Views

Lets review 13 major developments in Tax & other laws of 2013Arjuna (fictional character): Krishna, Year 2013 is coming to end and New Year 2014 will begin soon. Time passes so quickly! While discussing various issues on tax laws, we did n

Form C under central Sales Tax Act 1956

Posted by CA Chandra Kishore Bajpai 30 December 2013 666497 Views

In my last article Sale/Purchase--Intra State Vs Inter-State I made an effort to understand the concept of Inter-State Sale/purchase under Central sales Tax Act, 1956 (CST). State Government cannot levy the tax on inter-State Transactio