CAclubindia Articles

Compliances and rules for Nidhi Companies

CA BHUMIT SHAH 29 April 2020 at 10:56

Nidhi shall file a return of statutory compliances in Form NDH-1 within 90 days from the closure of the financial year with the Registrar duly certified by a Company Secretary in practice or a Chartered Accountant in practice or a Cost Accountant in practice.

How rebate u/s 87A has diluted the principle of Income Tax?

P.Jagadeeswaran 29 April 2020 at 10:56

Considering the canon of ability to pay tax, the income tax slabs have been introduced and it's been amended from time to time based on the exigency without affecting the canon behind the act. As such, I am not in line with a provision, section 87A of IT act, which gives rebate on Income Tax liability before adding up the cess on IT.

Eligibility of CSR expenditure through a registered trust on school

CS Binit Thakur 29 April 2020 at 10:55

CSR is intended for spending on welfare areas for which the government claims to lack funds and requires assistance. Yes, Corporate can claim Contribution given to a School though any trust and/or Corpus of trust for the purpose of promoting education.

20 FAQ's on EPF advance to fight COVID-19 pandemic

CS Lalit Rajput 29 April 2020 at 10:55

Employees' Provident Fund Organization, India, Ministry of Labour & Employment, Government of India has issued FREQUENTLY ASKED QUESTIONS ON EPF ADVANCE TO FIGHT COVID-19 PANDEMIC Dated 26/04/2020.

All About Franklin AMC Decision on 6 Debt Funds

CA Navin Agarwal. CFA 29 April 2020 at 10:55

Franklin Templeton India recently announced the closure of six of its debt mutual funds. The decision caught everyone off guard. The investors were in a state of panic. But do we really need to worry about our Mutual Funds after the fiasco?

The Components of Your Monthly Payslip Explained!

Amit Kumar 29 April 2020 at 10:55

Most of us discuss the information related to remuneration during the salary negotiation round after qualifying for the job interview. After that, the matter is never brought up and employees do not bother taking their payslip in hands to analyze it. Let us understand the components of our pay slip.

GST update on importance of panchnama

Pradeep Jain 29 April 2020 at 10:54

We all know that the investigation proceedings are required to be compiled and documented very precisely as many a times, the entire proceedings get vitiated me..

Unlocking the Lockdown -Coronavirus

Seetharaman K C 29 April 2020 at 10:53

The present Coronavirus infection is a classic example where the initial response was to close everything for a period of time by declaring a lockdown and then wait patiently to flatten the infection curve.

Understanding Buy-Back of Shares

Vinala Keswani 28 April 2020 at 18:27

If the Company has excess funds they can buy back their shares from existing shareholder which will improve return on equity. This corporate restructuring step boost the confidence of the investors in the Company and prevents hostile takeover of the Company.

Shifting of registered office (Along with listing regulation)

CA CS Meenakshi Mittal 28 April 2020 at 16:03

Significance of Registered Office and shifting of Registered Office From jurisdiction of One Registrar to the jurisdiction of another Registrar within same state along with the regulation applicable to the Listed Company.