CAclubindia Articles

Limited Liability Partnership form of Business Organisation

Rajkumar Adukia 12 March 2014 at 11:43

Meaning of Limited Liability Partnership (LLP) A Limited Liability Partnership (LLP) is a body corporate, with a distinct legal entity separate from that of its partners. It has perpetual succession and a common seal. A LLP, which is a separate legal

Karniti part 27: Pay as you earn - Advance Tax

CA Umesh Sharma 11 March 2014 at 12:15

(March Ending Special Part 2)PAY AS YOU EARN Advance Tax Arjuna (fictional character): Krishna, before 15th March last installment of advance tax will have to be paid. What precautions taxpayers should take? Krishna (fictional character):

Overseas Direct Investment under FEMA - A Brief

CA Sachin D Jain 11 March 2014 at 12:14

This article contains a brief note on various provisions under FEMA, related to Investments to be done Outside India by Indian Entities.This is just a brief note and relvant expert advise is to be taken before acting upon.If any further information i

No Service Tax leviable on Chit Fund Business

Bimal Jain 11 March 2014 at 12:14

Dear Professional Colleague,Chit fund business constitutes transaction in money and not liable to service taxRecently, the Honble Supreme Court of India, dismissed the SLP filed by the Union of India against the judgment of the H

Surveys under the Income Tax Act - Certain Aspects

Guest 10 March 2014 at 17:00

The search and survey operations conducted by the Income tax department, commonly known as Income tax raids (raids), has always been one of the worst nightmares of businessmen, high earners and corporates. Some reasons for this fear bei

Currency Fluctuation - Determinants and Effects

CA Surbhi Singhal 10 March 2014 at 12:42

Currency fluctuation is a phenomenon that is important to understand due to various reasons. At the very outset, it may not seem necessary for individuals who have no export or import business, or for the ones who are not planning a t

Notice from Income Tax Department

CA. Brijesh Baranwal 10 March 2014 at 12:42

One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various provisions of Income Tax Act. The purpose of the same is to ensure greater tax

AS - 30,31,32 The Terror Begins

Priya Agarwal 10 March 2014 at 12:42

Hedging the Risk: AS 30, 31, 32 instrumentsI have tried to summarize the topic a lot and then reached to this Short cum Lengthy Article :D. I hope it will help.This AS came into effect in respect of accounting period commencing on or after 1-04-2009

CSR spending under Comapnies Act,2013

Yash Nagarkoti 10 March 2014 at 12:42

Corporate Social Responsibility (CSR) means that beyond making profits, a business has social obligations considering the interest of customers, employees, communities, and ecological considerations (i.e. stakeholders) for common good. Thus, CSR is n

Ten lessons to learn from the Facebook-Whatsapp deal (life)

Rohit Jain 10 March 2014 at 12:41

There are two types of people One that create hullabaloo and exaggerate their achievements and others are those who remain behind the scenes and yet conquer the world celebrities, small time actors and publicity crav