Articles by Dilip K Raina

Zero Coupon Zero Principal Instrument vis-a-vis NPOs

Dilip K Raina 23 September 2022 at 08:40

Securities and Exchange Board of India (SEBI) has come out with a circular on the 19th of September 2022 allowing eligible Not for Profit Organizations (NPOs) to raise funds via the newly created Social Stock Exchange for the achievement of their objectives. This Social Stock Exchange will be a part of the existing stock exchange.

Charitable institutions in the era of the social stock exchange

Dilip K Raina 21 September 2022 at 13:56

Securities and Exchange Board of India (SEBI) vide it’s Circular dated September 19th, 2022, had come out with Framework on Social Stock Exchange (SSE). Let us have a basic understanding of SSE and how these exchanges will help the social sector in near future.

Practicing as a Chartered Accountant under the Faceless Income Tax Era

Dilip K Raina 12 October 2020 at 10:03

In this article, we understand why e-faceless assessment is different from the earlier face to face assessment and why we need to fill gaps existing in our offices, if any, to face future challenges.

The Foreign Contribution (Regulation) Amendment Act, 2020 - A Section Wise Analysis

Dilip K Raina 05 October 2020 at 10:46

The Foreign Contribution (Regulation) Amendment Act, 2020 - A Section Wise Analysis

Non-Applicability of GST on Membership Subscription and Admission fee

Dilip K Raina 15 July 2020 at 10:07

The amount collected as membership subscription and admission fee from members is not liable to GST as a supply of services

Are practicing Chartered Accountants ready for Virtual Audit?

Dilip K Raina 15 May 2020 at 10:27

It seems that the current year's audit will be a virtual one and from our own offices presently scattered at different locations as most of us are working from home.

Supreme Court on Registration under section 12AA of Income Tax Act 1961

Dilip K Raina 16 March 2020 at 10:42

Supreme Court on Registration under section 12AA of Income Tax Act 1961

Income Tax Appellate Tribunal's Powers to Rectify its order U/S 254 (2) of the Act

Dilip K Raina 27 February 2020 at 10:42

Income Tax Appellate Tribunal's Powers to Rectify its order U/S 254 (2) of the Act

Effects of notice issued under section 153A of the Income Tax Act 1961

Dilip K Raina 17 February 2020 at 10:05

Effects of notice issued under section 153A of the Income Tax Act 1961

Section 68 of the Income Tax Act 1961- Judicial Interpretation

Dilip K Raina 10 February 2020 at 10:19

As per the judicial interpretation of Section 68 of the Income tax Act 1961- Unexplained cash credits, the responsibility of the assessee is to prove the identity of the creditor, genuineness of the transactions and credit-worthiness of the creditor. Here is the detailed judicial interpretation.