CAclubindia Articles

Sole Member/Nominee of a One Person Company (OPC)

Navin K Mishra 18 October 2013 at 12:30

OPC shall have one Member (Sole Member) and a Nominee (a person who shall; in the event of death or incapacity of original sole Member to contract; become the Member of OPC).

Provisions of Companies Act 2013 (Along with Draft) Relating to Audit & Auditors

CS DHANAPAL 17 October 2013 at 11:43

Companies Act, 2013 has been published in the official gazette for public information and will become applicable once the Ministry of Coprorate Affairs (MCA) notifies it. Accordingly, MCA has notified 98 sections of the Act on 12th September 2013 fo

Capital Gain Tax Simplified

CA Pallav Singhania 16 October 2013 at 13:06

Chargeability u/s 45 Profits or gains arising from the transfer of a capital asset is chargeable to tax in the year in which transfer take place under the head "Capital Gains". Definitions Transfer: Sec. 2(47): Transfer in relation to

The 7 Laws of Clearing CA Exams - 2

Nitin Soni 16 October 2013 at 13:06

First thing first. I am overwhelmed with the kind of response my previous article The 7 Laws of Clearing CA Exam got. Almost 10,000 view and more than 100 comments. Wow! Thank you friends for appreciating my effort. When I wrote the

Preparing for Government Audit

Anurag 16 October 2013 at 13:06

EXPENDITURE AUDIT (M99,M07)(N01,N03,N06)(N11) Audit against Rules &Orders(M08) Is expenditure = in conformity with statutory provisions and financial rules and regulations? Functio

Few thoughts on Income Tax Scrutiny Provisions

Mahesh Kapasi 16 October 2013 at 13:05

Few thoughts on Income Tax Scrutiny Provisions is it Income scrutiny or Expenditure one! Once upon a time there was an Expenditure Tax it was so unpopular that government had no option but to withdraw it. Now indirectly it is in vogu

Service Tax on Restaurants and Hotels: A Legislative Competence

Bhaskaran Chackrapani Warrier 16 October 2013 at 13:05

SERVICE TAX ON RESTAURANTS AND HOTELS – LEGISLATIVE COMPETENCE The Finance Act,2011 has inserted sub clause (zzzzv) and (zzzzw) to section 65(105) of the Finance Act,1994 thereby imposed service tax on restaurant services and short term

Audit Report for CA IPCC

Anurag 16 October 2013 at 13:05

AUDIT REPORT Draft an illustrative Audit Report u/s 227 of the Companies Act, 1956, with a few qualifications. Annexure u/s 227(4A) is not required. In this situation, we depict a case where the auditor was unable to obtain su

The Companies Act, 2013- Provisions relating to Minutes of Meetings: Part-I

G S Rao 16 October 2013 at 13:05

Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 in a phased manner and will come into full force when the Central Government notifies the operation of all sections and finalizes the Rules which are now on displ

Services in relation to Adhaar Card: ST

Vishal 15 October 2013 at 11:39

Unique identification project (Aadhaar Card) was initially conceived by the Planning Commission as an initiative that would provide identification for each resident across the country and would be used primarily as the basis for efficient delivery