CAclubindia Articles

Compliances and rules for Nidhi Companies

Posted by CA BHUMIT SHAH 29 April 2020 4048 Views

Nidhi shall file a return of statutory compliances in Form NDH-1 within 90 days from the closure of the financial year with the Registrar duly certified by a Company Secretary in practice or a Chartered Accountant in practice or a Cost Accountant in practice.

Clarification on short deduction of TDS due to increase in surcharge rates in Finance Act 2020

Posted by SAGAR MALHOTRA 29 April 2020 4700 Views

Every individual taxpayer is required to compute its tax liability for the AY 2020-21 after taking into consideration the new rates. Further, the deductor or collector was also required to deduct TDS or collect TCS after considering the new rates.

What is CPA? | How to prepare for CPA?

Posted by Sripal Jain CA, CPA 29 April 2020 9519 Views

Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world.The exam is administered by the American Institute of Certified Public Accountants (AICPA) and is considered to be the top accounting credential in the world.

The Franklin-Templeton Fiasco

Posted by Paritosh Joshi 28 April 2020 5571 Views

In these turbulent times when uncertainty has gobbled up whole of the market. With all the production processes halted and oil being left unused in the storages...

Points to remember while finalizing books of accounts of pvt ltd company for FY 2018-19

Posted by Gaganjot Singh 28 April 2020 48532 Views

In this article, what points should be taken care off, while finalizing the books of accounts of the private limited company is explained

Liability to deduct tax at source by individual and HUF under Finance Act 2020

Posted by CA Mehul Thakker 28 April 2020 2559 Views

Liability to deduct tax at source under section 194A, 194C, 194H, 194I and 194J was first introduced by the Finance Act, 2002 by inserting various proviso to the respective sections.Proviso to section 194A(1), Proviso to Section 194C(1), Second Proviso to 194H(1), Second Proviso to Section 194I(1), Second Proviso to 194J(1) were inserted by Finance Act, 2002 w.e.f. 01-06-2002

TDS on Salary for F.Y.2020-21

Posted by CA Umesh Sharma 28 April 2020 56078 Views

As per the official notification of the CBDT it is mandatory for an employee to intimate his employee if he is opting for the concessional tax rates under the new tax regime for the purpose of TDS deduction on salary.

How can businesses mitigate the adverse affects of COVID-19?

Posted by CA Saad Ali Kazi 28 April 2020 1294 Views

It is time to introspect the impact of the lockdown and take measures to minimize the same. As the day-to-day activities of businesses are on descent, it is a good opportunity for entrepreneurs to analyze their businesses. This will not only help in minimizing the impact in the aftermath of the COVID-19 crisis but also will help in the long run and change our business approach.

Stepwise guide to incorporate a company through SPICe+

Posted by DEEPAK SETH 28 April 2020 6755 Views

SPICe+ is the new form by the government to make it further easier for incorporating a business in India. The new web form, Simplified Proforma for Incorporating Company Electronically Plus (SPICe+), integrates various services from various ministries and departments.