CAclubindia Articles

Case Study: Approval of Resolution Plan

Posted by FCS Deepak Pratap Singh 27 June 2024 270 Views

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.

PAN Card E-filing: Quick Registration Guide

Posted by Shivani 26 June 2024 4852 Views

Income Tax E-Filing Registration is the process where taxpayers sign up on the government's Income Tax E-Filing website.

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

Posted by CA Shruti Singhal 26 June 2024 3550 Views

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!

Key Highlights of 53rd GST Council Meeting

Posted by Affluence Advisory 26 June 2024 1995 Views

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.

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

Posted by CMA Navneet Kr Jain 26 June 2024 3468 Views

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

Do you know the UPI Transaction Limit for FY 24-25

Posted by Mitali 25 June 2024 2052 Views

UPI transaction limit is ranging from Rs. 25,000 to Rs. 1 lakh. Payments related to educational institutions and healthcare, limits has been increased. Know here the full UPI Transaction Limit for FY 23-24

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

Posted by Mitali 25 June 2024 1458 Views

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

Posted by HNA and Co. LLP 25 June 2024 1650 Views

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

Navigating Revenue Recognition: A Comprehensive Guide to IND AS 115

Posted by CA Sanat Pyne 25 June 2024 573 Views

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.