Articles by Dilip K Raina

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

Posted by Dilip K Raina 26 January 2020 21997 Views

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 Insolvency and Bankruptcy Code, 2016 to charitable Institution in India

Posted by Dilip K Raina 09 October 2019 7999 Views

The legal framework prior to the Insolvency and Bankruptcy Code, 2016 (IBC) was not effective to help timely recovery of defaulted and bad assets resulting not only delayed justice but also caused the undue strain on the Indian credit system.

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

Posted by Dilip K Raina 05 February 2017 3556 Views

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.

The Transition from Manual Accounting to Present Day ERP

Posted by Dilip K Raina 14 June 2016 20041 Views

The Transition from Manual Accounting to Present Day ERP Introduction: Before two years when I was asked to understand what ERP actually mean, at that time it ...

Applicability of CSR to Charitable Companies

Posted by Dilip K Raina 27 January 2016 13418 Views

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

Posted by Dilip K Raina 18 August 2015 4609 Views

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)

Posted by Dilip K Raina 21 July 2015 11490 Views

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

Posted by Dilip K Raina 22 September 2014 9645 Views

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

Posted by Dilip K Raina 04 August 2014 12721 Views

"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?

Posted by Dilip K Raina 09 April 2014 12398 Views

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