CAclubindia Articles

Functions of a Wholly Owned Subsidiary Company

Ishita Ramani 05 April 2023 at 15:10

A wholly owned subsidiary is a company with 100% of its shares owned by another corporation, which is the parent company. A parent company can acquire a wholly owned subsidiary or create one through a split-off.

FAQs on IND AS 1

CA Sanat Pyne 05 April 2023 at 15:10

IND AS 1 is the Indian Accounting Standard that sets out the rules for the presentation of financial statements.

Top 10 Amendments in GST in February and March 2023 which will impact your business

CA Shruti Singhal 05 April 2023 at 10:27

Top 10 Amendments in GST in February and March 2023

Section 129: Detention, Seizure and Release of goods and conveyance in transit

Harsh Kaushik 05 April 2023 at 09:58

Section 129 talks about detention, seizure and release of goods and conveyance in transit where the intent of taxpayer is to evade tax payment.

TATA Technologies IPO: All you need to know

Shakshi Choraria 05 April 2023 at 09:49

After almost 19 years form the IPO of TCS in June, 2004, TATA Group has come up with the IPO of Tata Technologies, a subsidiary of Indian carmaker Tata Motors.

Company Law for Independent Director

Affluence Advisory 05 April 2023 at 08:57

According to u/s 149(9) of companies act, an independent director shall not be entitled to any stock option and receive any remuneration by way of a fee provided under section 197 sub section 5, reimbursement of expenses for participation in a board and other meeting and profit related commission as may be approved by the members.

Maximizing Your Returns with PPF: Tips and Tricks

Rashmi 05 April 2023 at 08:51

Public Provident Fund (PPF) is a highly sought-after investment option for building a long-term retirement fund due to its low risk, moderate returns, and added tax benefits

TDS on sale of property under migrated E-filling portal

CA CMA Sagar Jaiswal 05 April 2023 at 08:46

As per section 194 IA of Income tax Act, 1961, TDS is applicable on sale of immovable property, if the consideration of property exceeds or equal to Rs. 50,00,000/- (Rs. Fifty lakhs). The rate of tax under the above section is 1% which is to be deducted and need to be deposited by buyer.

When an insurance policy starts to cover risk

FCS Deepak Pratap Singh 04 April 2023 at 14:08

As you are aware that Insurance is a contract between insured and insurance company, and it covers injuries /damages due to insured perils/risks. The time of commencement of risk cover is the utmost important in the insurance policy.