CAclubindia Articles

FDI and its Possible Consequences on Defence

NILA REJESH P 27 June 2014 at 13:06

Nowadays, India government has taken initiatives to raise FDI in defence sector to 100%. Only 26 % of FDI is allowed in defence so far. The Draft Cabinet Note prepared by Department of Industrial Policy and

Complicacies in VAT on Works Contract

PAWAN KUMAR KEDIA 27 June 2014 at 12:54

VAT on Works Contract in Rajasthan and Complicacies in tax computation. IntroductionWorks contract is a contract for carrying out some work for a lump sum consideration. The transfer of property in the goods involved in the execution of the works c

TDS - is not tedious

Vandana Saluja 26 June 2014 at 11:36

1. Background of deduction of tax at source 1.1 What is Tax Deducted at source i.e TDS? TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a person at the time of making/crediting certain specific

Immediate Compliance: Filing of return of deposits in DP

praveen 26 June 2014 at 11:36

Most of the private limited companies in India being closely held companies do not worry a lot about the compliances related to the companies act, but this could become really serious since the new companies act has lot of penal sections.This also me

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