• Apr
  • 24
  • 2014

Key Effects Of New Companies Act, 2013

Added In Company Law
A. K. Poplai, FCS I would like to discuss some of the major changes which have major impact on corporate workings and corporate should be aware and take necessary action at the earliest and make policy with respect to restructuring of Board of Directors, acceptance of deposits, allotment of shares, alteration of objects and Memorandum/Articles […]

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  • Apr
  • 24
  • 2014

Financial mistakes young investors should avoid

Added In Finance
There has been a paradigm shift in financial outlook of taxpayers of young generation these days. Youngsters start earning early these days, have higher disposable income, are more informed, yet they fail to make informed decisions about there tax planning. In our practice of 10 years, we discovered a common characteristic among the young people […]

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  • Apr
  • 24
  • 2014

Section 140: Removal, resignation of Auditor and giving of Special notice

Added In CA CS ICWA
1. Removal of Auditor appointed u/s 139 – before expiry of his term       Reasonable opportunity of being heard is to be provided to the concerned auditor Previous approval of the CG is required as per manner prescribed Special Resolution should be passed approving the above removal

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  • Apr
  • 24
  • 2014

Nil Excise Duty Still Taxable

Added In Excise Duty
Plasmac Machine Manufacturing (P) Ltd Vs. CCE [(1991) 51-ELT-161 (SC)] had expressed that for an article to be called as goods, these must be known in the market as much as these must be capable of being sold in the markets as goods. Actual sale in the market is not necessary, user in captive consumption is not determinative but the article must be capable of being sold in the market or known in the market as goods.

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  • Apr
  • 24
  • 2014

Special Economic Zones-Notifications/Exemptions Withdrawn

Added In Income Tax
Amendments by Finance Act, 2011 to withdraw exemption from MAT & Dividend Distribution Tax to SEZ developers/units are not unconstitutional. In the impugned amendment it is made clear that it is prospective in nature. Therefore the impugned amendments can neither be said unreasonable or arbitrary.

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  • Apr
  • 24
  • 2014

Types of stock market charts: A Complete Guide

Added In Finance
Technical analysts study historical stock and index price trends to predict stock movements and trends. A stock or index chart like any other graph has two-axis – X and Y – plotted for price and time. Each chart has a specific function and what chart you use, depends on the information you are seeking. There […]

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  • Apr
  • 23
  • 2014

4 ICSI Demands in respect of Rules under Companies Act, 2013

Added In CA CS ICWA
I would like to once again inform you that your Council is in constant dialogue with the concerned authorities to alleviate the concerns of the profession emanating from the Rules under the Companies Act, 2013. The following is being sought in the interest of compliance and governance:

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  • Apr
  • 23
  • 2014

Some Important Aspects of HUF Under Income Tax, 1961

Added In Income Tax
Some Important Aspects of HUF Under Income Tax, 1961 Partition of HUF under Income Tax Act, 1961 and its assessment after Partition. Residential Status of HUF Taxability of Income from house property in the name of HUF Proprietorship and Partnership by HUF Capital Gain Exemption available to HUF Deductions under Chapter VIA Taxability of gift […]

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  • Apr
  • 23
  • 2014

Consequence of Amendment made by Hindu Succession (Amendment) Act, 2005 – rights & liabilities of a daughter member

Added In Income Tax
Daughter shall be a Coparcener of Hindu Family Property. If a Hindu dies, the coparcener property shall be allotted to the daughter as is allotted to sons. If a female coparcener dies before partition, then children of such coparcener would eligible for allotment assuming a partition had taken place immediately before her demise. No recovery is made for ancestors dues from son, grandson, or great grandson by applying doctrine of pious obligation.

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