CAclubindia Articles

Key Managerial Personnel

CS Divesh Goyal 21 March 2015 at 12:12

KEY MANAGERIAL PERSONNELSection 203 read with rules- 8 of Companies(appointment and remuneration) Rules, 2014 Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL is one of them. While the Companies Act, 195

Budget 2015 Direct taxes,Sukanya Samriddhi Gold Monetisation

Rajesh Kumar Gupta 19 March 2015 at 10:34

Budget 2015 and Direct Taxes with details of Sukanya Samriddhi and Gold Monetisation Scheme No change in the basic exemption limit and the tax rates of individuals. Slab of Income Rate of Income tax Upto Rs. 250,000 [Ba

Provisions related to dividend as per IT Act & Co Act, 2013

MONIKA MANNAN 19 March 2015 at 10:34

Section 115-O(1) Of the income tax act provides that every domestic company required to pay dividend distribution tax in addition to income tax on any amount declared, distributed or paid by way of dividends (whether interim or otherwise), whether o

Financial Statements of Banks

P.T.S. MURTHY 18 March 2015 at 10:20

Bankers are familiar with Profit & Loss Account and Balance Sheet of Corporates as they day in and day out read, analyze, disseminate information for processing the credit requirements of the borrowers. They calculate

Section 92 - An identity crisis for promoters

Sundharesan Jayamoorthi 18 March 2015 at 10:20

Section 92 –An Identity Crisis for Promoter 92 of the Companies Act, 2013 (“Act”) require all companies including private companies to list out details in the prescribed format containing particulars as they stood on the close of t

Baggage Rules

CMA Poornima Madhava 17 March 2015 at 10:41

Baggage RulesWhat is meant by Baggage? It is the luggage of the passenger travelling by air or sea from one country to another It also means all dutiable goods imported by a passenger or a member of crew in his/her baggage Baggage INCLUDES unaccompan

Post Budget 2015 Memorandum - Key concerns on Union Budget 2015

Bimal Jain 17 March 2015 at 10:36

ISSUES FOR AMENDMENTS OR CLARIFICATION BY THE CBEC UNION BUDGET 2015 Amidst huge expectations, the Honble Finance Minister Shri. Arun Jaitley presented the first full-year Union Budget of the Honble Prime Minister Shri. Narendra

GAAR Conundrum

Gagan Deep Singh 17 March 2015 at 10:36

When Budget 2015-16 was rolled out by our Honorable Finance Minister Mr. Arun Jaitley then plethora of flak faced by our Government from opposition and critics that this budget was pro-industrialists and anti-poor and in their argument they cited a

State VAT & CST on E-Commerce Transactions

Rakesh Garg 17 March 2015 at 10:36

A significant number of web sites, such as, Amazon.in, Flipkart.com, Snapdeal.com, eBay.in, etc., are engaged in E-Commerce (E-Com., in short) activities in India. The two major forms

Interest income from India - Foreign Remittance - Taxation

CA Rohit Gupta 16 March 2015 at 16:41

International Tax UpdateInterest Income from India- Foreign Remittance- TDS u/s 195 A. Taxation as per Domestic Law:A.1. Definition of Interest2(28A) "interest" means interest payable in any manner in respect of any moneys borrowed or debt