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TDS on Rent u/s 194-I

  CA. Kapil Goel, DISA(ICAI)    20 April 2015 at 10:28

Any person who is not an Individual or HUF, who is paying any income to resident by way of rent is liable to deduct tax at source only in case the aggregate of the amount of such rent credited or paid or likely to credited or paid during the financi



GST Constitution Amendment Bill- A Comparative Analysis

  Rajat Mohan    17 April 2015 at 13:53

IntroductionGST Constitution Amendment Bill was presented in the parliament for the purpose of introducing Goods and Service Tax. Currently GST is the hot topic in India. Bill contains the provisions that will be applicable under Goods and Service



Dissolution of a partnership firm

  CA. Kapil Goel, DISA(ICAI)    17 April 2015 at 13:53

There are many consequences where the partners feel the need to close the partnership firm. As per our Partnership Act the closure of firm is termed as dissolution of firm. In the words of bare act "The dissolution of partnership between all the



The Pros and Cons of incorporation of OPC

  CS MOHIT SALUJA    17 April 2015 at 13:52

THE PROS AND CONS OF INCORPORATION OF ONE PERSON COMPANY (OPC) With the enactment of Companies Act, 2013 w.e.f. April 1, 2014, a new concept called “ONE PERSON COMPANY (OPC)” also came into existence. The legislature were of the view that



Indian accounting standards converged with IFRS (Ind AS)- An Overview

  Amit Bavishi    17 April 2015 at 13:52

The world is getting smaller and smaller,globalization has made it possible to accept the world as one market. For better understanding of the business reporting and consistency in accounting policies, there was an urgent need to align to one global



Books of VAT accounts

  Rajat Mohan    16 April 2015 at 11:01

Books of VAT Accounts --Sale book, Purchase Book, Tax Invoice, Retail Invoice, Challans many more to discuss1. Introduction:In general, terms books or books of account include ledgers, daybooks, cashbooks, account-books and other books, whethe



CSR- Companies Act, 2013

  CS Divesh Goyal    16 April 2015 at 11:01

Presently Corporate Social Responsibility (CSR) expenditure is at the discretion of the corporate however after enactment of Section 135 of Companies Act 2013 such expenditure is made mandatory for certain corporate. Corporate Social Responsibility (



Tax Accounting Standards (ICDS) - An Overview

  CA KiranKumar.K    16 April 2015 at 11:01

Whats the need: It has been a discussion since two decades arguing that the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) are so flexible that it&rsquo



International Tax - Case Law Analysis-2015: Series 3

  CA Rohit Gupta    16 April 2015 at 11:01

International Tax Update: India Foreign Remittance: Taxability: Case Law Analysis 2015: Series 3 1. Reimbursement of Technical Expenses to Head office: Bureau Veritas-Indian Division vs. ADIT [2015] 54 taxmann.com 139 (Mumbai - Trib.): The Assessee w



The Companies (Auditor's Report) Order, 2015

  RAHUL KUMAR    16 April 2015 at 11:00

The MCA has issued Companies (Auditor's Report) Order,20l5. It shall come on to force 10 th april 2015ELIGIBLE COMPANY FOR CARO 2015 S.No. COMPANY ELIGIBILTY 1 Every company including a Foreign company




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