CAclubindia Articles

Risk Management under the Companies Act 2013

Posted by Tulasi S Sastri 05 August 2015 63450 Views

The Companies Act 1956 did not contain any mandatory provisions relating to Risk Management, whereas the Companies Act 2013 placed specific expectations on important stakeholders in a company, namely, the Board of Directors, Audit Committee and the I

The Drag along and Tag along rights

Posted by FCS Deepak Pratap Singh 04 August 2015 18591 Views

DRAG ALONG AND TAG ALONG RIGHTS UNDER SHAREHOLDERS� AGREEMENT;-As we know in private limited and closely held public limited companies, there are restrictions on transfer of shares. When an entrepreneur starts a venture or business with new ide

Overview of Schedule II of Companies Act 2013

Posted by CA Kumar Kedia 04 August 2015 48251 Views

The Schedule II of the Companies Act, 2013 namely, Useful lives to compute Depreciationhave been brought into effect from 1st April, 2014 with a General Circular 08/2014 dated 4th April, 2014, replacing t

TDS on Industrial Canteens - Karnataka VAT

Posted by Mahadev 04 August 2015 24346 Views

VAT is a levy on sale of goods. For the purpose, it is usually the seller who would be held liable for payment of VAT. However, there are few exceptions created under the VAT provisions. As per Section 3(2) of KVAT Act 2003, in case there is a sale b

Failed in CA Exam - Don't Worry

Posted by CMA Sravan Kumar 04 August 2015 30235 Views

First of all, Congratulations to all the Students who have cleared

Wait for new income tax returns is over

Posted by CA Umesh Sharma 03 August 2015 7900 Views

Karneeti Part 109 ?Tanu weds Manu? returned, ?Bhaubali? returns is awaited, but the wait for New Income Tax ?Returns? is over. Arjuna (Fictional Character): Krishna, Income Tax department has notified all remaining ITR?s for FY 2014-15. As audience w

Interest income on tax refunds

Posted by CA SONIYA AGARWAL 03 August 2015 7239 Views

An Assessee is eligible to claim refund of the excess tax paid by him. Tax could be paid in the form of advance tax or tax deducted/collected at source or self - assessment tax or payment of tax on regular assessment. To claim refund, an assessee nee

Goods & ST (GST), Concept & Impact

Posted by samarth jain 03 August 2015 13936 Views

INTRODUCTIONGST is the biggest reform proposed in the Tax Regime of our country after Independence. It is something that each of us must understand as it is going to affect our lives in a very significant manner.PRESENT INDIRECT TAX STRUCTUREFirst we

Goods & Service Tax -Allowability of Credit

Posted by samarth jain 03 August 2015 12055 Views

INTRODUCTION�G� - GOODS�S� - SERVICES�T� - TAX Goods and Service Tax means a tax on supply of goods or services, or both, except taxes on supply of alcoholic liquor for human consumption [proposed Article 366(

What is GST?

Posted by Anandaday Misshra, Advocate 03 August 2015 14281 Views

What is Goods & Service Tax � As Per Supreme Court of CanadaWhat is GST?The Supreme Court of Canada in a case of Reference re Goods and Services Tax had explained as to what is Goods & Service Tax .The important excerpts are reproduced