CAclubindia Articles
Enhance due diligence for dematerialization of Physical share
As part of strengthening the due diligence for Dematerialization of Physical Securities, the market regulator Securities and Exchange Board of India (SEBI) on November 5 asked listed companies to compile and submit data about shareholders holding shares in physical form to depositories by December 31, 2019
Holding Annual General Meeting(AGM) through VC or OAVM
MCA clarifies on holding AGM through video conferencing or audiovisual means during the calendar in the year 2020, subject to the fulfillment of some requirements.
MSME registration - Benefits for all enterprise
he MSME registration has no statutory basis. Enterprise would normally get registered to avail some benefits, incentives or support given either by the central or state govt.
COVID 19: Impact on airline industry
The impact so far has been dramatic, with a number of airports now having zero or near-zero passengers traveling through their terminals. At the same time, airports are working hard to remain open for critical services.
Changes in NGO registration under Income Tax
It may be mentioned that certain provisions of the Act provide that an exempt entity may accept donations or certain sum for utilisation towards their objects or activities in respect of which the payer, being the donor, gets deduction in computation of his income.
Checklist and procedure for registration u/s 12A and 80G of Income Tax Act
Section 10(23C) exempts income received by any person on behalf of the university, or other educational institution or any hospital. Section 11 provides an exemption in respect of income derived from property held under trust wholly for charitable or religious purposes.The prior requirement for getting registration under section 80G is obtaining registration under Section 12A
Tax Audit- Section 44AB of the Income Tax Act
A Tax Audit is an audit, made compulsory by the Income Tax Act if the annual gross turnover/receipts of the assessee exceed the specified limit.The Finance Act 2020 has made amendment in section 44AB by inserting a proviso in clause (a) of Section 44AB. As per the new proviso, the tax audit turnover limit would be INR 5 Crores
Role of Internal Auditors in ERP development for Business Firms
As many organizations have initiated with acquainting with system based processing, the development of a well-regulated system is inevitable. System development may be through customized ERP or standardized ERP, depends on the structure of the working environment
MCACMS - AI based Compliance Monitoring System
The Ministry of Corporate Affairs nowadays heavily concerned on enhancing corporate compliance level and transparency among the companies and in this regard they have created 'Ministry of Corporate Affairs Compliance Monitoring System' (MCACMS) which will be an Artificial Intelligence based mechanism.
The Curse of INR versus USD
We have always thought that USDINR is a function of inflation & interest rates prevalent. That there is a cause and effect relationship and this can't be thought the reverse way. Why is it difficult to think that this derivative equation is a vector, i.e. moves only in one direction? Why can't we influence the interest rates & inflation in the economy by tinkering with USDINR?
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