CAclubindia Articles

No time limit for SAD Refund

Sandeep garg 08 July 2014 at 12:22

SONY INDIA PVT LTDVS.THE COMMISIONER OF CUSTOM, NEW DELHI(In the High Court of DELHI) SAD Refund: Limitation Period is not applicable. Statutory provisions: According to Notification No: 102/2007-Customs, a trader is allowed refund of SAD (i

Issue of securities by private companies under Companies Act

Shashikant Sharma 08 July 2014 at 12:22

ISSUE OF SHARES BY PRIVATE LIMITED COMPANIES As per section 23 of the Companies Act, 2013 (the Act) a private company may issue securities- by way of rights issue or bonus issue or through private placement In case of private company ei

CAs as Successful Entrepreneurs

Hetvi Sheth 07 July 2014 at 13:46

A chartered Accountant has always been considered as an integral part of business. He participates in almost all functional areas of a business i.e. advice on maintaining books of accounts, ascertaining costs of production at different levels of oper

A Welcome step by CCT to resolve the ITC Problem under Raj Vat

PAWAN KUMAR KEDIA 07 July 2014 at 13:44

Recently CCT Rajasthan has issued a Circular No. F.26(197)ACCT/MEA/2013 dt. 09.06.14 to resolve problems of ITC mismatch under Rajasthan VAT Act 2003. First of all I appreciate the CCT tha

Depreciation Rules under new Companies Act 2013

AASHISH SACHDEV 07 July 2014 at 13:44

The entire concept of charging depreciation to fixed assets has been evolved as per the new act. Schedule XIV of the old Act specified minimum rates of depreciation to be provided by a company. Unlike that, Schedule II to the 2013 Act requires syste

How to Prepare for Theory Subjects - Professional Exams

CA Rajesh Pabari 07 July 2014 at 13:43

Time may change, technology may change, methodology of teaching and training and many other aspects of CA curriculum may change but as far as human brain is concerned, it follows some basic fundamental principles fo

Stay of Demand Certain issues under RVAT Act 2003

PAWAN KUMAR KEDIA 07 July 2014 at 13:43

Brief: Whenever the assessing authorities creates a huge demand against any dealer, the dealer if aggrieved from the order of the assessing authorities prefer an appeal before the Dy. Commissioner Appe

Highlights of Companies (Cost Records and Audit) Rules 2014

CMA Ramesh Krishnan 05 July 2014 at 13:23

Highlights of Companies (Cost records and audit) Rules 2014Introduction: Ministry of Corporate Affairs has notified the Companies (Cost records and audit) Rules 2014 under section 148 & 469 Companies Act 2013 on 30th June 2014. These rules have l

Detailed Analysis- Gifts Taxation under IT Act

caushagarg 05 July 2014 at 13:23

Taxability of Gift under Income Tax Act, 1961As per Income Tax Act, receiver (donee) of gift is charged to taxation u/s 56(2)(vii). The donor of gift is not charged to taxation under this section. However, the below cases is analyzed from the taxatio

Taxation Of Charitable Trust

PRATIK SHAH 05 July 2014 at 13:22

Registration and Taxation of charitable & Religious Trust Preamble:According to one survey in India there is 1 N.G.O per 800 Indian Citizen. We cant find even a single village in India where there is no Religious place. We might not fin