CAclubindia Articles

Gratuity - Taxation Issues

Sensys Technologies 22 September 2014 at 11:32

Income tax assumes gratuity as capital receipts and exempts gratuity receipts up to Rs 10,00,000. This means that you need not to pay tax, subject to some conditions, for gratuity receipts up to Rs 10 Lakhs. Gratuity beyond this limit is paid by emp

A Year with Specified Domestic Transaction (Transfer pricing)

RAGHAV GUPTA 19 September 2014 at 10:56

The Income Tax Act 1961(The Act) as amended by Finance Act 2012 brought specified domestic related party transactions (SDT) within its fold with effect from FY 2012-13 vide section 93BA of the Act and admittedly as with any new legislat

Who says that there are no jobs for company secretaries

Rohit Jain 19 September 2014 at 10:56

There are not much options when it comes to commerce and finance. Most students pursue either CA/CS/ICWA for achieving the aforesaid objectives. The glitzy part of these belongs undoubtedly to chartered accountants because they have diversified job

CSR - Income Tax Decoding

Gaurav Jain 19 September 2014 at 10:56

Note on CSR Expenditure The Companies Act, 2013 mandates that certain companies which have net worth of Rs. 500 crore or more turnover of Rs. 1,000 Crore or more or a net profit of Rs. 5 crore or more during any financial year are required to spend

Incorporation Process of Non-Profit making Co. Section 8

Ankur Garg 19 September 2014 at 10:55

The concept of non-profit making company is quite old in India. In erstwhile Companies Act, 1956 it was regulated by Section 25 and that is why it was popular as Section 25 Company. However in Companies Act 2013 provisions related to non-profit makin

Notice to Shareholders u/s 101 read with 136 of CA 2013

Ankur Garg 19 September 2014 at 10:55

Dear Professional Colleague, In this write up we shall discuss about the requirement of sending certain statutory documents to shareholders like Notice of General Meeting under section 101 of Companies Act 2013 and financial statements, including con

Automated Prepaid Expenses JV in Excel

Ramkrishna Mokashi 18 September 2014 at 12:24

Hello All,Attached is a file which contains the automated prepaid calculation. No Hassles of working out how much is accrued, how much is pending, etc. Just Update the table in the first sheet. And rest will happen automatically. Of course, you are f

Analysis of Disclosure of Interest by Directors under CA, 2013

Ankur Garg 18 September 2014 at 12:24

Dear Professional Colleagues, During the process of unlocking provisions of Companies Act, 2013, I have realized that Section 184 regarding disclosure of concern or interest by the Director has invoked considerable controversy for various reasons. In

Pre-deposit of penalty for appeals before CCE (App)/ CESTAT

Manoj BG 18 September 2014 at 12:24

Finance Act 2014 announces mandatory 7.5% / 10% pre-deposit of penalty for all appeal to Commissioner (Appeals)/CESTAT respectively, creating confusion in minds of assessee's as to whether assessee need to deposit 17.5% for filing appeal at CESTA

IPCC Exam Oriented tips and Tricks for ITSM Subject

Ankur Garg 18 September 2014 at 12:23

Dear CA Students, At IPCC level the subject of ITSM is considered as a difficult subject by most of the students. During my interaction in various sections of Caclubindia many students have asked me about the tips and tricks to prepare for ITSM subje