Articles by CA Rakesh Ishi

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Simplifying Variances Between Ind AS and AS in Inventory Valuation

Posted by CA Rakesh Ishi 30 December 2023 1081 Views

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Decoding the Legitimacy of Business Expenses

Posted by CA Rakesh Ishi 28 December 2023 749 Views

In a recent case, Swing Infraspace P. Ltd. found itself in the crosshairs of the Income Tax authorities concerning the allowability of certain expenses under Section 37(1) of the Income Tax Act, 1961.

Understanding TDS Under Section 195

Posted by CA Rakesh Ishi 27 December 2023 8570 Views

In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr.

Judgments in Favour of Assessee: Legal Victories in Taxation - Part 1

Posted by CA Rakesh Ishi 02 November 2023 5953 Views

Here, we present five such cases where the judgments favored the taxpayers (assessee).

Enhanced Tax Exemption on Leave Encashment: Non-Government Salaried Employees in FY 2023-24

Posted by CA Rakesh Ishi 06 July 2023 9345 Views

The Finance Ministry recently announced a significant increase in the tax exemption limit for leave encashment on retirement for non-government salaried personnel. The limit has been raised from ₹3 lakh to ₹25 lakh, effective from April 1st, 2023.

How to Stay Productive and Utilize Your Time Effectively While Waiting for CA Exam Results

Posted by CA Rakesh Ishi 03 June 2023 2574 Views

There are practical ways to stay productive and make the most of this waiting time. By following these tips, you can effectively utilize your time, enhance your skills, and manage stress.

Exploring Unique Fields for CA Students and Practical Ways to Enroll

Posted by CA Rakesh Ishi 22 May 2023 13028 Views

If you're a CA student in India seeking unique career opportunities, there are several exciting fields you can explore.

Anyone Can Become a CA with These Essential Skills

Posted by CA Rakesh Ishi 18 May 2023 5124 Views

The path to becoming a Chartered Accountant (CA) may appear challenging, but with the right set of skills, anyone can embark on this fulfilling journey. Let's explore the essential skills that pave the way for aspiring CA students, making their dreams of becoming a CA a tangible reality.

Breaking Myths: CA Course Open to All Streams and Affordable

Posted by CA Rakesh Ishi 12 May 2023 44085 Views

Chartered Accountancy is often considered one of the toughest courses in India, with many students shying away from it due to various misconceptions. However, the Committee on Career Counselling of the Institute of Chartered Accountants of India (ICAI) is working to break these myths and encourage more students to pursue CA as a career.