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Audit Committee under Section 177 of Companies Act,2013

  CS M.Kurtrala Nathan    19 August 2014 at 11:17

Section 177 of the Companies Act,2013 and Rule 6 and 7 of Companies (Meetings of Board and its Powers) Rules,2014 deals with the Audit Committee. Applicability of Audit Committee: The Board of directors of every listed companies and the following cla



India is My Country and To Pay Others Taxes is also My Duty

  CA Umesh Sharma    18 August 2014 at 18:38

Karniti Part 50India is My Country and To Pay Others Taxes is also My DutyArjuna (Fictional Character): Krishna, In India on 15th August 68th Independence Day and on 17th August Shri Krishna Jannamashtmi was celebrated. Bhagwadgita has narrated the



Special Reserve created under section 36(1)(viii)

  Member (Account Deleted)    18 August 2014 at 11:20

Special Reserve created under section 36(1)(viii) of the Income Tax Act, 1961 and Deferred Tax Liability on it.As per section 36(1)(viii) of Income Tax Act 1961 in respect of any special reserve created and maintained by a specified entity, an amount



Residential status and foreign income tax treatment

  TKKKKKK    18 August 2014 at 11:20

Hi friends,If you are individual and have foreign income. You must become aware of tax treatment of foreign income.In this article, I have explained how to determine residential status for individual and tax applicable as per residential status.Know



Incorporation of a Company limited by shares

  CS Divesh Goyal    18 August 2014 at 11:20

Moving from the Companies Act 1956 to the Companies Act 2013 is like shifting from your old house to a new one. In the old house, where you have stayed for years, everything would have found its own place the shoes, the clothes, umbrella, fir



Why Chartered accountants can be the best entrepreneurs

  Rohit Jain    18 August 2014 at 11:20

Few people on the face of this earth have the mojo to change it forever. Since the dawn of industrial revolution, entrepreneurs have given maximum benefits to the society. No risk, no gain has been and will always be the mantra of success in life.Be



Tax audit under income tax and cost audit: Correlation & new amendments

  CMA Navneet Kr Jain    16 August 2014 at 11:57

Ensure the review of Cost Audit Reports (CAR) for the year 2013-14 before filing of Tax Audit ReportsCMA Navneet Kumar Jain Any organization has to undergo many audits like



Shifting of registered office from one ROC to another ROC within the same state

  Ankur Garg    16 August 2014 at 11:56

Procedure for Shifting of Registered Office from the Jurisdiction of One ROC to another ROC within the same State Dear All, In my previous 2 articles of this series titled Procedure for change in Registered Office we had discussed abou



Money Laundering in India

  Ayyswariya RG    16 August 2014 at 11:56

Hi all, Let us start from definition of Money laundering defined under Prevention of Money Laundering act, 2002 & with some insights about its impact on economy. Definition of Money Laundering:- Money laundering involves disguising financial asse



CLSS, 2014 - One time pending annual filing opportunity for Corporates

  CS DHANAPAL    16 August 2014 at 11:56

COMPANY LAW SETTLEMENT SCHEME One time opportunity for companies to seek relaxation on filing fees for pending annual filing forms The Ministry of Corporate Affairs has announced the Company Law Settlement Scheme, 2014 (CLSS, 2014) vide its General C




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