CAclubindia Articles

Online proficiency self-assessement test for independent directors

FCS Deepak Pratap Singh 21 April 2023 at 11:33

X has applied to the Indian Institute of Corporate Affairs (IICA) for inclusion of his name in the data bank of independent directors. He is working as a director of X Ltd and Y Ltd, both are unlisted public companies having the paid-up share capital of Rs. 10 crores since last 7 years.

A Comprehensive Guide to Auditing Property, Plant and Equipment (PPE) in India

CA Sanat Pyne 21 April 2023 at 08:52

Auditing Property, Plant, and Equipment (PPE) is an important task for any auditor. PPE is a significant asset for most companies and represents a substantial portion of their total assets.

Filing of announcements in XBRL format on NSE NEAPS and BSE listing centre

Affluence Advisory 21 April 2023 at 08:52

Now Stock Exchanges have vide their circular dt: March 31, 2023 have asked listed entities to submit following corporate announcements required to be filed under SEBI LODR in XBRL format with effect from April 01, 2023: ('effective date'):

Maximizing Your Take-Home Pay: Tips for Tax-Efficient Salary Restructuring in India

Rashmi 21 April 2023 at 08:52

As a salaried employee in India, you're likely to be paying a significant amount of your income in taxes. However, by restructuring your salary package in a tax-efficient way, you can keep more of your hard-earned money and pay less in taxes. Here are some tips on how to do it:

Clubbing of income under Income Tax Act

Ayush 20 April 2023 at 17:51

Clubbing of income refers to the practice of treating the income of one person as the income of another person for the purposes of taxation. This is usually done in cases where the income is earned by one person but is intended to benefit or be used by another person.

Section 194IA | TDS on Sale of Property

CA Ruby Bansal 20 April 2023 at 14:45

Section 194IA of the Income Tax Act is a provision related to the deduction of tax at source (TDS) on payments made for the purchase of immovable property.

Section 17 of CGST Act 2017: Apportionment of Credit and Blocked Credit

Harsh Kaushik 20 April 2023 at 10:02

Section 17 of the CGST ACT 2017 talks about Input Tax Credit Apportionment and Blocking of Ineligible GST Credits.

Blockchain Adoption in Accounting: Opportunities and Challenges for Professional Accountants

CA Sanat Pyne 20 April 2023 at 08:49

Blockchain technology is a decentralized, distributed ledger system that allows for the secure and transparent recording of transactions.

Benefits of Filing ITR on time for FY 2022-23

Rashmi 20 April 2023 at 08:48

Filing your income tax return on time comes with various benefits. It not only helps you to avoid penalties and interest charges but also helps to build your financial history, improve your credit score, and increase your chances of obtaining loans and credit cards.

Recent ITAT rulings on Royalty and Fees for Technical Services

CA Rakesh Ishi 19 April 2023 at 15:20

ITAT held that the usage of Microsoft license and service desk facility dealing with IT incidents will not be treated as royalty and Fees for Technical Service (FTS).