CAclubindia Articles

Section 194H - Principal and Agent Relationship?

Posted by CA Dhruva Kalamanji 21 October 2013 15830 Views

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

Posted by CA Arnab chakraborty 18 May 2021 14823 Views

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)

Posted by Navin K Mishra 22 April 2021 23138 Views

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).

Provisions of Companies Act 2013 (Along with Draft) Relating to Audit & Auditors

Posted by CS DHANAPAL 17 October 2013 77242 Views

Companies Act, 2013 has been published in the official gazette for public information and will become applicable once the Ministry of Coprorate Affairs (MCA) notifies it. Accordingly, MCA has notified 98 sections of the Act on 12th September 2013 fo

Capital Gain Tax Simplified

Posted by CA Pallav Singhania 24 June 2016 59910 Views

Chargeability u/s 45 Profits or gains arising from the transfer of a capital asset is chargeable to tax in the year in which transfer take place under the head "Capital Gains". Definitions Transfer: Sec. 2(47): Transfer in relation to

The 7 Laws of Clearing CA Exams - 2

Posted by Nitin Soni 16 October 2013 62598 Views

First thing first. I am overwhelmed with the kind of response my previous article The 7 Laws of Clearing CA Exam got. Almost 10,000 view and more than 100 comments. Wow! Thank you friends for appreciating my effort. When I wrote the

Preparing for Government Audit

Posted by Anurag 16 October 2013 22144 Views

EXPENDITURE AUDIT (M99,M07)(N01,N03,N06)(N11) Audit against Rules &Orders(M08) Is expenditure = in conformity with statutory provisions and financial rules and regulations? Functio

Few thoughts on Income Tax Scrutiny Provisions

Posted by Mahesh Kapasi 16 October 2013 22685 Views

Few thoughts on Income Tax Scrutiny Provisions is it Income scrutiny or Expenditure one! Once upon a time there was an Expenditure Tax it was so unpopular that government had no option but to withdraw it. Now indirectly it is in vogu

Service Tax on Restaurants and Hotels: A Legislative Competence

Posted by Bhaskaran Chackrapani Warrier 02 May 2021 72265 Views

SERVICE TAX ON RESTAURANTS AND HOTELS – LEGISLATIVE COMPETENCE The Finance Act,2011 has inserted sub clause (zzzzv) and (zzzzw) to section 65(105) of the Finance Act,1994 thereby imposed service tax on restaurant services and short term

Audit Report for CA IPCC

Posted by Anurag 16 October 2013 28565 Views

AUDIT REPORT Draft an illustrative Audit Report u/s 227 of the Companies Act, 1956, with a few qualifications. Annexure u/s 227(4A) is not required. In this situation, we depict a case where the auditor was unable to obtain su