CAclubindia Articles
PPF Account
What is a PPF account? Public Provident Fund (PPF) is the scheme floated under the PPF Act 1968 by central government. PPF is one of the safest investment product backed by Government of India and also gives tax benefit under section 80(c) of the In
Consumer Protection in Financial services - Some aspects
Consumer Protection in Financial services Some aspects Recent move by the Reserve Bank of India, putting a stop to the so called Zero Interest schemes by Banks was a very welcome move. Just as one was feeling happy reading this, clear
Cenvat Credit Rules from scratch
Cenvat Credit Rules from scratch
Income from Salary Simplified
BASIS OF CHARGE: [Section 15] As per Section 15, salary consists of the following: any salary due from an employer or a former employer to an assessee in the previous year, whether actually paid or not; any salary paid or allowed to him in the
How to write in CA Exam?
After a lot of time thinking, I decided to write an article on How to write answers in CA Exams. The views are written herein below are purely personal. Somebody agree or somebody might not. Remember following things which are importan
Same activity is not as Manufacture & Service at a time
Dear Professional Colleague, Same activity cannot be considered as manufacturing and service at a time We are sharing with you an important judgement of the Honble CESTAT, New Delhi, in the case of Jubilant Industries Limited Versus CCE, Ghaz
Significance of Minutes of meetings and principles to be observed while drafting: Part-II
Introduction: In my previous article (Part-I), a detailed analysis was made of the provisions of Section 118 of the Companies Act,2013(The Act,2013 or Act )and rules applicable to maintenance of minutes in electronic form. The topic of minutes wil
Section 194H - Principal and Agent Relationship?
Section 194H Principal and Agent Relationship? In the normal course of business, to gear the sales the manufacture will give many types of incentives (in the form of commission or brokerage) and discount to his dealers. The very
Assets and Debt Management Using ABS and MBS
This Discussion is about Asset-Backed Securities and Mortgage Backed Securities and use of it for releasing obligation for a specific fund created with specific purposes, say pension fund. A new Pension Investment committee has been formed
Sole Member/Nominee of a One Person Company (OPC)
OPC shall have one Member (Sole Member) and a Nominee (a person who shall; in the event of death or incapacity of original sole Member to contract; become the Member of OPC).
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