CAclubindia Articles

Corporate Identity Number (CIN)

Posted by Praveen Goyal 01 December 2015 42450 Views

The Corporate Identity Number also known as company registration number i.e the unique identification number of company, issued by Registrar of Companies. By looking at the CIN number itself, anyone can identify many details of the company i.e its ty

Credit Balance of Ed Cess & SHE Cess-Never Ending Story!

Posted by Pradeep Jain 01 December 2015 11258 Views

Introduction:- The announcement of the exemption to the levy of Education Cess and SHE Cess levied on Excise duty with effect from 01.03.2015 and that levied on service tax with effect from 01.06.2015 created new hopes in the minds of the assessees a

Biggest Distraction while preparing for a CA exam: Your cell phone

Posted by CA Aditya Shah 01 December 2015 12494 Views

Heading into an exam, we always intend to give our best. But many of us don�t know how the machine operates.Especially for those like me who can�t manage social networking & then those who never thought of managing it.Heading into a C

How to report Incomes from India while filing the tax return in USA?

Posted by Ramalingam K 01 December 2015 5187 Views

It is often that people take the plea that the law is not known to them and any breach of law therefore is purely due to ignorance. However, the Latin term �ignorantialegisneminemexcusat� very aptly and succinctly states the truth-"i

Understanding Goods and Services Tax # 1: Historical Background for implementation of GST in India

Posted by ARPIT HALDIA 01 December 2015 10484 Views

Goods and Services Tax i.e. GST has been in the news for numerous reasons during the last decade be it the game changing concept in

Why education cess @3% Part-2

Posted by Mukesh Kuriyal 01 December 2015 52763 Views

As I have earlier written in my article that approx. 82763.58 crores has been collected through education cess only for Fin year 2014-15 (the data collected till 31st October).Refer to my earlier article- Click hereNow below I have collected the dat

Disclosure norms - Living Figures vs. Book Figures

Posted by P.R. Sethuraman 01 December 2015 5700 Views

The word �close� has dynamically two different meanings depending upon the usage either as a verb or otherwise. If one says he is close to you, it means he is nearer to you either by distance or conception. If the same is used as �v

Analysis of directors' statutory obligations - Sec 166 of CA 2013

Posted by Amitav Ganguly 30 November 2015 17440 Views

BACKGROUNDThe Companies Act 2013 {new Act 2013} for the first time has laid down the duties of directors in unequivocal terms in the section 166 in contrast to erstwhile Companies Act 1956. It is a well established judicial precedent that the Directo

FDI in defence sector

Posted by RANGA SRINIVAS 30 November 2015 4530 Views

Defence sector is opened up further by GOI by bringing the infusion of capital upto 49% under automatic route. This gives an impetus to the Private Industry and will enable them to negotiate with international firms to set up i

SEBI Listing Regulation 2015 - Common obligations of listed entities

Posted by CS Divesh Goyal 30 November 2015 11591 Views

Presently, a private agreement between Stock Exchange and listed company govern all listing obligation and disclosure requirement. This listing agreement like any other agreement among parties creates civil obligation in case of any violation of the