CAclubindia Articles

What to expect from Budget 2015

CA SONIYA AGARWAL 07 February 2015 at 11:17

BJP Government first budget under the leadership of Shri Narendra Modi making it the most crucial one. General Expectation of people from budget is favourable tax rates, more reliefs, deductions, easy tax Compliance etc. Every year in the month of Fe

TDS u/s 195- Interesting Cases

CA Rohit Gupta 07 February 2015 at 11:17

Peculiar Cases where Courts held Assessee Liable for Deduction of TDS u/s 195Withholding taxes u/s 195 in respect of transactions with Non-Residents has always been a bone of contention between Assessee and tax authorities. Though liability for deduc

The introduction of proposed Indian GST

CA Sudhir Halakhandi 06 February 2015 at 10:43

Goods and Service TaxTHE INTRODUCTION OF PROPOSED INDIAN GST INTRODUCTION Vat was introduced in all over country in 2006 and GST is the logical conclusion of the successful introduction and imposit

Rejection of Books of Account - Sec 145 of Income Tax Act 1961

CA Ram Bajaj 05 February 2015 at 16:25

145(1) Income Chargeable under the head Profit and Gains of business or profession or Income From other sources shall, subject to the provisions of sub section(2), be computed in accordance with either cash or mercantile system

Independent Directors | An analysis

CS MOHIT SALUJA 05 February 2015 at 10:33

Independent Director is the one who does not have any material or pecuniary relationship with the companyIndependent Directors as per reading of section 149(6)Section 149 (6) An independent director in relation to a comp

Update on Indirect Tax - Service Tax, Excise and GST for the month of Feb 2015

TARUN KUMAR GUPTA 05 February 2015 at 10:33

In addition to Service Tax and Excise, we have started a new section on GST. Hope this will be useful to you. A. Service Tax 1. Service Tax payment for the month of January, 2015 is due for payment on 6th February, 2015 for assesses excluding Individ

Managing Bribery and Corruption Risks in the Infra Industry

Member (Account Deleted) 05 February 2015 at 10:33

Any competitive advantage gained through corruption is a mirage.Why is bribery and corruption such a challenge in the sector : Construction and Infrastructure Industry?In addition to the bribery and corruption risks prevalent in all in

Modes of investment in mutual funds

Elton Sukumar M 04 February 2015 at 10:26

The objective of this write up is understand direct entry scheme in mutual funds, before we proceed to understand direct entry scheme, let us have basic idea of mutual funds.Meaning of Mutual FundsCarpooling is ord

Crude Downslide - Why are the Oil Cos Still Bleeding

CA Prakash Sajnani 04 February 2015 at 10:26

With the quarter 03 balance sheets of the many Oil marketing companies being on the verge of finalization the expectation of the General Public is that the Oil Marketing Companies (OMCs) also known as the downstream companies will make substan

Financial Statement,Board Report under Cos Act,2013

CS M.Kurtrala Nathan 04 February 2015 at 10:26

Section 134 of the Companies Act,2013 and Rule 8 & 9 of the Companies (Accounts)Rules,2014 deals with the Financial Statement and Board Report.Signing of the Financial Statement: The financial statement, including consolidated financial statement