Professional Resource Articles


ESOP: Understanding Types & its Tax Impact

  Affluence Advisory Pvt. Ltd    01 March 2024 at 10:45

"Employee Stock Ownership Plan" commonly known as ESOP is an employee benefit plan that grants employees an ownership stake in the company. Employers choose which employees will benefit from ESOPs, how many shares to distribute, and how much to charge.

Posted in Professional Resource |   123 Views


Applicability of provisions to collect taxes at source ('TCS') on foreign payments

  Affluence Advisory Pvt. Ltd    22 February 2024 at 14:37

Vide notification dated 16 May 2023, the government deleted the above-mentioned exception. It included the payments by use of an International Credit Card for making payment by a person towards meeting expenses while such a person is on a visit outside India within the ambit of LRS.

Posted in Professional Resource |   717 Views


Web Form CSR 2 - CSR & Its Compliance under Companies Act, 2013

  Affluence Advisory Pvt. Ltd    09 February 2024 at 08:50

The Ministry of Corporate Affairs (MCA) through its notification on 11th February 2022 issued a circular regarding the due date for filing Form CSR-2 for the financial year 2022-23. This notification introduced an amendment to Rule 12(1B) of the Companies (Accounts) Rules, 2014.

Posted in Professional Resource |   732 Views


Foreign investment in Alternative Investment Funds (AIFs)

  Affluence Advisory Pvt. Ltd    25 January 2024 at 17:04

The Government of India through gazette notification dated March 07, 2023 and September 04, 2023, amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, inter-alia, to revise the thresholds for determining the beneficial ownership.

Posted in Professional Resource |   525 Views


Revision in the Framework for Fundraising by Issuance of Debt Securities by Large Corporates

  Affluence Advisory Pvt. Ltd    24 January 2024 at 14:18

As per SEBI Regulation SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November 2018 Large Corporates means all those listed Entities

Posted in Professional Resource |   225 Views


Centralized Information Management System (CIMS) Return for NBFCs

  Affluence Advisory Pvt. Ltd    16 January 2024 at 08:12

RBI issued a circular no. CO.DOS.RPD.No.7534/33-06-001/2023-24 dated January 01, 2024 requiring all Non-Banking Financial Companies (NBFCs) to file the applicable returns on new Centralized Information Management System (CIMS) platform.

Posted in Professional Resource |   1049 Views


Future of Chartered Accountant

  CA MOHAN LAL KUMAWAT    09 January 2024 at 08:40

Here are some potential trends that could shape the future of the chartered accountant profession:

Posted in Professional Resource |   4055 Views


Importance of balancing risk and opportunity in the context of AI and Accounting

  Asha Kanta Sharma    02 January 2024 at 09:18

In 2024 and onwards, AI will become a significant player in various industries, including accountancy. Accountants must manage the potential impact of AI, especially in client data security and the reliability of AI tools.

Posted in Professional Resource |   1303 Views


12 Risks and Dangers of Artificial Intelligence (AI)

  Asha Kanta Sharma    01 January 2024 at 08:21

AI's potential dangers are increasing as it becomes more sophisticated and widespread. Geoffrey Hinton, the "Godfather of AI," and tech leaders like Elon Musk have urged a pause on large AI experiments

Posted in Professional Resource |   2016 Views


ICAI FAQs on PMLA Reporting for CA Members

  Shree    07 December 2023 at 14:38

The Institute of Chartered Accountants of India (ICAI) has issued several FAQs regarding PMLA (Prevention of Money Laundering Act) reporting for its members.

Posted in Professional Resource |   3474 Views