CAclubindia Articles

A Close Watch on Service Tax Defaulters

Pradeep Jain 14 July 2014 at 15:07

The Government has enhanced the rate of interest to be charged on delayed payment of Service tax under Section 75 of Finance Act, 1994. This increase in the rate is based on period of delay rather a single increased rate for any period of delay. Thus

CMAs' Role in Tax Audit

CMA Arif Farooqui 14 July 2014 at 11:55

Finance Act, 1984 introduced Section 44AB under Income-tax Act, 1961 w.e.f Assessment Year 1985-86. Under this section, if the total sales / turnover or gross receipts for previous year exceed the prescribed limits then assessee is required to get hi

Let's see, some silent proposals of the Income Tax

CA Umesh Sharma 14 July 2014 at 11:55

Karniti Part-45:Lets see, some silent proposals of the Income Tax from the Financial Budget Arjuna (Fictional Character): Krishna, on 10th July Finance Minister Mr. Arun Jaitely has presented Financial Budget. Thereafter lots of discussions on the bu

Preparing for an Industrial Trainee Interview

Therednose 14 July 2014 at 11:54

As an interviewer I meet a lot of candidates who are interested in pursuing Industrial Training. However several candidates dont prepare well for the interview, resulting in losing great opportunities to join good organisations and getting exp

Union Budget 2014 -15 : Analysis of Major Direct Tax Proposals

CA Chitresh Gupta 14 July 2014 at 11:54

Rates of Income TaxBasic exemption limit has been increased from Rs 2 lacs to Rs 2.50 lacs for resident individuals or HUF. Income slabs Income Tax Rate Incom

Section 185 of Companies Act, 2013 - Loan to Directors

Sagar Gupta 14 July 2014 at 11:54

Section 185 & its reference with Section 186 of Companies Act, 2013 Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 corresponds to section 295 of the Companies Act, 1956 which deals in loan to directors. This

One Person Company (OPC) - An Analysis

Rahul Kumar 14 July 2014 at 11:54

The introduction of OPC in the legal system is a move that would encourage corporatization of micro businesses and entrepreneurship with a simpler legal regime so that the small entrepreneur is not compelled to devote considerable time, energy and resources on complex legal compliances.