Articles by CA. Chikkerur C R
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Compliance Investment & SFT
Investing is crucial for financial security, but to truly achieve a relaxed future, understanding compliance, specifically in the context of Statement of Financial Transactions (SFT), is important. This is possible when people also give importance to tax compliance-payment and timely reporting.
Section 148A Notice: Dangerous as Ak-47 Riffle in the hands of AO - Beware
Section 148A of the Income Tax Act, 1961, pertains to the issuance of notices for assessment or reassessment in certain cases. It is as dangerous as the AK-47 rifle in the hands of the Department if we wrongly respond to this notice. Be Careful!
Empowering Financial Wellness: The Vital Role of a Family CA
In the distant past, I introduced the revolutionary concept of a "Family CA," drawing parallels to the trusted Family Doctor. Expanding upon this visionary idea, I am driven to delve deeper into its significance.
Calling for a Wealth-Friendly Budget 2023: The Importance of Attracting Rich Individuals for Economic Growth
My expectations for the 2023 budget are unique. Instead of requesting an increase in tax deductions for the middle class (such as through raising Section 80C, 80D, and 24(b)), I believe the government should focus on attracting wealthy individuals to live and invest in India.
PUFE Transactions - Life saver for Corporate Debtor and for RP
In the world of insolvency & bankruptcy in India, PUFE transactions are important and life saver for corporate debtor as for RP. PUFE means Preferential, Undervalued Fraudulent, Extortionate transaction. These are the transactions which directly or indirectly made CD to undergo CIRP or liquidation.
IFRS 13 - FVM - A supportive IFRS & Dictionary Friendly IFRS
This standard became mandatory on 1st Jan 2013. It took 8 years since 2005 to evolve itself as a mandatory standard in 2013. Ind AS 113 is the Indian version of IFRS 13.
IFRS 9 Financial Instruments| An Analysis
IFRS 9 is crucial and important especially in Covid time. This IFRS application is very testing for Companies in Covid time.
Balance Sheet Healing - New Accounting Yoga Practice to Heal
This article is trying to address the above fear with tool of ' Balance Sheet Healing '. It is trying to link Healing process by way of Compliance, books of records & ITR to face uncertainty of life.
IFRS 1 - Presentation of Financial Statements
IFRS expects every FS must be presented in the same manner so that investors spend less time in taking decision.
Corona Relief Fund should be treated as tax credit
I propose a suggestion to have a Corona Relief Fund and appeal for donation even Rs 1000. I also propose a new kind of tax credit for the next 6 years on this donation.
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