CAclubindia Articles

Credit Balance of Ed Cess & SHE Cess-Never Ending Story!

Pradeep Jain 01 December 2015 at 12:25

Introduction:- The announcement of the exemption to the levy of Education Cess and SHE Cess levied on Excise duty with effect from 01.03.2015 and that levied on service tax with effect from 01.06.2015 created new hopes in the minds of the assessees a

Biggest Distraction while preparing for a CA exam: Your cell phone

CA Aditya Shah 01 December 2015 at 12:24

Heading into an exam, we always intend to give our best. But many of us don�t know how the machine operates.Especially for those like me who can�t manage social networking & then those who never thought of managing it.Heading into a C

How to report Incomes from India while filing the tax return in USA?

Ramalingam K 01 December 2015 at 12:24

It is often that people take the plea that the law is not known to them and any breach of law therefore is purely due to ignorance. However, the Latin term �ignorantialegisneminemexcusat� very aptly and succinctly states the truth-"i

Understanding Goods and Services Tax # 1: Historical Background for implementation of GST in India

ARPIT HALDIA 01 December 2015 at 12:24

Goods and Services Tax i.e. GST has been in the news for numerous reasons during the last decade be it the game changing concept in

Why education cess @3% Part-2

Mukesh Kuriyal 01 December 2015 at 12:23

As I have earlier written in my article that approx. 82763.58 crores has been collected through education cess only for Fin year 2014-15 (the data collected till 31st October).Refer to my earlier article- Click hereNow below I have collected the dat

Disclosure norms - Living Figures vs. Book Figures

P.R. Sethuraman 01 December 2015 at 12:23

The word �close� has dynamically two different meanings depending upon the usage either as a verb or otherwise. If one says he is close to you, it means he is nearer to you either by distance or conception. If the same is used as �v

Analysis of directors' statutory obligations - Sec 166 of CA 2013

Amitav Ganguly 30 November 2015 at 10:30

BACKGROUNDThe Companies Act 2013 {new Act 2013} for the first time has laid down the duties of directors in unequivocal terms in the section 166 in contrast to erstwhile Companies Act 1956. It is a well established judicial precedent that the Directo

FDI in defence sector

RANGA SRINIVAS 30 November 2015 at 10:30

Defence sector is opened up further by GOI by bringing the infusion of capital upto 49% under automatic route. This gives an impetus to the Private Industry and will enable them to negotiate with international firms to set up i

SEBI Listing Regulation 2015 - Common obligations of listed entities

CS Divesh Goyal 30 November 2015 at 10:29

Presently, a private agreement between Stock Exchange and listed company govern all listing obligation and disclosure requirement. This listing agreement like any other agreement among parties creates civil obligation in case of any violation of the

Limited Liability Partnership: The emerging concept & its notable features

CA Arun Kumar 28 November 2015 at 13:19

Limited Liability Partnership (LLP):This is a form of the organization that brings the benefits of the flexibility of the Partnership and the Limited Liability of the Company based on the mutually arrived agreement.LLP is an incorporated partnership