CAclubindia Articles

Detailed Analysis of CSR under Co. Act, 2013

CS DHANAPAL 26 June 2014 at 11:35

CORPORATE SOCIAL RESPONSIBILITY INTRODUCTION Corporate Social Responsibility (CSR) has been in existence for a long time and is almost as old as civilization. It is based on the Gandhian Principle of trusteeship concept

Independent Auditor & Trustworthy Audit

Satvir Singh 25 June 2014 at 12:37

Independence is the bedrock of audit profession. Only an independent auditor can expected to be skeptical, objective & unbiased. To strengthen the independence of auditors, new Companies Act, 2013 contains provisions related to Auditor Rotation. Only

Be Alert! Companies watch out provisions of loans & deposits or else have repay it!

CA Umesh Sharma 25 June 2014 at 12:37

Arjuna (Fictional Character): Krishna, many companies are worried, as they will have to submit new return about deposits and loans before 30th June 2014, as stated

The Union Budget 2014 - ICAI Propositions

CA Neha Bhuwania 24 June 2014 at 11:36

With the flowing air of the Union Budget which is going to be announced soon, the expectations of a common man makes him look upon to Mr. Arun Jaitley, Union Finance Minister for some relief. Needless to say, Institute of Chartered Accountants of Ind

Acceptance of Deposits Under Companies Act, 2013

CS DHANAPAL 23 June 2014 at 12:05

PROVISIONS RELATING TO ACCEPTANCE OF PUBLIC DEPOSITS BY COMPANIES UNDER COMPANIES ACT, 2013 MEANING OF DEPOSIT UNDER COMPANIES ACT, 2013 As per Section 2(31), Deposit includes any receipt of money by way of deposit or lo

Denial to grant Input tax credit on Flimsy Grounds

Jaswinder Singh Bedi 23 June 2014 at 12:05

Denial to grant Input tax credit on Flimsy Grounds by the VAT Authorities without following the settled law laid down by Honble Supreme Court of India and by the High Courts Every Registered Dealer is the agent of Department of Excise & Ta

GST and the expectation in the Union Budget

RENGARAJ R.K 23 June 2014 at 12:04

Dear Sir,As required, i am submitting an article titled "GST and the expectation in the Union Budget". This is the need of the hour of the industry as a whole. You have published many of articles. Thanks.r.k rengaraj, advocate GST and

Tax Evasion in India - Ways, Effect and Control

NILA REJESH P 23 June 2014 at 12:04

One of the major obstacle before India Government is Tax evasion. Tax evasion is the way people evade tax by illegal and unfair means. They may claim lesser profit, gains or turnover than actual. Even if

Tax & Corporate law implication on Capital reduction

vikash kumar singh 23 June 2014 at 12:04

IntroductionABC (Company) consider to reduce the equity share capital of the promoters of the company pursuant to which, the company will distribute land to the promoters by entering into a scheme of capital reduction sanctioned by High Court in acco

Meetings & Minutes - Key Changes under the Co.Act, 2013

CS DHANAPAL 20 June 2014 at 13:08

Key Changes Under The Companies Act, 2013 BOARD MEETINGS 1. Time limit prescribed for holding first board meeting. First Board meeting to be held within 30 days of incorporation. [Section 173(1)] 2. Minimum number of meetings to be held in a year: &b