CAclubindia Articles

Changes in Audit and Auditors- Companies Act, 2013

Posted by Abhilash 23 September 2013 59581 Views

The companies act, 2013 has come into existence on 29.08.2013 that replaces a nearly six decade-old legislation and overhauls the way corporate function and are regulated in the country. This article contains the description of some provisions rel

Works Contract Service: Problems in declaration under VCES

Posted by CA RITUL PATWA 23 September 2013 11377 Views

Before we discuss the problems faced by an Assesee engaged in the Works Contract Service and intends to make a declaration under VCES, 2013, we must understand the Taxability of Works contract Service prior to 01-07-2013. LEGAL POSITION PRIOR TO 01-

Class action suit-in New Companies Act "and it's a Six"

Posted by TIRTHA RAY 23 September 2013 7405 Views

The Satyam Lesson: The U.S. investors, who held American Depository Receipts or ADR of Satyam Computer Services, filed a class action suit against the company after Ramalinga Raju, former chairperson of the company, admitted to a fraud in January 20

Cost Audit as per Companies Act, 2013

Posted by CA Abhilash 23 September 2013 26942 Views

Impact of Customs on Indirect Taxes

Posted by Madhukar N Hiregange 20 September 2013 10260 Views

Impact of Customs on Other Indirect Taxation The Customs Act has been put in place to ensure that the import and export of goods into and from India is regulated. Certain products cannot be imported or exported, while certain others require a licens

Synopsis of Companies Act, 2013

Posted by CS Ankur Srivastava 20 September 2013 261456 Views

Companies Act, 2013 An Act to consolidate and amend the law relating to Companies The Companies Bill 2012 was passed in Rajya Sabha on 8 August 2013 (during the monsoon session of the parliament). Earlier, the bil

Types of Audits prescribed under the Companies Act, 2013

Posted by CS DHANAPAL 20 September 2013 247305 Views

The new legislation is focused on transparency and disclosure and gives audit its due recognition. In the new Act, attempt has been made to cover each aspect of corporate functioning under audit by prescribing various types of audits like internal a

Preparation Strategy for Audit for CA Final

Posted by Anurag 20 September 2013 41064 Views

Advising someone on how to go about preparing for auditing is a tricky affair as I had adopted a very risky strategy.Luckily the gambit worked for me .But the same may not work for you. Actually it all depends on the question paper. Audit would alwa

Materials purchased from unregistered dealers for works contract

Posted by RENGARAJ R.K 20 September 2013 16287 Views

Materials purchased from unregistered dealers for works contract is liable to tax u/s 4(4) of the APVAT Act, 2005. Introduction: The Andhra Pradesh Sales Tax & VAT Appellate Tribunal, Hyderabad held recently that materials purchased from unregis

The Companies Act, 2013 - Provisions for Directors

Posted by Disha Saini 20 September 2013 166143 Views

The Companies Act, 2013 has come into existence on 29.08.2013 that replaces a nearly six decade-old legislation and overhauls the way corporate function and are regulated in the country. This article contains the description of some provisions relat