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Do we need an extension of due dates?

  CA Anurag Sharma    30 November 2020 at 10:02

As the dates of Income-tax Audit and GST Audit are again approaching fast, there are talks about extending the dates again from 31st December to 31st March. However, is this date extension required?



GST Compliance Alert for 93% of Registered Persons in GST: The Crucial Date of 30th November, 2020

  Mayank Mohanka    30 November 2020 at 10:02

At present, 93% of Registered Persons under GST are having their AATO of up to Rs. 5 crores, and the date of 30.11.2020 is very significant and crucial for all such registered persons.



Qualifying as a CA Should Be the Start of a Journey

  Gautam Mehra    28 November 2020 at 17:13

Being a CA is an extremely important part of my identity, one which has influenced my professional pursuits in so many ways. Training to be a professional accountant instilled so many skills in me.



Solution of CA Final FR (New) Course Paper for Nov 20 Exams

  Israr Sheikh    28 November 2020 at 16:00

In this article, CA Israr Sheikh provides solutions to the November 2020 CA Final - Financial Reporting Paper for New Course. Download the entire paper now!



Paper Analysis of CA Final (Financial Reporting - New Course) for Nov 20 Exams

  CA Sumit Sarda    28 November 2020 at 15:58

This cycle's Financial reporting paper was quite lengthy. Nonetheless, the paper was not made to be a tricky one. In fact, except for the one question, the whole paper was fairly easy.



LLP- The future of Indian Industries

  CA Anurag Sharma    28 November 2020 at 11:44

LLP is easy to operate as compared to companies and partnerships. It's a kind of a hybrid between companies and a partnership firm. These are economical while registering as well as while fulfilling ROC compliances.



Taxability of Gifts - Some Interesting Issues

  CA.R.S.KALRA    28 November 2020 at 11:18

The Gift Tax was reintroduced in a new form to fill up the vacuum created by the abolition of the Gift tax Act, 1958, and the provisions were included in the Income-Tax law w.e.f. 01.04.2005.



Concept of Deemed Speculation under Income Tax Act, 1961

  CA Mehul Thakker    28 November 2020 at 09:56

Speculative transaction means a transaction involving a contract for the purchase and sale of commodities, which is periodically or ultimately settled other than by actual delivery or transfer.



Old Course was a Cake Walk, New Course was a Steep Mountain - Nov 2020 CA Final Audit Paper Analysis

  CA Ravi Taori    27 November 2020 at 11:05

In the old course hardly 19% of questions were new, and students could answer them reasonably well. However, the new course paper had almost 33% new and they were of a medium level.



How is Input Tax Credit (ITC) utilized?

  CA Hema Pandey    26 November 2020 at 16:19

Input Tax Credit is credit available to a person registered under GST on payment of Input Tax. In this article, we will understand the manner to utilize ITC available under various heads of GST.