CAclubindia Articles

Expectations from Budget 2016-17

Posted by CA Mukund Abhyankar 22 February 2016 13176 Views

What budget should aim to achieve.Modi Government which came to power with a promise of �Acche Din� is now on the scrutiny radar of everyone for fulfilment of that promise in its third year for which it has been in power.While most of t

Possible Best Practices - Branches of ICAI

Posted by Madhukar N Hiregange 22 February 2016 6312 Views

The Organisation of the ICAI is in 3 levels- The Central Council � To make Policies; The Regional Councils � To spread the policies and enable/ empower branches to take forward; and the branches to actually execute/ implement the policie

1949 to Infinity - Revolution!!

Posted by Vikash Maheshwari 22 February 2016 3040 Views

�The Chartered Accountant Act,1949�, reading this sentence itself fills the heart with pride, we had our own act even before the constitution was adopted in 1950 and India was declared as a Sovereign Socialist- Secular- Democratic-

Your basic guide to interpret income tax notice

Posted by Anand Satyapanthi 22 February 2016 8330 Views

People visualise a red light blinking when they hear the term Income Tax Notice. What they don�t know is that receiving an Income Tax Notice is not as big deal as they make out of it. One needs to understand the reason behind receiving it and t

Recommendation for deposits

Posted by CS Divesh Goyal 22 February 2016 5987 Views

Proposed recommendations of The Companies Law Committee for Deposits under Companies Act, 2013Definition of Deposit:The Committee considered the suggestion for making the definition of deposit less restrictive, but felt that adequate prescriptive pow

Start up India- Ek Shuruwaat!

Posted by Shivani Mangla 22 February 2016 4973 Views

Prime Minister Narendra Modi first announced the Start-up campaign on 15th August from the Red Fort & now on 16th January 2016

Related party transactions

Posted by Member (Account Deleted) 22 February 2016 18296 Views

Sections and provisions applicable� Section 188 of Companies Act, 2013 [Related Party Transactions]� Rule 15 of the Companies [Meetings of Board and its Powers Rules], 2014Meaning of Related Party Transaction(s)Related Party Transaction

Relief to the Exporters: Refund of service tax on expenses incurred beyond factory gate

Posted by Ashish Chaudhary 22 February 2016 3998 Views

Relief to the Exporters: Refund of service tax on expenses incurred beyond factory gate By CA Ashish Chaudhary CA Madhukar N HiregangeWorld economy over last few years has been very sluggish and more so I

Save for retirement with NPS & save taxes

Posted by Anand Satyapanthi 18 February 2016 13517 Views

What is NPS?Prior to the year of 2004, the Indian citizens received Pension on Defined benefit basis. This meant that the employees would receive certain amount from government as they retire. They didn�t have to contribute anything for it.Howe

Present system of indirect taxation in India

Posted by CA Surbhi Singhal 17 February 2016 24489 Views

Our Finance Minister Mr. Arun Jaitley has described the proposed Goods and Services Tax as the single biggest tax reform since independence, and rightly so. This statement in fact describes the need for us professionals to go deep into the introducti