CAclubindia Articles

Why not to file Income Tax Return before 15th May!!

Posted by CA Mohit Bansal 18 April 2016 18955 Views

At the very first instance, it has been a great step by the government that they have made available the ITR forms on 1st April itself. Although the last date of filing ITR is 31st July for individuals, people have already started filing returns from

Common errors while filing service tax return

Posted by SHILPA GUPTA 11 April 2016 23941 Views

With the service tax return season going on, consultants practising in the field of Indirect tax would be occupied in filing of Service tax return. The due date for filing of service tax return being 25 April; gives assessee a time of 25 days for pre

Internal Financial Control over Financial Reporting (IFCR)

Posted by Pranjul Mittal 11 April 2016 78177 Views

Meaning of Internal Financial Control over Financial Reporting Guidance notes issues by Institute of Chartered Accountant of India on September 2015 states that Internal financial control over financial reporting shall mean �the policies and pr

Recent changes in CARO 2016

Posted by CS DHANAPAL 09 April 2016 141529 Views

The Ministry of Corporate Affairs has notified the Companies (Auditor's Report) Order, 2016 (CARO 2016) vide its Notification no. S.O. 1228(E) dated 29th March, 2016. This Order supersedes the Companies (Auditor's Report) Order, 2015 dated 10

Whether dividend can be paid in kind?

Posted by CS Divesh Goyal 09 April 2016 14853 Views

Provision: As per Section 123(5) of Companies Act, 2013 Dividend not be payable except in cash.Dividend: Section 2(35) of the Companies Act, 2013 simply states that "Dividend Includes Any Interim Dividend&

New Forms in MVAT

Posted by CA Chinmay Gangwal 09 April 2016 22679 Views

Now, Maharashtra Government take initiative regarding hassle frees from the E-Filing return process for ease of doing Business. For that purpose, New templates of annexures and returns in Form 231, Form 232, Form 233, Form 234, Form

Action plan for promoting startups in India

Posted by CA RITUL PATWA 09 April 2016 10473 Views

The concept of building a Start-Up environment in India and creating an eco-system for developing entrepreneurship in India, the Government has issued an Action Plan for the �STARTUP�s IN INDIA�. The various aspects of the action pl

Why Anticipatory Bail?

Posted by Kapil Chandna 09 April 2016 10942 Views

The necessity to grant anticipatory bail arises mainly because sometimes influential persons try to implicate their rivals in false case for the purpose of disgracing them or for other purpose by getting them detained in Jail for some days to get th

Full DT Revision Notes Applicable for May 2016 Exams

Posted by CA Arpita Tulsyan 08 April 2016 41508 Views

Income Tax Act, 1961 came into force on 1st April, 1962PERSON [Section 2(31)] Person includes:1. An individual;2. A Hindu Undivided Family (HUF);3. A Company;4. A Firm;5. An Association of Persons (AOP) or a Body of Individuals (BOI),6. A local autho

Trust Registration in India

Posted by Shubham Gupta 08 April 2016 21693 Views

A private trust, created under and governed by the Indian Trusts Act of 1882, aims at managing assigned trust property for private or religious purpose. The law relating to private trusts is governed by the Indian Trusts Ac