CAclubindia Articles

Reason for introduction of TDS

Posted by nawin kumar kintali 26 June 2015 26471 Views

There is always a time gap between deriving of income and payment of tax there upon .The objective of introduction of the provision tax deduction at source is to reduce that time gap and also ensure the regular flow of funds to governmentDemerit by T

Key Changes in New ITRs and Eligibility - AY 2015-16 (FY 2014-15)

Posted by Gaurav Jain 26 June 2015 34969 Views

The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.In view of various representations received it was ann

Nidhi Company - Companies act, 2013

Posted by CS Divesh Goyal 25 June 2015 15958 Views

Section � 406 read with rules of Companies (Nidhi Companies) Rules, 2014 SECTION 406 OF COMPANIES ACT 2013 AND NIDHI RULE 2014 GOVERNED THE LAW AND PROCEDURE FOR NIDHI COMPANY. Nidhi� means a company which has been incorporated as a Nidhi

Three different mechanisms for an IPO

Posted by Tapan 25 June 2015 8384 Views

The decision to list a company is often taken considering the market trends. When the primary markets are strong, there is a natural temptation to take a company public. This is because, in a strong market, the company gets much more than its fair va

Procedure of re-assessment u/s 147

Posted by CA Pawan Maloo 25 June 2015 45171 Views

Assessment is a procedure adopted to determine the correctness of the income disclosed by the assessee and tax payable thereon. Than what is reassessment and why there is need of reassessment? Section 147 and 148 of

Types of directors

Posted by Kalpesh Veer 25 June 2015 18657 Views

1. Definition:- As per Section 2(34) of Companies Act 2013 Director means a director appointed to the Board of a Company.2. Responsibility:- The board of directors of a company is primarily responsible for: determining the compan

All about ITR - 2A Form

Posted by CA ANKIT GUPTA 25 June 2015 23353 Views

1. Who can use this Return Form? This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the a

Clause wise dicussion of form 3cd- Part 2

Posted by CA Mayank Khatri 25 June 2015 202528 Views

Clause - 16 Amounts not credited to the profit and loss account, being,- the items falling within the scope of section 28; the proforma credits, drawbacks, refund of duty of customs or excise or service tax, or refund of sales tax or value added

Verification of ITR with Aadhar card introduced

Posted by CA SONIYA AGARWAL 24 June 2015 19761 Views

Till now upon E - filing of Income Tax return, we use to send the acknowledgement copy to CPC Bangalore within 120 days by speed or registered post, many a times the acknowledgement copy of ITR does not reach the CPC Bangalore & people used to ge

Advantages & disadvantages of OPC

Posted by CS Divesh Goyal 24 June 2015 15039 Views

�In order to succeed, we must first believe that we can."Till 31St March, 2014, if you wanted to set up a private company, you needed at least one other person because the law mandated a minimum of two shareholders. So, for the person wan