CAclubindia Articles

Issue of Sweat Equity Shares under Companies Act, 2013

Sudish Kumar Gupta 20 August 2015 at 10:21

Dear Readers/ Professional Members,Greetings for the day..Section 54 of the Companies Act, 2013 corresponds to section 79A of the Companies Act, 1956 and seeks to provide that on fulfilling certain conditions, a Company may issue sweat equity shares

GST Bill - Perfect or imperfect?

Harsh Gadodia 20 August 2015 at 10:21

Lots of talks going on GST implementation by 1st April,2016 as promised by our Hon'ble Finance minister Shri Arun Jaitley. With the hope of passage of GST b

Audit Report 2015 - is it a nightmare or a labor-pain?

P.R. Sethuraman 20 August 2015 at 10:21

The auditing community had really gone through a rough and tough time in the form of �labor pain� in drafting the audit report under section 143 (3) of the Companies Act 2013 for the financial year ended march 2015 due to last minute rush

Acceptance of deposit from members in case of private limited company

CS Divesh Goyal 20 August 2015 at 10:21

BACKGROUND:Loans are the major source of funding for most of the Companies apart from their Share Capital. Companies borrow from various sources like banks and various other financial institutions. Whereas,Public Limited Companies borrow from mass pu

Disputed inputs service credits

Ashish Chaudhary 19 August 2015 at 10:34

The concept of set off where an assessee adding value is able to set off the taxes on his purchases, is an important one which enables one to avoid the cascading effect of ta

How to Fill Income tax return form - Tax consultant in India

Neeraj Sharma 19 August 2015 at 10:34

File your tax returns before August 31It�s time to pay more attention as the income tax department seeks more disclosures to catch tax evaders.THIS is the time of the year when people run around for filing their income tax return. This year the

Overview of tax implication of CSR expenditures

SAGA 19 August 2015 at 10:33

Introduction1.1.1 The Finance Act, 2014 has brought a very radical & far reaching

Employee Stock Option

Deep Vaghela 19 August 2015 at 10:33

PROCEDURAL STEPS FOR EMPLOYEES STOCK OPTION SCHEMESConvene the Board Meeting to constitute Compensation Committee, appoint Merchant Banker for administering Employee Stock Option and take inprincipal approval from Stock Exchanges;Formulate the detail

How to score atleast 60 in IPCC Audit

ASHWIN 18 August 2015 at 16:45

My dear friends,The purpose of this article is to help the students in CA IPCC Audit subjects & not to take any credit in any manner.It has been prepared in consultation with 2 of my friends Vakeel Ali & G

Neutralise artificial restrictions under Cenvat Credit Rules

Ashish Chaudhary 18 August 2015 at 16:45

Cenvat Credit scheme is designed to avoid cascading effects but it has been seen over a period that the government has been diluting the basic philosophy of the rule by introducing many arbitrary restrictions. This has been done to augment reve