Popular Articles

Taxability of Capital Receipts under Income Tax Act, 1961

CA Mehul Thakker 25 June 2020 at 10:01

Whether the Capital Receipts which are not of recurring nature and more particularly of exceptional nature would fall within the meaning of Income?

"A Chartered Accountant" v/s "The Chartered Accountant"

CA Arindam Shukla 27 November 2015 at 11:55

Are we studying out of fear?Exams, Tests, Practical! We often repeat these words when asked, what are we studying for? As exams approach, it sets in the sense of fear in the atmosphere. Sporadically, question arises in my mind, "Are we only stu

How to reply to notices of reversal of ITC when supplier has defaulted in payment of Output Tax Liability

Ishan 28 May 2022 at 08:57

One of the burning issues which is often litigated in the GST since its inception and implementation in the year 2017 is the reversal of Input Tax Credit by the recipient due to non-payment of output tax liability by the supplier.

How to prepare for CA Final Audit Paper

CA Sandeep Kumar 08 February 2018 at 16:46

Hi Friend, Paper No 3 of CA Final is Advanced Auditing & Professional Ethics and objective of this paper to gain expert knowledge of current auditing practi

Am I so dumb - I can't clear IPCC not a single group?

Amrit Singh 06 August 2015 at 15:36

Problem Asked by one of the CaClubindian!Again I failed in IPCC and this is the 4th time continuously happened. I am very much irritated from me. I mean Am I so dumb I can�t clear IPCC not a single group. �final mai kya krungi??� Fa

IPOs (Initial Public Offerings)

CA Anand Sarda 18 December 2009 at 19:15

IPOs (Initial Public Offerings) What is an IPO? An IPO is when a company which is presently not listed at any stock exchange makes either a fresh issue of shares or makes an offer for sale of its existing shares or both for the first time to the

Service Tax on Joint Development Agreements

Ravi Kumar Somani 22 October 2014 at 10:47

In case of a Real estate and construction industry, where due to various political and economical reasons we have seen that there is a sharp downturn being noted in the sale of residential and commercial con

Opportunities in GST for Chartered Accountants

Mahadev 13 September 2016 at 11:09

We could only hope that a qualitative GST law is introduced considering the purpose of introduction of GST rather than being time bound and introduce GST in hurry.

Gist of various recommendations made at 23rd GST Council meeting

Bimal Jain 11 November 2017 at 18:29

Effective from November 15, 2017, as many as around 233 items from chocolates, detergents to granite and marble will become cheaper - 177 items moving from 28% ..

Imp Service tax changes in Budget applicable from 1st Oct

Bimal Jain 27 August 2014 at 13:40

Dear Professional Colleague, We are sharing with you certain amendments made vide recent Notifications dated August 25, 2014 issued by the Central Board of Excise & Customs (the CBEC): 1. Fixation of date of applicability of Clauses