CAclubindia Articles

Services performed in India for SR located abroad- Exports

Bimal Jain 03 April 2014 at 11:57

Dear Professional Colleauges,Services performed in India for a service recipient located abroad are export of servicesWe are sharing with you an important judgment of the Honble CESTAT, New Delhi in the case of Gap International Sourcing (Indi

Companies Act - 2013: Internal Audit

CA. Amit G. Chandani 03 April 2014 at 11:56

With the implementation of Companies Act, 2013 the Ministry of Corporate Affairs has notified the provisions related to Internal Audit of Companies w.e.f 01st April, 2014. I nternal Audit: The Companies Act, 2013 has given statutory rec

Compliance - Income tax Return Filing. Why? And how to reply

CA Chirag Chauhan 01 April 2014 at 11:35

The Mission of Our Income Tax Department is To promote Compliance with our direct tax laws, through caring taxpayer service and strict enforcement, and thus realize maximum resources

Meetings under Companies Act, 2013

Raju Balodi 01 April 2014 at 11:05

GENERAL MEETING: AGM (Sec 96 & 97) Applicability: Every Company other than One Person Company. Key Provisions: Every Company to which this section applies shall hold its 1st AGM within 9 months from the closure

Karniti Part-30: Wish all taxpayers a Wealthy New Financial Year

CA Umesh Sharma 01 April 2014 at 11:05

On the Occasion of Gudi Padwa i.e, 31-3-2014Lets See behind and Move Ahead in the Financial YearArjuna (Fictional Character): Krishna, Today is Gudi Padwa which means beginning of New Year. Further today is the last day of financial year 2013-

All about Company's Directors

CA. Kapil Goel, DISA(ICAI) 01 April 2014 at 11:05

The term "Director" refers to a rank in management of the company. A director is a person who leads or supervises a certain area of private or public limited company. Companies that use this title often ha

Sale of software - Royalty vs Business inc

CA Ankit Gulgulia (Jain) 31 March 2014 at 11:53

Recently, it has been held by Honble Delhi ITAT in case of Halliburton Export Inc. v. Assistant Director of Income-tax (International Taxation), Circle-1(2) [2014] 43 taxmann.com 223 (Delhi - Trib.) that where there is a case of Sale of Softwa

Thin Capitalization in India

CA Nischal Agarwal 31 March 2014 at 11:52

1. INTRODUCITON A company is said to be thinly capitalized when a greater proportion of its ‘capital-structure’ is made up of ‘debt’ than of ‘equity’. The interest payments generated on ‘debt capital’ i

TDS treatment for overseas transactions including M&A

ESHA AGRAWAL 29 March 2014 at 12:35

An instruction by foreign tax division of central board of direct taxes (CBDT) will put an end to litigation relating to TDS by indian taxpayer in overseas transaction including mergers and acquistions. When any payment is made to foreign company or

Lessons learnt during my CA Life

Anurag Pandey 29 March 2014 at 12:35

Hi Everyone. I am back!! Firstly, a warm hug and bada wala thank you to all those who read and liked my first article The Day and the Way I cleared my CA. Frankly, I was not expecting so many people to read my first article. It&