Popular Articles

Passing of Board resolution by circulation under Section 289

Ankur Garg 03 April 2009 at 14:19

Passing of Board resolution by circulation under Section 289 of the Companies Act, 1956. In the absence of any provision in the Act or the Company’s articles of association, requiring that the exercise of a particular power of the directors sh

deduction u/s 80-IA of income tax act, 1961

CA Anshu Agarwal 28 January 2010 at 14:07

3.1 Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. [Section 80-IA]3.1.1 Applicability: where GTI includes any profits and gains derived from eligible business.

How I passed IPCC(both groups) in 60 days

Member (Account Deleted) 12 February 2011 at 11:24

My name is Pai. Abhijit Pai. This is my first article and hopefully not the last one on ca clubindia. I have passed both groups of my November 2010 IPCE in my first attempt. I studied for a period of 60 days in a systematic way and managed to cover

Issues relating to TDS on Hotel Accommodation Expenditure

Sagar Tilak 15 June 2012 at 11:42

The Tax Deduction at Source (TDS) on payment for hotel accommodation has always been a controversial issue. The assessee comes across a situation where he pays for the hotel accommodation taken for the guests of the entity in usual course of busines

Depreciation Rates as per Income Tax Act for FY 2023-24

Mitali 25 April 2023 at 11:57

Under the Income Tax Act, depreciation is allowed as a deductible expense for assets used in business or profession, subject to certain conditions and limitations. The amount of depreciation that can be claimed depends on the asset's useful life, which is determined by the Income Tax Rules.

Section 40A(2)(b) of Income Tax Act, 1961

Sahil Dhingra 06 May 2021 at 19:11

Section 40A(2) of the Income Tax Act lays down provisions for the disallowance of certain payments to relatives. Let us discuss persons covered u/s 40A(2)(b).

Baggage Rules

CMA Poornima Madhava 17 March 2015 at 10:41

Baggage RulesWhat is meant by Baggage? It is the luggage of the passenger travelling by air or sea from one country to another It also means all dutiable goods imported by a passenger or a member of crew in his/her baggage Baggage INCLUDES unaccompan

Buyback of shares under Companies Act, 2013

Richa Phale 06 August 2019 at 11:29

Buyback is a mechanism that enables the company to approach the existing shareholders to repurchase/buyback the shares they hold.

UDIN| 8 Quick things every CA should know about UDIN

CA Kaival Shah 06 February 2019 at 11:09

ICAI, in its endeavor to make sure that all the businessmen and clients who obtain any certificate from Chartered Accountants are in no manner forged, has introduced a Unique concept of - UDIN.

Efiling return of Excise & service tax

Ram Avtar Singh 14 June 2010 at 11:53

What is ACES - ACES stands for Automation of Central Excise and Service Tax. It is a centralized, web based software application which automates various processes of Central Excise and Service Tax for assessees and department, and gives complete end