Articles by Dilip K Raina

Zero Coupon Zero Principal Instrument vis-a-vis NPOs

Posted by Dilip K Raina 23 September 2022 4067 Views

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

Posted by Dilip K Raina 21 September 2022 2750 Views

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

Posted by Dilip K Raina 12 October 2020 14979 Views

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

Posted by Dilip K Raina 05 October 2020 6014 Views

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

Non-Applicability of GST on Membership Subscription and Admission fee

Posted by Dilip K Raina 15 July 2020 19623 Views

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?

Posted by Dilip K Raina 15 May 2020 6028 Views

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

Posted by Dilip K Raina 16 March 2020 34143 Views

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

Posted by Dilip K Raina 27 February 2020 7427 Views

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

Posted by Dilip K Raina 17 February 2020 15079 Views

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

Section 68 of the Income Tax Act 1961- Judicial Interpretation

Posted by Dilip K Raina 10 February 2020 26362 Views

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.