CAclubindia Articles

Service tax on the amount credited/ debited to suspense

praveen 30 March 2015 at 10:49

IntroductionConstruction industry is one of the major sources of revenue to the government of India. It is very imperative for each and every entrepreneur to plan his service tax well in advance. Before starting any project professional consultation

International Tax - Case Law Analysis-2015: Series 2

CA Rohit Gupta 30 March 2015 at 10:49

International Tax Update: India Foreign Remittance: TDS u/s 195: Case Law Analysis 2015: Series 2 Some of the important case laws published in India during the year 2015 pertaining to TDS u/s 195 and/or taxability of foreign companies/non-resident en

Why do I consider Purchase Order, an important Internal Financial Control?

Tulasi S Sastri 30 March 2015 at 10:48

We all know that Purchase Order is a document, released by an organization, to a vendor, to make supplies of a specified item or material, at a given price, of specified quantity, quality and description. If the mandate to a vendor is for specified

Process of filling of application with company law board

CS Divesh Goyal 30 March 2015 at 10:48

PROCESS OF FILLING OF APPLICATION WITH COMPANY LAW BOARDFOR EXTENTION FOR TIME OF REPAYMENT OF DEPOSITGOYAL DIVESH & ASSOCIATES,PRACTICING COMPANY SECRETARYREPAYMENT OF DEPOSIT: As per Section 74(1) (b) Every company which have deposit as on 1st

Service Tax: Analysis of amendments effective from 01.04.15

CA Chitresh Gupta 30 March 2015 at 10:48

SERVICE TAX: ANALYSIS OF AMENDMENTS APPLICABLE WITH EFFECT FROM 01ST APRIL 2015By CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified)The Finance Bill, 2015 has proposed lot of changes in Service tax provisions. These changes will be

Appointment of Women Directors

Kunal R. Sarpal 28 March 2015 at 15:54

Women Directors, yeah, we really need them! Kunal, really, why do you want women ruling the Board too? My reply, why not...? It’s high time we walk the talk and start offering a board seat to all the competent ladies out there. Thanks to SEBI a

Material Procurement - Inventory levels & EOQ

CMA Poornima Madhava 28 March 2015 at 15:53

Material Procurement Inventory Levels & EOQAn important function of Stores is to requisition materials for replenishment. The following tools help Stores to maintain required inventory and to guide on reorder quantity:Let us discuss each

Impact of Change of Service tax liability structure from partial reverse charge

Bimal Jain 28 March 2015 at 15:53

Impact of Change of Service tax liability structure from partial reverse charge to full reverse charge on manpower Supply and Security Services in transition periodAs Notification No. 30/2012-ST dated 20-06-2012 has been amended vide Notification No.

Introduction of IND AS Framework

CA Vivekanand Pote 28 March 2015 at 15:53

Framework for preparation and presentation of financial statements in accordance with IND AS Purpose Sets out the concepts for preparation and presentation of financial statements in accordance with IND AS Assist in development of future Indian Acc

Risk Management Policy

Sundharesan Jayamoorthi 28 March 2015 at 15:53

Section 134(3)(n) - Risk Management Policy There was some relief when the regulators relaxed the reporting requirement of Internal Finance Control (IFC) under section 134(5)(e) of the Companies Act, 2013 (the Act) which is applicable for listed comp