CAclubindia Articles

Prosecution and interest on late deposit of TDS

Posted by CA GOURAV MURARKA 24 August 2013 53770 Views

TDS under income tax is main source of tax collection by the Government. However many times the tax Deductors ,after deducting TDS from specified payments, are deliberately not depositing the taxes so

Time value of money in financial management decision making

Posted by Anand Varma, FCA; FCS. 24 August 2013 136238 Views

Time value of money in financial management decision making 1 Role of a Company Secretary in management of financial instruments A Company Secretary is the key to the efficiency and effectiveness of governance by the Board of Directors. In order t

Service Tax VCES, 2013 - Clarifications

Posted by CA RITUL PATWA 24 August 2013 13320 Views

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the Board vide circular No. 169/4/2013-ST, dated 13.5.2013. Subs

Offences & Prosecution Notes under Income Tax Act, 1961

Posted by POOJA CHANDAK 22 August 2013 61152 Views

CONTRAVENTION Contravention of order made under section 132(3) Sec.275A. A person contravening the order made u/s. 132(1) (second proviso) or 132(3),in case of search and seizure, shall

What are the reasons for recent rupee downfall?

Posted by sumit kumar 22 August 2013 34935 Views

Why Rupee is going down? I will try my best to explain in layman's terms, though many aspects may not be that perfect. Yet I am just trying here. Its all over the news. Indian Rupee hit the all-time low mark of 62 rupees against the US dollar

What is relevant date for determining - Rate of Service tax

Posted by Bimal Jain 22 August 2013 11561 Views

Dear Professional Colleague, What is the relevant date for determining the rate of service tax applicable We are sharing with you an important judgement of the Honble CESTAT, Ahmedabad in the case of Commissioner of Central Excise & Servi

Principles of Natural Justice

Posted by RENGARAJ R.K 22 August 2013 22181 Views

PRINCIPLES OF NATURAL JUSTICE- "Audi Alteram Partem" and "nemo judex in causa sua" in Tax matters.Introduction:The principles of natural justice have their roots in two Latin maxims:"Audi alteram partem" and "nemo judex in causa sua". Th

Highlights of the New Companies Bill

Posted by CA Simarpreet Singh Gulati 22 August 2013 59433 Views

The upper house of the Parliament passed the Companies Bill on August 8, 2013 after much delay. The bill replaces Companies Act, 1956, and had been passed by the Lok Sabha in December last year. Key highlights of the new Companies Bill are as unde

4 Reasons for the depreciation of Indian Rupee

Posted by CA Simarpreet Singh Gulati 22 August 2013 111217 Views

The Indian rupee has slid to a historic low against the dollar. Wonder what causes such movements? Read on.... Rupee has touched a historic all-time low by dropping below Rs 60 (against $1). There are several reasons which have led to this r

Basic Funds of Shares & Stock Market

Posted by CA Simarpreet Singh Gulati 22 August 2013 9127 Views

The stock market appears in the news every day. You hear about it any time it reaches a new high or a new low. Obviously, shares and the stock market are important, but many of you may find that you know very little about them. What is a sh