CAclubindia Articles

Depreciation - Changes between Schedule XIV and Schedule II

Priya Agarwal 14 July 2014 at 11:51

Companies Act 2013 Impact on DepreciationWith the advent of Companies Act, 2013, the method of Depreciation has also changed where Schedule II has replaced Schedule XIV.The difference between WDV and SLM have been removed with the advent of

Colors of ambiguity still on Heena

Pradeep Jain 14 July 2014 at 11:51

There was dispute was going on between the trade and the Central excise department on the exemption on Heena Paste. This exemption was given in last year budget but there was ambiguity in drafting on such notification. We have written an article on t

Auditors under the Companies Act, 2013

Shashikant Sharma 14 July 2014 at 11:48

The Companies Act, 2013 (the Act) has changed the role of auditors in companies, seeking greater transparency and corporate responsibility. Past serious financial frauds and scandals especially Satyam Scandal has exposed glaring gaps in

Directors Special: Section 189 of the Companies Act, 2013

Yogina 14 July 2014 at 11:48

There are around twenty one statutory registers to be kept by companies pursuant to the Companies Act, 2013. All the registers, records, minutes, books and paper, documents etc. (herein after collectively mentioned as the records) to be

Life is a fun Ride, its not a race - its Lifunride

CA Rajesh Pabari 14 July 2014 at 11:48

Why this Article?This article is written for simple reason that we have forgotten to learn from simple events in life, though they are simple events but the lessons that may be learnt from them can be so profound that it can prove to be life changing

Union Budget 2014 - Indirect Taxation

Madhukar N Hiregange 12 July 2014 at 12:32

In recent times, the law abiding assesses have to contend with large number of target based queries/notices, audits and summons generally high amount of tax terrorism. Infructuos demands [90-95% bound to fail as p

Synopsis of Proposed amendments in Direct Tax in Budget 2014

CA Rahul Jain 12 July 2014 at 12:31

Tax Benefits/ Exemptions to Individual/ HUF • Basic Exemption Limit for FY 2014-15 is increased to Rs. 250000/- for individuals (whether male or female) below 60 years of age. For persons of 60 years or above, the basic exemption limit is raised

Budget 2014 - Impact Analysis for Indirect Taxes

Guest 12 July 2014 at 12:25

Showing Direction towards Beginning of Good Days The people of India have decisively voted for promise of Good Days Ahead from NDA & its Government has used its First Budget prepared within just 45 days of coming to power for laying down a

Union Budget 2014- Indirect Taxation- The Ugly Side

Madhukar N Hiregange 12 July 2014 at 11:15

Union Budget 2014- Indirect Taxation- The Ugly Side- Tax terrorism to Continue unabated. In recent times, the law abiding assesses have to contend with large number of target based queries/notices, audits and summons generally high amount of tax terr

Post Budget 2014 - Central Excise

Madhukar N Hiregange 12 July 2014 at 11:11

There could be various situations which we have examined separately as follows: A. Goods Earlier exempted now exemption withdrawn./ Not liable or nil rated in Central Excise tariff - Goods removed prior to 10.7.2012 not liable: This would be even if