CAclubindia Articles

Questions to ask while designing Employee Incentive Schemes

Tulasi S Sastri 30 December 2014 at 10:32

Performance Incentive Schemes have all along been considered an important tool in the hands of the management, to differentiate between high performers and others, and to suitably reward the former. Where the overall output is dependent on employee g

Process for PAN application for Non Resident in India

CA Chirag Chauhan 30 December 2014 at 10:31

Indian citizen residing abroad, foreign citizen and other than individual (like company or trust or firm etc.) who wants to apply for PAN should fill the PAN application 49AA. Basically PAN application for Non Resident can be bifurcated into three c

Procedure of removal of directors under Co. Act, 2013

CS Divesh Goyal 29 December 2014 at 17:58

Power to remove directors has always been bestowed on shareholders, as we all know that at the end of the day, directors are answerable to shareholders. Nothing has changed in the procedural aspect under Companies Act, 2013 as well. Shareholders can

$Interest Under Section 234A\B\C$

Interest Under Section 234A\B\C

CA Kumar Mukesh 29 December 2014 at 17:57

We all are aware that when the section 234A\B\C, but only few of us are able to compute accurate Interest under these section.The purpose of this article to cross verify the interest calculated by system against our manual workings. Some readers mayt

P.K.'s view on Indian Tax system. Enjoy it!

CA Umesh Sharma 29 December 2014 at 17:57

KARNITI PART 69 P.K.s view on Indian Tax system. Enjoy it! Arjuna (Fictional Character): Krishna, Aamir Khans recently released movie, P.K., is in Limelight. Tell me, if this cha

Power to dismiss appeal for default

sivadas chettoor 29 December 2014 at 17:57

1. INTRODUCTION: This article deals with the power of the Appellate Tribunal constituted u/s 4 of the Kerala Value Added Tax Act 2003 ( for short the Act) to dismiss an appeal for default without deciding

Penalty leviable even if service tax is paid before SCN

Sumit Grover 29 December 2014 at 17:57

Recently, Hon'ble Karnataka High Court in the matter of K. Madhav Kamath Brother & Co. v. Asst. Comm. of Central Excise, pronounced that even if service tax is paid prior to Show Cause Notice, still the penalty shall be leviable u/s 76/78, 77

Benefits of recognition of Inhouse R & D Depart with DSIR

Utpal Mehta 29 December 2014 at 17:56

What is In-House R&D RecognitionThe Department of Scientific & Industrial Research (DSIR), which is under the Ministry of Science & Technology is operating a scheme for granting recognition and registration to in-house R&D set up of C

Limited Liability Partnership - Concept & Taxation

Sumit 27 December 2014 at 11:38

Introduction Limited Liability Partnership Act was made applicable from 01st Apr 2009 in India. However the LLP structure never became as popular as was envisaged. However, after the enactment of Companies Act there is a renewed interest in the LLP s

All about GST - What, When and How

Himanshu Kalra 27 December 2014 at 11:38

The introduction of GST is being seen as second major tax reform after 1991. GST is in the limelight again and everyone wants to have a talk about it. Under this article, I have tried to summate basics of GST. Have a good read. What is GST? GST is th