Articles by Dilip K Raina

Essence of Tax Audit vis-a-vis Revenue

Dilip K Raina 07 August 2019 at 11:11

Tax audit is an important tool for revenue department which ensures compliance of various provisions of income tax act, reduces the cost in context of diversity..

Impact of Section 271J of Income Tax Act 1961 on Chartered Accountants

Dilip K Raina 30 July 2019 at 11:15

With the start of Tax Audit season CAs need to refresh various clauses of the Form 3CD and create a check list along with step wise process to capture the infor..

Applicability of Lokpal & Lokayuktas Act, 2013 vis-a-vis a charitable company

Dilip K Raina 09 August 2016 at 11:22

After declaring certain class of officers as public servants under the Lokpal and Lokayuktas Act, 2103 a debate is going on who need to file the return.

Applicability of CSR to Charitable Companies

Dilip K Raina 27 January 2016 at 11:18

With the passage of Companies� Act 2013 a mandatory responsibility under section 135 was cast on companies to spend 2% of the net profit as calculated under section 198 of the Companies Act on the activities listed therein and being social and

CSR - Some Concerns

Dilip K Raina 18 August 2015 at 10:04

With the passage of companies� act 2013 a mandatory responsibility under section 135 was cast on companies to spend 2% of the net profit as calculated under section 198 of the companies act on the activities listed therein and being social in n

Why Foreign Contribution Act (FCRA)

Dilip K Raina 21 July 2015 at 10:33

Every religion which exist in this universe has been advocating the idea of helping those who are in dire need of help by those who can afford. It can be charity or zakat or dhan or kaar seva etc. All this is simply a way to help poor and needy peopl

Amendments to the Appeal provisions in Customs, Central Excise and ST

Dilip K Raina 22 September 2014 at 11:36

Amendments to the Appeal provisions in Customs, Central Excise and Service Tax made by Finance Act, 2014- A logical review.Definition: An appeal is a serious, urgent or heartfelt request by an aggrieved person to someone who has a superior authorit

Demand of Tax vs Pre Deposit

Dilip K Raina 04 August 2014 at 11:35

"Taxation should not be a painful process for the people. There should be leniency and caution while deciding the tax structure. Ideally, governments should collect taxes like a honeybee, which sucks just the right amount of honey from the flow

Are we Professionals?

Dilip K Raina 09 April 2014 at 11:11

Professional is one who is expert in his subject, keeps himself/herself up dated with the latest changes, a good team player/leader, have urge for learning and is innovative. In todays competitive world to sustain the growth in ones ow

Interest on Housing Loan - Doubly Beneficial

Dilip K Raina 06 December 2012 at 11:04

Purchasing a residential property these days is really a dream come true. Few years back government started giving incentive under section 24 of the income tax act by allowing interest on housing loan to be deducted from the total income of the re