CAclubindia Articles

All about Company's Directors

CA. Kapil Goel, DISA(ICAI) 01 April 2014 at 11:05

The term "Director" refers to a rank in management of the company. A director is a person who leads or supervises a certain area of private or public limited company. Companies that use this title often ha

Sale of software - Royalty vs Business inc

CA Ankit Gulgulia (Jain) 31 March 2014 at 11:53

Recently, it has been held by Honble Delhi ITAT in case of Halliburton Export Inc. v. Assistant Director of Income-tax (International Taxation), Circle-1(2) [2014] 43 taxmann.com 223 (Delhi - Trib.) that where there is a case of Sale of Softwa

Thin Capitalization in India

CA Nischal Agarwal 31 March 2014 at 11:52

1. INTRODUCITON A company is said to be thinly capitalized when a greater proportion of its ‘capital-structure’ is made up of ‘debt’ than of ‘equity’. The interest payments generated on ‘debt capital’ i

TDS treatment for overseas transactions including M&A

ESHA AGRAWAL 29 March 2014 at 12:35

An instruction by foreign tax division of central board of direct taxes (CBDT) will put an end to litigation relating to TDS by indian taxpayer in overseas transaction including mergers and acquistions. When any payment is made to foreign company or

Lessons learnt during my CA Life

Anurag Pandey 29 March 2014 at 12:35

Hi Everyone. I am back!! Firstly, a warm hug and bada wala thank you to all those who read and liked my first article The Day and the Way I cleared my CA. Frankly, I was not expecting so many people to read my first article. It&

Study Tips for CA Students

CA Bharat Agarwal 28 March 2014 at 12:44

1. Firstly go through the syllabus to get a fair idea as to what chapters are there and the coverage under each chapter. This will help you to decide the priority of topics to be read and also the chronological order in which topics are to be read. 2

Loan to Directors and other entities under the new regime

CS DHANAPAL 28 March 2014 at 12:44

Restriction on granting of loan to its directors by a company and other entities in which directors are interested has been one of the most touching issues in the Companies Act, 2013, since 12th September 2013, when Ministry of Corporate Affairs noti

All about Income Tax Returns

CA. Kapil Goel, DISA(ICAI) 27 March 2014 at 11:27

The forms used to file income taxes with the Internal Revenue Service (IRS) are known as Income Tax Returns. Tax returns are set up in an excel worksheet format, where the income figures are used to calculate the tax liabi

Growing Importance for TDS Compliance

Rinav Ashok Khakhar 27 March 2014 at 11:27

Nowadays delay in payment of TDS and in TDS return Filing makes an assessee liable to Late Payment Interest, Late Payment Penalty, Late Filing Fees, Late Filing Penalty and Further makes him liable to prosecution under the provision of the Income Tax

Audit of Banks with the help of Finacle - Segment 2

Pranav Vijay Pandya 26 March 2014 at 12:32

Hello everyone! Since the Bank Audit season is around the corner, I thought it to be appropriate to come up with another article regarding Audit of Banks having Finacle as their CBS platform. This ar