CAclubindia Articles

Direct Foreign Direct Investment (FDI) in India

Posted by Neeraj Sharma 12 August 2015 14530 Views

After hearing enough rambling on FDI�s and its urgent need to stop Indian rupee fall, one is very curious to know about FDI and trying to understand what qualifies as FDI and what routes are available for them to invest in our country.Foreign D

SC stays service tax on advocates

Posted by Anandaday Misshra, Advocate 11 August 2015 22149 Views

Supreme Court Supreme Court bench comprising Chief Justice H.L. Dattu, Justice A.K. Mishra and Justice Amitava Roy has stayed the Bombay High Court�s order ,dated 15.12.2014 , of dismissing the petition challenging levy of service tax on lawyer

MVAT - TDS on Work Contract (WCT TDS)

Posted by NAVIN AGICHA 11 August 2015 30992 Views

Meaning of work Contract: A works contract is an agreement which is a mixture of service or labour and transfer of goods. Under a works contract the contractor agrees to do certain job in execution whereof, certain goods are transferred to the contra

CARO 2015 Reporting and Format

Posted by NAVIN AGICHA 11 August 2015 33790 Views

Reporting Under CARO, 2015The Ministry of Corporate Affairs, on 10th April, 2015, notified the Companies (Auditor�s Report) Order, 2015 (CARO, 2015).APPLICABILITY:-It shall apply to every company including a foreign company as defined in clause

Procedure for verification of answer books for CA Exam

Posted by Guest 10 August 2015 33164 Views

Procedure for Verification of Answer Books of Chartered Accountants Students Examinations and Post Qualification Courses Examinations.A- STUDENTS EXAMINATIONSAn examinee of CA examinations can apply for verification of his/her answer books/OMR Answer

Annual return on FLA

Posted by CA Vivek chaudhary 11 August 2015 52648 Views

Annual Return on FLA Introduction:FLA stands for foreign liabilities and assets. The filing of annual return on foreign liabilities and assets has been notified under Foreign Exchange and Management Act, 1999. It is mandatory for all Indian resident

All about Special Resolutions

Posted by CA. Kapil Goel, DISA(ICAI) 10 August 2015 15195 Views

As per section 114(2) : A resolution shall be a special resolution when�(a) the intention to propose the resolution as a special resolution has been duly specified in the notice sent for meeting;(b) the notice required under this Act has been d

Revaluation of Assets

Posted by Tapan 10 August 2015 13948 Views

Revaluation of fixed assets is the process of increasing or decreasing their carrying value in case of major changes in fair market value of the fixed asset. A fixed asset is initially recorded at cost but subsequently its carrying amount is increase

Leave travel concession / assistance - Taxation issues

Posted by ESHA AGRAWAL 10 August 2015 16775 Views

We go on travel with our families ,if we can get tax benefits, why waste it. Hence the article on Leave Travel allowance or LTA. Have you claimed LTA? Leave Travel Allowance (LTA) is basically defined as the cost of travel granted to e

GST and its salient features

Posted by CA Sayam Rastogi 10 August 2015 18625 Views

GST will be levied on buyers of goods and services, or where the service is consumed. This means big consumer states such as Uttar Pradesh, West Bengal and Kerala will get a high share of the taxes.The following are the salient features of the propos