CAclubindia Articles

Grossing up of Dividend for distribution tax - increase in effective Dividend Distribution tax rate of 3.47%

rajat aggarwal 02 August 2014 at 12:58

The Finance (No.2) Bill, 2014 proposes to levy pidend distribution tax by grossing up the pidend payable for the purpose of computing liability towards pidend distribution tax. As per the existing provision of Section 115-O pidend distribution tax at

Salman Khan gets a kick

Guest 01 August 2014 at 12:23

In a recent decision pronounced by Honble ITAT (Mum) on 30-07-2014 in case of Salman Khan vs. ACIT wherein the assessee had claimed various legal expenses incurred for defending himself in various criminal proceedings pending in the court. The

PSF, PFY and Tow- Ache din aa gaye hai

Pradeep Jain 01 August 2014 at 12:15

There was litigation on the point of taxability of ‘Tow’ which is an intermediate product in the manufacturing of Polyester Staple Fiber (PSF) and Polyester Filament Yarn (PFY) manufactured from plastic waste or scrap or plastic waste in

Procedures for Conversion of Private Company into OPC

Ankur Garg 01 August 2014 at 12:15

Dear Professional Colleagues, Procedures for Conversion of Private Company into One Person Company (OPC) are regulated by Rule 7 of Companies (Incorporation) Rules, 2014. Before going through the procedure it is necessary to understand about the conc

Procedure for change in Object clause of the Company

Ankur Garg 01 August 2014 at 12:14

Dear Professional Colleague, This Article contains the procedure for change in Object clause of the Company under Companies Act, 2013 with detailed documentation required. I hope this document would be of some help w.r.t. your professional working: P

Recent Changes in Tax Audit Report

manoj sethia 01 August 2014 at 12:14

Vide notification no. 33/2014 dated 25.07.2014, CBDT has made amendments in Form 3CD and the same have been made effective for Tax Audit for assessment year 2014-15. Broadly, the changes have been made making Tax Audit Report (TAR) more comprehensive

Registers can be maintained in electronic form under CA 2013

Ankit Sharma 01 August 2014 at 12:13

Registers can be maintained in electronic form under Companies Act 2013. Every Company is required to maintain statutory records in the form of registers, minutes etc. throughout its life.1.Definition of Record is not given under Compan

Procedure for Incorporation of a Company under CA, 2013

Ankur Garg 31 July 2014 at 10:43

Dear Professional Colleague, Again an attempt has been made from my side to share my experience regarding Incorporation of a Company under Companies Act, 2013 in the form of an Article. This Article contains the procedure for Incorporation of a Compa

Welcome Initiative: MCA Advertisement in national dailies

ANKUR 31 July 2014 at 10:43

A Welcome measure: MCA advertisement for awareness of general public who invest in Deposit Scheme of Companies.Recently, MCA came out with an advertisement in national dailies apprising the investors of the new regulations which the Companies should

Fund raising of capital under Companies Act, 2013

CA Gaurav Mittal 30 July 2014 at 10:59

Under Companies Act, 2013 A company can raise funds via 3 means:- 1) Deposits.2) Loans.3) Capital. Under Companies Act 2013, A Private Limited Company can raise funds via Capital in 3 Ways :- 1) Private Placement/ Preferential Allotment.2) Right Issu