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Articles by CA Rakesh Ishi

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A Comparative Study of Ind AS 8 and AS 5

  CA Rakesh Ishi    02 January 2024 at 10:25

A Comparative Analysis of Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors and AS 5 - Net Profit or Loss for the Period, Prior Period ..



Key Differences Between Ind AS 10 and AS 4 in Post-Balance Sheet Events

  CA Rakesh Ishi    01 January 2024 at 08:42

1. Disclosure of Material Non-Adjusting Events Ind AS 10: Requires the disclosure of material non-adjusting events directly in the financial statements. AS 4: M..



Simplifying Variances Between Ind AS and AS in Inventory Valuation

  CA Rakesh Ishi    30 December 2023 at 10:33

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Decoding the Legitimacy of Business Expenses

  CA Rakesh Ishi    28 December 2023 at 11:55

In a recent case, Swing Infraspace P. Ltd. found itself in the crosshairs of the Income Tax authorities concerning the allowability of certain expenses under Section 37(1) of the Income Tax Act, 1961.



Understanding TDS Under Section 195

  CA Rakesh Ishi    27 December 2023 at 10:49

In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr. 



Judgments in Favour of Assessee: Legal Victories in Taxation - Part 1

  CA Rakesh Ishi    02 November 2023 at 13:00

Here, we present five such cases where the judgments favored the taxpayers (assessee).



How to Stay Productive and Utilize Your Time Effectively While Waiting for CA Exam Results

  CA Rakesh Ishi    03 June 2023 at 14:14

There are practical ways to stay productive and make the most of this waiting time. By following these tips, you can effectively utilize your time, enhance your skills, and manage stress.



Enhanced Tax Exemption on Leave Encashment: Non-Government Salaried Employees in FY 2023-24

  CA Rakesh Ishi    26 May 2023 at 13:27

The Finance Ministry recently announced a significant increase in the tax exemption limit for leave encashment on retirement for non-government salaried personnel. The limit has been raised from ₹3 lakh to ₹25 lakh, effective from April 1st, 2023.



Exploring Unique Fields for CA Students and Practical Ways to Enroll

  CA Rakesh Ishi    22 May 2023 at 08:41

If you're a CA student in India seeking unique career opportunities, there are several exciting fields you can explore.



Anyone Can Become a CA with These Essential Skills

  CA Rakesh Ishi    18 May 2023 at 08:48

The path to becoming a Chartered Accountant (CA) may appear challenging, but with the right set of skills, anyone can embark on this fulfilling journey. Let's explore the essential skills that pave the way for aspiring CA students, making their dreams of becoming a CA a tangible reality.