30 May 2015 at 11:16

Export condition fulfilled even if payment is received in Indian Rupees

  POSTED BY bimal jain

Dear Professional Colleague,Export condition fulfilled even if payment is received in Indian RupeesWe are sharing with you an important judgment of the Hon-ble Mumbai Tribunal, in the case of Sun-Area Real Estate Pvt. Ltd. Vs. Commissioner of S

Posted in Service Tax  2 comments |   351 Views


30 May 2015 at 11:16

Check that cheque!

  POSTED BY Pooja Tewary

All of us encounter cheques on frequent basis. My urge to know more about the cheque begum when I was handed over the stipend cheque last month. All this while I had never paid heed to the intricacies of a Cheque. The only number I would focus when m

Posted in Professional Resource  13 comments |   1136 Views


30 May 2015 at 11:16

Why KYC

  POSTED BY Raghavendra Prasad M

Dear Tax Payers , KYC is the buzzword first in Banks, next in Insurance Companies, and then Chartered Accountants offices .The Prevention of Money Laundering Act,2002 and Rules came into force from 1st July,2005, i.e., complet

Posted in Taxpayers  0 comments |   538 Views


30 May 2015 at 11:15

The Companies Amendment Act, 2015

  POSTED BY PCS Divesh Goyal

New Delhi: The RAJYA SABHA on 13th May 2015 passed the Companies (Amendment) Bill, 2014, which provides for severe punishment for those raising illegal deposits from the public.The LOK SABHA in 2014 passed the Companies (Amendment) Bill, 2014, after

Posted in Corporate Law  2 comments |   794 Views


30 May 2015 at 11:15

Powers of High Court - Settlement Commission

  POSTED BY Nischal Agarwal

High Court has power to decide the correct position of law on admitted facts before Settlement CommissionReliance in this connection can be placed on the decision of Hon’ble Apex Court in case of M/s Asahi India Safety Glass Ltd reported in 201

Posted in LAW  2 comments |   308 Views


29 May 2015 at 11:38

Eligible activities for Corporate Social Responsibility (CSR) expenditure

  POSTED BY Sahil Jolly

Activities which are eligible for CSR expenditure in pursuance of Schedule VII of the Companies Act 2013 are as follows: Eradicating hunger, poverty and

Posted in Corporate Law  0 comments |   979 Views


29 May 2015 at 11:38

Haryana VAT officers

  POSTED BY Rajat Mohan

Administration and Duties. 1. Appointment of Commissioner and other officers:Authorization for appointing a commissioner rests with the state government. Along with the commissioner, many Additional Excise and Taxation Commissioners, Joint

Posted in VAT  0 comments |   567 Views


29 May 2015 at 11:38

Financial Shenanigans

  POSTED BY Simerjeet

Financial Shenanigans includes aggressive or creative accounting, window dressing and accounting frauds with an intent to create a wrong impression about the financial performance and health of the enterprise. Dishonest compani

Posted in Accounts  7 comments |   1959 Views


29 May 2015 at 11:38

SS-2: General meetings

  POSTED BY Saurabh Agrawal

APPLICABILITY: all types of General Meetings.CONVENING A MEETING• Authority to call general meeting: Board of Directors. If they fail, any Member of the company may approach the prescribed authority, which may then direct the calling of the Annu

Posted in Corporate Law  1 comments |   2243 Views


28 May 2015 at 10:24

The concept and tax effect of switching in mutual funds

  POSTED BY Sahil Jolly

Hi, almost all of us are aware of investing in Mutual Funds and their respective Tax effects.However, some areas still remain Grey for some and one such area is Switching in Mutual Funds.What is

Posted in Income Tax  1 comments |   1067 Views


28 May 2015 at 10:24

Social Accounting & its importance

  POSTED BY Amrita Chattopadhyay

Social accounting is a way of demonstrating the extent to which an organization is meeting its stated social or ethical goals. Technically, the term -social accounting- or -social auditing&rdqu

Posted in Accounts  0 comments |   590 Views


28 May 2015 at 10:24

SS 1- Meetings of the board of directors

  POSTED BY Saurabh Agrawal

APPLICABILITY: On Meetings of Board of Directors & Committee of the Board.CONVENING A MEETINGAuthority to call a meeting - any director of the company.Authority to convene a meeting - company secretary.(In consultation with chairman o

Posted in Corporate Law  1 comments |   2349 Views


28 May 2015 at 10:24

Proposed corporate tax rate cut in Budget 2015 and its impact on AS-22

  POSTED BY Sundar

May 26, 2014 was a watershed moment in the history of Indian politics. The Macroeconomic scenario, for few years leading into 2014, was downcast with inflation running high, government having a huge fiscal and current account deficit and the GDP stay

Posted in Union Budget  1 comments |   3353 Views


28 May 2015 at 10:23

The power of positive attitude

  POSTED BY T.R.Radhakrishnan

T.R.Radhakrishnan,Banking & Management Consultant,Facilitator: DRT & SARFAESI CASES and CONSUMER FORUM,H.R.Trainer: Corporates, Colleges & Schools, & Freelance Writer, No. 8, Morya Gardens, Kanadia Road,Indoe.452016 (M

Posted in Others  16 comments |   4907 Views


27 May 2015 at 10:28

TDS on Rent u/s 194I

  POSTED BY Poornima Madhava

What is tax deduction at source?Persons responsible for making payment of income (rent), are responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated.The recipient of the income (though s/he gets

Posted in Income Tax  24 comments |   10459 Views


27 May 2015 at 10:27

Secretarial standard on meetings of the board of directors

  POSTED BY PCS Divesh Goyal

BACKGROUND:The Ministry of Corporate Affair (MCA) has issued circular Dated: 10th April, 2015 vide Letter No. 1/E/2014/CA/I and same has been notified in official Gazette on 23rd April, 2015. Secretarial standard are applicable on Companies from 1st

Posted in Corporate Law  1 comments |   2161 Views


26 May 2015 at 10:55

Type of Business models in India

  POSTED BY CA Mohit Bansal

Starting a Business in India from point of view of Registration procedure is little much complex but however if someone have to start business in India then he must follows the rules and procedure, but choosing a right consultant and some research w

Posted in Professional Resource  10 comments |   4751 Views


25 May 2015 at 17:19

Global Accounting Certifications and Career in Finance & Accounting Industry

  POSTED BY Guest

CAclubindia in an interaction with Lucia Real-Martin, Director, Emerging Markets, ACCAConversation with Lucia Real-Martin, Director, Emerging Markets, ACCA on career in Finance & Accounting and importance of Global Accounting Certification!Lucia

Posted in Professional Resource  3 comments |   5332 Views


25 May 2015 at 15:03

Amendments in CE and ST wef 1st June 2015

  POSTED BY CA Roopa Nayak

Service Tax & Central ExciseAmendments effective from 1st June 2015Service Tax- Notification No.13/2015-ST dated 19.05.2015 Omits the definition of -Chit- from Notification No.26/2012-ST dated 20.06.2012 (Abatement Noti

Posted in Service Tax  8 comments |   8473 Views


25 May 2015 at 10:38

Analysing the Judgement of Hon'ble Bombay HC holding meal vouchers as ‘Goods’ & Implications

  POSTED BY CA.Ankit Gulgulia (Jain)

Recently the Hon-ble High Court of Bombay have pronounced an order which is a land mark judgment for Indian E-commerce Industry specifically and including Coupon / voucher sub-industry considering the vacuum of judicial pronouncements on this a

Posted in Others  0 comments |   1933 Views





Updated on : 30/05/2015 19:39:00