CAclubindia Articles

Independence to small taxpayer if his profit is above 8%

Posted by CA Umesh Sharma 14 August 2015 16224 Views

Karneeti Part 110Independence in 8th Month, but for Small taxpayer if, its profit above 8%.Arjuna (Fictional Character): Krishna, Independence Day of our country is coming closer on 15th August. All citizen lives happily because of independence. Simi

How to compute HRA exemption

Posted by ESHA AGRAWAL 14 August 2015 25625 Views

What is House Rent Allowance? Employees generally receive a house rent allowance (HRA) from their employers. This is a part of the salary package, in accordance with the terms and conditions of employment. HRA is given to meet the cost of a rented h

Board of Directors

Posted by Kalpesh Veer 13 August 2015 20536 Views

DEFINITION:As per section 2(34) of Companies Act,2013 director means a director appointed to the Board of a company. ROLE OF THE BOARD OF DIRECTOR:The Board of Directors are elected representatives of the Shareholders of the Company. The Board of Dir

GST- Transitional Issues in Credits

Posted by Madhukar N Hiregange 13 August 2015 21813 Views

GST - Transition challenge on Credit, Carry forward and Claim through declaration CA Madhukar N Hiregange IntroductionTax credit in any value added taxation is the second most important aspect after the levy as it goes to reduce the basic cost. It

Direct Foreign Direct Investment (FDI) in India

Posted by Neeraj Sharma 12 August 2015 14502 Views

After hearing enough rambling on FDI�s and its urgent need to stop Indian rupee fall, one is very curious to know about FDI and trying to understand what qualifies as FDI and what routes are available for them to invest in our country.Foreign D

SC stays service tax on advocates

Posted by Anandaday Misshra, Advocate 11 August 2015 22123 Views

Supreme Court Supreme Court bench comprising Chief Justice H.L. Dattu, Justice A.K. Mishra and Justice Amitava Roy has stayed the Bombay High Court�s order ,dated 15.12.2014 , of dismissing the petition challenging levy of service tax on lawyer

MVAT - TDS on Work Contract (WCT TDS)

Posted by NAVIN AGICHA 11 August 2015 30972 Views

Meaning of work Contract: A works contract is an agreement which is a mixture of service or labour and transfer of goods. Under a works contract the contractor agrees to do certain job in execution whereof, certain goods are transferred to the contra

CARO 2015 Reporting and Format

Posted by NAVIN AGICHA 11 August 2015 33768 Views

Reporting Under CARO, 2015The Ministry of Corporate Affairs, on 10th April, 2015, notified the Companies (Auditor�s Report) Order, 2015 (CARO, 2015).APPLICABILITY:-It shall apply to every company including a foreign company as defined in clause

Annual return on FLA

Posted by CA Vivek chaudhary 11 August 2015 52629 Views

Annual Return on FLA Introduction:FLA stands for foreign liabilities and assets. The filing of annual return on foreign liabilities and assets has been notified under Foreign Exchange and Management Act, 1999. It is mandatory for all Indian resident

Procedure for verification of answer books for CA Exam

Posted by Guest 10 August 2015 33146 Views

Procedure for Verification of Answer Books of Chartered Accountants Students Examinations and Post Qualification Courses Examinations.A- STUDENTS EXAMINATIONSAn examinee of CA examinations can apply for verification of his/her answer books/OMR Answer