CAclubindia Articles


Reverse Charge Mechanism v/s Forward Charge Mechanism

  Ishita Ramani    01 February 2024 at 08:32

Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two different methods of levying tax on goods and services. RCM is a system in which the recipient of goods or services is liable to pay tax to the government instead of the supplier.



The Role of Internal Audit in SMEs

  Sundaran.D    01 February 2024 at 08:32

Small and Medium-sized Enterprises (SMEs) play a pivotal role in driving economic development and job creation globally. As these businesses navigate the competitive landscape, ensuring robust internal controls and effective risk management becomes paramount.



Pension Scheme - Future of Retired Employees

  CA Suresh Kumar Agarwal    31 January 2024 at 14:10

Pension Scheme – Future of retired Employees The old pension scheme, introduced in the 1950s, was exclusive for government workers. It guarantees a pens



Treatment of Shares Premium received by closely held company on issue of shares

  CA.Sangam Aggarwalpro badge    31 January 2024 at 08:51

Before understanding the tax treatment of premium received by closely held company on issue of shares under section 56(2)(viib) of Income Tax Act, 1967 lets discuss the problem before introduction of this section with the help of example.



How to respond to Income tax notices of non-filing of ITR of previous years?

  Sparsh Wadhwa    31 January 2024 at 08:51

In this article, we can discover the reasons for receiving those notices, the capability results, and the steps people can take to deal with the scenario.



All you need to know about Section 194F of the Income Tax Act

  Ishita Ramani    30 January 2024 at 14:22

This article aims to provide a comprehensive understanding of Section 194F and its implications for taxpayers.



Sec 43B(h) of Income Tax Act

  CA Shruti Singhal    30 January 2024 at 09:02

One of the major problems being faced by the MSMEs entities is not-getting their dues from their buyers on a timely basis.



Guntupalli Marble's Fight for Financial Respiration in the Grip of GST Attachment

  CA Divyajeet Singh Sabharwal    30 January 2024 at 09:02

A event of uncertainty and financial paralysis engulfed Guntupalli Marble and Granites (GMG) in November 2023 when the GST department froze their bank accounts...



Automated Notices under GST: DRC-01B and DRC-01C

  Shashank Tellakula Anand    30 January 2024 at 09:02

In the era where Artificial Intelligence is gaining prominence, the GST department has also become pro-active and has started to adopt automated notices. The last one and half years has seen a sudden rise in litigation.



Personal Budget before National Budget

  CA Umesh Sharma    29 January 2024 at 13:29

How is the concept of budget relevant to the individual in personal finance?




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