CAclubindia Articles

No rollback of 1% excise on gold

Posted by CA Neha Gupta 17 March 2016 12704 Views

The Union Finance Minister, Arun Jaitley straightaway stood firm on 1 % Excise duty proposed on non silver jewellery in Budget 2016-17.While replying in the debate discussions held in the Lok Sabha on 14 March, 2016,

Hopes of Auto Industry Shattered!

Posted by Pradeep Jain 17 March 2016 6332 Views

Introduction:- With the forthcoming budget 2016-17 there were lot of hopes and expectations of the automobile industry that they will be encouraged by way of various tax incentives but the budget came as a curse to them. All the hopes went in vain as

Comparison of internal audit and internal financial control

Posted by CA Amrita Chattopadhyay 17 March 2016 46605 Views

Executive SummaryThe Companies Act, 2013 has placed additional responsibility on the statutory auditor to report on the Internal Financial Control of the company as per clause (i) of sub-section 3 of section 134. Although the section was notified in

Real estate bill passed: Here are the benefits for home buyers

Posted by Anand Satyapanthi 16 March 2016 14186 Views

The much awaited Real Estate Bill was passed in Lok Sabha on Thursday, 10th March, 2016. The core objective of the bill is to protect the buyer�s interest and also to bring the transparency to the sector.The bill was presented in 2013 and amend

Sale of Immovable Property

Posted by ROHIT 16 March 2016 14530 Views

TAX Implications of Investing in Property Hello Everyone,The latest buzz these days is investing in the Property Market/ Real Estate. Bhai Paisa hai to Property me laga, is very common to hear even from someone who knows nothing about the churn of ev

Safe Harbour Rules

Posted by Varun Sharma 16 March 2016 8053 Views

Notification dated: 18.09.2013 Insertion of rule 10TA to 10TG to the Income Tax Rules, 1962 Section 92CB of the Income Tax Act, 1961 Rule: 10TB - Eligible Assessee

Builders ko Real Estate Bill ki "Chowkat" nahi to taklif "Chowpat"

Posted by CA Umesh Sharma 15 March 2016 8670 Views

KARNEETI Part 120Builders ko Real Estate Bill ki �Chowkat� nahi to taklif �Chowpat�.Arjuna (Fictional Character): Krishna, In India there are more than 76 thousand registered Real Estate Companies. Also, there are lakhs of sma

Companies Act 2013 - Internal financial controls

Posted by Rahul Magan 15 March 2016 26916 Views

Purpose of the Article: -Purpose of the article is to let you know about changes in Companies Act 2013, Internal Financial Controls (IFC), Committee of Sponsoring Organizations (COSO) and effective design of Internal Controls in an organization.Accor

Ambit of Advance Tax

Posted by Abhijeet Deshpande 14 March 2016 15224 Views

What is Advance Tax?Advance Tax is where an assessee pays the government taxes on your income right throughout the year, i.e., payment of taxes within the Financial Year. It can be called as �Pay-as-you-Earn� scheme. Who shall pay Advance

Increase in limitation period for issuing SCN - Is this "Ease of doing business"

Posted by Bimal Jain 14 March 2016 9167 Views

Dear Professional Colleague,Increase in limitation period for issuing SCN � Is this �Ease of doing business�Amongst the flurry of changes brought in by the Union Budget 2016 seeking to reform the Country�s taxation system and