CAclubindia Articles

Tax Evasion in India - Ways, Effect and Control

NILA REJESH P 23 June 2014 at 12:04

One of the major obstacle before India Government is Tax evasion. Tax evasion is the way people evade tax by illegal and unfair means. They may claim lesser profit, gains or turnover than actual. Even if

Tax & Corporate law implication on Capital reduction

vikash kumar singh 23 June 2014 at 12:04

IntroductionABC (Company) consider to reduce the equity share capital of the promoters of the company pursuant to which, the company will distribute land to the promoters by entering into a scheme of capital reduction sanctioned by High Court in acco

Meetings & Minutes - Key Changes under the Co.Act, 2013

CS DHANAPAL 20 June 2014 at 13:08

Key Changes Under The Companies Act, 2013 BOARD MEETINGS 1. Time limit prescribed for holding first board meeting. First Board meeting to be held within 30 days of incorporation. [Section 173(1)] 2. Minimum number of meetings to be held in a year: &b

Tax (Service Tax) Implication of Freelance Work in India - Part 2

JAINENDRA JAIN 20 June 2014 at 13:08

Before Continuing to the next part, I would like to thanks to readers for the positive response to my first article. Link to my first article: http://www.caclubindia.com/articles/tax-implication-of-freelance-work-in-india-part-1-20778.asp#.U6MUVvmSxH

First Report of the Tax Administration Reform Commission (TARC)

Bimal Jain 20 June 2014 at 13:07

The Government had constituted Tax Administration Reform Commission (the TARC) headed by Dr. Parthasarathi Shome, in August 2013, to suggests core reforms to the tax adminis

Kaun Banega 'Service Receiver'?

Member (Account Deleted) 20 June 2014 at 13:07

The title of the article has taken its genesis from the newly introduced Place of Provision of Service Rules, 2012 (for brevity POP Rules). As every person readin

Sec 71 of Income Tax Act - A common man's dilemma

sksen 20 June 2014 at 13:07

From Assessment year 2005-06, Sec .71 of the Income-tax Act, 1961 (the Act) lay down that a loss computed under the head Profits and Gains of Business or Profession shall not be allowed to be set off against the income assessable under

Serious Fraud Investigation Office - Salient Features

CS DHANAPAL 20 June 2014 at 13:06

Functions and Powers Companies Act 2013 provides for establishment of a Serious Fraud Investigation Office (SFIO) to investigate into the affairs of the Company on an order by the Central Government and where any case has been assigned to the SFIO, n

Refund to Cement Dealers vis-a-vis impact of after sales discount on Revenue Collection

PAWAN KUMAR KEDIA 19 June 2014 at 12:28

ITC Refund to Cement Dealers vis-a-vis impact of after sales discount on Revenue Collection.Introduction: Generally Cement Companies announces after sales discounts called ex post facto discount by way of credit notes to cement dealers. As a result

E-voting procedure for shareholders

CS M.Kurtrala Nathan 19 June 2014 at 12:27

Normally, the company may provide e-voting facility through NSDL or CDSL as an alternative, for all the shareholders of the company to enable them to casttheir votes electronically on the resolutions mentioned in the notice of the general meeting.