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CAclubindia Articles


Reason for introduction of TDS

  nawin kumar kintali    26 June 2015 at 10:29

There is always a time gap between deriving of income and payment of tax there upon .The objective of introduction of the provision tax deduction at source is to reduce that time gap and also ensure the regular flow of funds to governmentDemerit by T



Key Changes in New ITRs and Eligibility - AY 2015-16 (FY 2014-15)

  Gaurav Jain    26 June 2015 at 10:29

The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.In view of various representations received it was ann



Nidhi Company - Companies act, 2013

  CS Divesh Goyal    25 June 2015 at 10:46

Section � 406 read with rules of Companies (Nidhi Companies) Rules, 2014 SECTION 406 OF COMPANIES ACT 2013 AND NIDHI RULE 2014 GOVERNED THE LAW AND PROCEDURE FOR NIDHI COMPANY. Nidhi� means a company which has been incorporated as a Nidhi



Three different mechanisms for an IPO

  Tapan    25 June 2015 at 10:46

The decision to list a company is often taken considering the market trends. When the primary markets are strong, there is a natural temptation to take a company public. This is because, in a strong market, the company gets much more than its fair va



Procedure of re-assessment u/s 147

  CA Pawan Maloo    25 June 2015 at 10:45

Assessment is a procedure adopted to determine the correctness of the income disclosed by the assessee and tax payable thereon. Than what is reassessment and why there is need of reassessment? Section 147 and 148 of



Types of directors

  Kalpesh Veer    25 June 2015 at 10:45

1. Definition:- As per Section 2(34) of Companies Act 2013 Director means a director appointed to the Board of a Company.2. Responsibility:- The board of directors of a company is primarily responsible for: determining the compan



All about ITR - 2A Form

  CA ANKIT GUPTA    25 June 2015 at 10:45

1. Who can use this Return Form? This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the a



Clause wise dicussion of form 3cd- Part 2

  CA Mayank Khatri    25 June 2015 at 10:45

Clause - 16 Amounts not credited to the profit and loss account, being,- the items falling within the scope of section 28; the proforma credits, drawbacks, refund of duty of customs or excise or service tax, or refund of sales tax or value added



Verification of ITR with Aadhar card introduced

  CA SONIYA AGARWAL    24 June 2015 at 11:07

Till now upon E - filing of Income Tax return, we use to send the acknowledgement copy to CPC Bangalore within 120 days by speed or registered post, many a times the acknowledgement copy of ITR does not reach the CPC Bangalore & people used to ge



Advantages & disadvantages of OPC

  CS Divesh Goyal    24 June 2015 at 11:07

�In order to succeed, we must first believe that we can."Till 31St March, 2014, if you wanted to set up a private company, you needed at least one other person because the law mandated a minimum of two shareholders. So, for the person wan




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