CAclubindia Articles

Dormant Companies - Sec- 455

CA Sripriya K 17 February 2015 at 10:42

Dormant Companies - Sec- 455 In certain cases, Companies are formed only for the purpose of holding certain assets or IPR or for a future project and such companies do not have routine accounting transactions. Further, it is also likely that certain

Section 194DA clarification needed

Rajesh Kumar Gupta 17 February 2015 at 10:42

Applicability of various provisions of Income Tax Act 1961 to Insurance policies: Also a debate over newly inserted section 194DAA brief DescriptionWith a view to inculcate a habit of thrift, GOI, has through Income Tax Act 1961 and various Finance A

Black money

CA Raj K Agrawal 16 February 2015 at 11:05

Black money refers to funds earned on which income and other taxes have not been paid. This money is largely accumulated from: 1. Lower income declared by Businessman in Income tax returns. 2. Money of Politicians & Government official created fr

Standard operating procedure for prosecution in cases of TDS/TCS default

CA SONIYA AGARWAL 16 February 2015 at 10:17

Two categories of cases for prosecution in TDS related offences: LIST A - MANDATORY PROSECUTION :-TDS of more than Rs. 1,00,000 deducted but not deposite

Be wise, when making decisions

Shivanand Pandit 16 February 2015 at 10:17

Life is full of decisions, and we make a number of them every day.The decisions we make range from the trivial to crucial. What we decide will determine the kind of person we become later. Of all the precious and exquisite life proficiencies an abili

Cricket and income tax, what is similarity, you must know it

CA Umesh Sharma 16 February 2015 at 10:17

KARNEETI Part 76Cricket and Income Tax, what is similarity, you must know it.Arjuna (Fictional Character): Krishna, the 11th Cricket World Cup has been started in Australia. In these days 14 countries will compete against each other. In Cricket there

Section 73&76 of companies act not mandatory

ANMOL JHA 16 February 2015 at 10:16

Dear Professional colleagues,Have a serious look into what is stated herein with your skillful application of mind. Section 2(31) of the Companies Act,2013, defines deposit and according to the definition all receipts of money by a company have been

One Person Company - An Introduction

CA Sripriya K 14 February 2015 at 12:04

Section 3 of the Companies Act deals with the Formation of Companies. The corresponding section of the erstwhile Act was Section 12 – Mode of forming incorporated Company.

Repayment of deposits u/s 74 of companies act, 2013

Raghavendra Chakravarthy 14 February 2015 at 12:04

Dear professional colleagues, Firstly I wish to thank Mr. Anmol Jha for bringing out this controversial topic to enlighten the professionals. I am herewith posting my understandings and comments, fo

In "Shell" fish Co.! making most of shell companies!

Kunal R. Sarpal 13 February 2015 at 11:11

This one is for the start-up guys or the veterans who want to steer clear of the pains of starting a Company from the scratch.To lay down the steps for you, forming a Company, Listing it, getting all the licensing for it, building its goodwill, getti