CAclubindia Articles


Understanding The Competence-Competence Principle

  FCS Deepak Pratap Singh    28 June 2024 at 08:33

As you are aware, arbitration is one of the most popular alternate dispute resolution methods. It is a less time-consuming, private, economic, and effective dispute resolution process. Individual, partnership, and corporate entities favored this process. There is no internationally approved definition of arbitration.



ICAI Conference Sparks Outcry Over Gender Restrictions

  Priya Mulukutla    27 June 2024 at 11:11

A recently uploaded video has caused quite an uproar in the CA fraternity. The viral video has been making the rounds in X (formerly known as Twitter). The video is from the recently held International Conference for CA Students in Kolkata by the Institute of Chartered Accountants, where Swami Gyanvatsal from BAPS Swaminarayan Mandir was one of the chief guests.



A Guide to Tax Benefits of a Hindu Undivided Family (HUF)

  Ishita Ramani    27 June 2024 at 08:31

In this article, we will discuss the meaning of a Hindu Undivided Family, the tax benefits of a Hindu Undivided Family, and the drawbacks of a Hindu Undivided Family.



Case Study: Approval of Resolution Plan

  FCS Deepak Pratap Singh    27 June 2024 at 08:31

National Company Law Tribunal (NCLT) has initiated CIRP on application of one of Operational Creditors of DOP Ltd. A Resolution Professional was appointed after all processes as per the Law.



Key Highlights of 53rd GST Council Meeting

  Affluence Advisory    26 June 2024 at 14:09

The recommendations of the GST Council Meeting was aimed at providing relaxation, bringing changes in the GST Tax rates, trade facilitation measures and for aiding to streamline compliances.



6 Welcome Amendments Recommended in Return Filing Process by 53rd GST Council Meeting

  CA Shruti Singhal    26 June 2024 at 08:37

The council has recommended some measures to increase reporting, reduce the burden of interest, and give taxpayers the option to rectify the GSTR-1 to narrow the gap between GSTR-1 and GSTR-3B in genuine cases. Let us now read these changes in detail!



Cost Audit and Cost Records Applicability 2024-25 & Non Compliance attracting Show Cause Notices

  CMA Navneet Kr Jain    26 June 2024 at 08:29

Simple way of checking the applicability of Section 148 with regard to applicability of maintenance of Cost records or cost audit for 2024-25 is to review the financials of 2023-24 &Check the Total turnover of the Company



My income is below the basic exemption limit. Should I file a Nil Return?

  Mitali    25 June 2024 at 11:58

NIL Return means when an individual filed Income Tax Return which is below the threshold limit. While it not so mandatory if you have no taxable income for the year.  But it can be beneficial for record-keeping and other administrative purposes.



Key Takeaways from 53rd GST Council Meeting

  HNA and Co. LLP    25 June 2024 at 10:34

Insights into the 53rd GST Council Meeting: What You Need to Know!



Navigating Revenue Recognition: A Comprehensive Guide to IND AS 115

  CA Sanat Pyne    25 June 2024 at 08:40

The core principle of IND AS 115 is that revenue should be recognized to reflect the transfer of promised goods or services to customers in an amount that represents the consideration to which the entity expects to be entitled.




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