CAclubindia Articles

Works Contract Service: Problems in declaration under VCES

CA RITUL PATWA 23 September 2013 at 12:53

Before we discuss the problems faced by an Assesee engaged in the Works Contract Service and intends to make a declaration under VCES, 2013, we must understand the Taxability of Works contract Service prior to 01-07-2013. LEGAL POSITION PRIOR TO 01-

Class action suit-in New Companies Act "and it's a Six"

TIRTHA RAY 23 September 2013 at 12:52

The Satyam Lesson: The U.S. investors, who held American Depository Receipts or ADR of Satyam Computer Services, filed a class action suit against the company after Ramalinga Raju, former chairperson of the company, admitted to a fraud in January 20

Cost Audit as per Companies Act, 2013

CA Abhilash 23 September 2013 at 12:22

The companies act, 2013 has come into existence on 29.08.2013 that replaces a nearly six decade-old legislation and overhauls the way corporate function and are regulated in the country. This article contains the description of some provisions rel

Impact of Customs on Indirect Taxes

Madhukar N Hiregange 20 September 2013 at 12:23

Impact of Customs on Other Indirect Taxation The Customs Act has been put in place to ensure that the import and export of goods into and from India is regulated. Certain products cannot be imported or exported, while certain others require a licens

Incorporation of a One Person Company

CS DHANAPAL 20 September 2013 at 12:22

One Person Company is a new concept introduced by the Companies Act 2013. As the name suggests, a one person company is formed with only one person as its member.

Synopsis of Companies Act, 2013

CS Ankur Srivastava 20 September 2013 at 12:22

Companies Act, 2013 An Act to consolidate and amend the law relating to Companies The Companies Bill 2012 was passed in Rajya Sabha on 8 August 2013 (during the monsoon session of the parliament). Earlier, the bil

Types of Audits prescribed under the Companies Act, 2013

CS DHANAPAL 20 September 2013 at 12:21

The new legislation is focused on transparency and disclosure and gives audit its due recognition. In the new Act, attempt has been made to cover each aspect of corporate functioning under audit by prescribing various types of audits like internal a

Preparation Strategy for Audit for CA Final

Anurag 20 September 2013 at 12:21

Advising someone on how to go about preparing for auditing is a tricky affair as I had adopted a very risky strategy.Luckily the gambit worked for me .But the same may not work for you. Actually it all depends on the question paper. Audit would alwa

Materials purchased from unregistered dealers for works contract

RENGARAJ R.K 20 September 2013 at 12:20

Materials purchased from unregistered dealers for works contract is liable to tax u/s 4(4) of the APVAT Act, 2005. Introduction: The Andhra Pradesh Sales Tax & VAT Appellate Tribunal, Hyderabad held recently that materials purchased from unregis

The Companies Act, 2013 - Provisions for Directors

Disha Saini 20 September 2013 at 12:19

The Companies Act, 2013 has come into existence on 29.08.2013 that replaces a nearly six decade-old legislation and overhauls the way corporate function and are regulated in the country. This article contains the description of some provisions relat