CAclubindia Articles

Issue of Shares at less than FMV- Section 56(2)(vii)

MOHIT JAIN 21 March 2014 at 12:14

Analysis of Mumbai Tribunal Judgement in Sudhir Menon HUF (ITA No. 4887/Mum/2013)- AY 2010-11- Section 56(2)(vii) Facts:- Assessee was shareholder in a company and was allotted right shares (1,94,000) at face value of Rs. 100 each on 28.01.2010 The

Co. Act 2013 - Impact on Listed Companies

CS DHANAPAL 21 March 2014 at 12:14

COMPANIES ACT 2013IMPACT ON LISTED COMPANIES Companies Act, 2013 in its fervor to enhance disclosures, reporting and transparency has introduced a number of new compliance norms for listed companies. The Act not only imbibes the spirit of listing agr

All about Joint Ventures

CA. Kapil Goel, DISA(ICAI) 20 March 2014 at 11:53

A Joint venture is an arrangement in which 2 or more individuals /companies / partnership firms /corporations/legal entities come together to undertake an economic or research activity by entering into an ag

Payment of Term Deposit with mandate revised guidelines

RAM KUMAR GUPTA 20 March 2014 at 11:51

PAYMENT TO EITHER OR SURVIVOR IN DEPOSITS OF BANK-REVISED GUIDELINES OF RESERVE BANK OF INDIAMy purpose to write this article is to make, the people at large, aware of the changes made by Reserve Bank of India which have material impact on their deci

Professional Opportunities in Private Equity Funding Process

Rajkumar Adukia 20 March 2014 at 11:51

What is Private Equity Private equity is medium to long-term finance provided in return for an equity stake in potentially high growth unquoted companies. The investors' returns are dependent on the growth and profitability of the business. Companies

Reverse charge and joint charge on service tax

parth jatania 20 March 2014 at 11:51

Joint charge and Reverse charge mechanism Central government in the notification no. 30/2012-ST the cases of reverse charge mechanism . This transaction are introduced wef. 1-JUL-2012 Se

Guest Auditor leveraging your organisation Talent

satya narayana 19 March 2014 at 11:24

GUEST AUDITORS LEVERAGING ORGANIZATIONS TALENT1GUEST AUDITOR INTRODUCTION The concept of Guest Auditor is prevailing in some of the companies. The advantage

Corporate Social Responsibility (CSR)

P ESWARAMOORTHY 18 March 2014 at 15:19

DEFINITION The world Business Council for Sustainable Development has proposed a definition of CSR as : Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to the economic development while impr

Karniti Part-28: Colors of Income Tax and Taxpayers Holi

CA Umesh Sharma 18 March 2014 at 11:26

Colors of Income Tax and Taxpayers HoliArjuna (Fictional Character): Krishna on this day of March by making bonfire chilled winters comes to an end. Further in this month being an last month for the financial year 2013-14, taxpayers will have to blen

A brief note on Goods Transport Agency (GTA) Service

CS Aditya Singhania 18 March 2014 at 11:25

An Insight into History of Goods Transport Agency Service Tax was first introduced on Goods Transport Operator (GTO) services with effect from 16-11-1997. However, due to several oppositions from