CAclubindia Articles

Ind AS 19 on Employee Benefits

Posted by P.R. Sethuraman 03 June 2016 76821 Views

Employee Benefits include and cover all forms of consideration given by an entity in exchange for service rendered by employees. Pictorially, it is mapped out below. Post-Employment Benefits are employee benefits (other than termination benefits

Matters to be undertaken by NCLT

Posted by CS MOHIT SALUJA 03 June 2016 4818 Views

MATTERS TO BE UNDERTAKEN BY NCLT W.E.F. June 01, 2016 Government constituted the Benches of National Company Law Tribunal and hence, the Central Government vide Notification No. S.O. 1934(E) subject to the provisions of Companies Act, 2013, has decla

Setting aside the 'bad insurance policy' is a good investment policy

Posted by Ramalingam K 03 June 2016 3258 Views

1.What is a Bad Insurance Policy? Did your last insurance policy assure you only insecurity after you bought it? Do you feel that the insurance policy which you have just taken does not serve your purpose? Or, is it that the policy does not give all

TCS on cash sale of goods or services

Posted by CA SONIYA AGARWAL 03 June 2016 12546 Views

Finance Act, 2016 imposed TCS on cash sale of goods or services with effect from 1-6-2016. New Sub Section (1D) of Section 206C is as follow: Every person, being a seller, who receives any amount in cash as consideration for sale of bullion or jewell

Equalisation Levy: At a Glance

Posted by Ajay Pradeep Bansal 02 June 2016 10643 Views

Finance act 2016 has introduced Equalization levy to address challenges of the �digital economy� on the amount of consideration received by non-resident for any specified se

FAQ : TCS on sales of Goods and Services for value more than 2 lacs

Posted by Rani Jain 02 June 2016 21477 Views

Solutions to Frequently Asked Question on TCSFor amendment in Section 206C, sub section 1D of the Income Tax Act, 1961 for Sale of Goods or Provision of Service of value exceeding Rs. 2,00,000: By Rani Jain Act ��Every person, being a sel

No Krishi Kalyan Cess on debtors as on 13th May 2016 - Part 2

Posted by CA Raman Singla 02 June 2016 13535 Views

The enabling provisions for KRISHI KALYAN CESS (KKC) are contained in Chapter � VI of Finance Act� 2016. As per the provisions, KKC shall be applicable at 0.5% on all taxable services and the proceeds of KKC would be exclusively used for

FAQ on TCS on Motor Vehicle Rs.10 Lakhs more

Posted by Rani Jain 01 June 2016 8863 Views

Solutions to Frequently Asked Question on TCSOn amendment in Section 206C, sub section 1 of the Income Tax Act, 1961 for Sale of Motor Vehicle of Value exceeding Rs. 10,00,000Finance minister, Mr. Jaitley had proposed to impose a provision for collec

Amendment in SEBI LODR Regulations

Posted by CS Ankur Srivastava 01 June 2016 8438 Views

SEBI, with the intent of investor protection and enabling them to take better and well informed investment decisions, has vide its Circulars dated 25th May 2016 and 27th May 2016 brought in certain amendments to th

Tips received by waiters from customers is not salary income

Posted by rajat aggarwal 01 June 2016 5646 Views

Background and factsSection 15 of the Indian Tax Laws (ITL) includes the following incomes as chargeable to tax under the head �Income from Salary� (Salary head): Salary that is �due� from an employer or a former employer, whe