CAclubindia Articles

Key Amendments in SEBI Regulations

Arpit Shah 28 June 2013 at 12:28

Key Amendments made at SEBI Board Meeting held on 25th June 2013 A. SEBI (Buy Back of Securities) Regulations, 1998 1. The Companies will have to buy-back mandatorily 50% of the amount targeted and reserved for the buy-back (Existing Pr

Income Tax Effectiveness in India

Suresh S Anandham 28 June 2013 at 12:27

Understanding effectiveness of Income Tax in India India is growing currently at the rate of approximately 5% per annum (as against over 6% in the previous year) as per the revised estimate by the Central government. Although Reserve Bank of India&r

Pointwise checklist on preparation of online format 3CD

CA Hardik Mehta 28 June 2013 at 12:27

Form 3CB/3CD Checklist Note: Ch stands for Characters Form 3CB 1. Select I if the firm of auditor is proprietorship and We for partnership from drop down option. Select the year under audit fro

SAP COFI For Beginners

SUMIT 28 June 2013 at 12:27

COFI: SAP Coffee & Management Accountants: An ERP Spurt.-Indian Perspective ERP and the role of Professionals in global scenario has been changed. In nowadays SAP (R3)-HANA is using by lots of prestigious company not in India but i

Tax Deduction on Purchase of Immoveable Property

Prateek Manocha 28 June 2013 at 12:27

This provision is applicable on transfer of immoveable property of Rs. 50 lacs or more. It requires TDS to be deducted at 1% of the price being paid by the purchaser of an immoveable property, irrespective of quantum of capital gains. If the seller d

Review of Director Identification Number (DIN)

Bhaskaran Chackrapani Warrier 27 June 2013 at 12:01

A REVIEW OF DIN [DIRECTOR IDENTIFICATION NUMBER] CONSEQUENT TO MCA NOTIFICATION DATED MARCH 15,2013. The Companies (Amendment) Act, 2006 has introduced the concept of Director Identification Number by inserting sections 266A to 266G in the Compan

Cenvat credit cannot be denied on inputs used in a process not considered as manufacture

Bimal Jain 27 June 2013 at 12:01

We are sharing with you an important judgement of the Honble Customs, Excise and Service Tax Appellate Tribunal of Bangalore (the CESTAT) i

Learnings from Marwari Business Family

Siddharth Maheshwari 27 June 2013 at 12:01

Learnings from a Marwari business family - For Startups and Family Business Entrepreneurs After graduating from B-School and having learnt all the Porters Model and trick of trades for running business, I was all excited to j

Reverse Charge with Relevant POPS Rules

nitin 27 June 2013 at 12:01

1. INTRODUCTION OF REVERSE CHARGE MECHANISM Reverse charge mechanism is not a new concept in service tax. Under the reverse charge mechanism, instead of service provider, the service receiver is liable to pay service tax. But with effect from 1.7

MSME Benefit for Manufacturing & Service Unit

CA Vinay parmar 27 June 2013 at 12:01

Hello Freinds, today i would like to share with you the various benefits which are available to Manufacturing Unit & Service Unit from the State government & Central Government. But unfortunately most of us are not aware of this subsidiaries