CAclubindia Articles

Notice from Customs for recovery of Drawback on Non-Realisation of Exports Proceeds

CA Sachin M Jain 15 April 2022 at 17:32

Lot many exporters have started receiving notice from Customs department for recovery of Drawback

Legal Compliance Calendar for FY 2022-23

CA Harshawardhan Nigade 15 April 2022 at 07:23

Legal Compliance Calendar for FY 2022-23 Covering Important due dates Company Law, GST Act, Income tax Act, Labour laws etc.

Whether mere endorsement of the Bank "payment stopped" is sufficient to entertain the complaint u/s 138 of NI Act?

FCS Deepak Pratap Singh 14 April 2022 at 07:45

A well appreciated and welcome decision from the Apex Court in which court held that the object of Chapter XVII, which is intituled as "OF PENALTIES IN CASE OF DISHONOUR OF CERTAIN CHEQUES FOR INSUFFICIENCY OF FUNDS IN THE ACCOUNTS" and contains Sections 138 to 142, is to promote the efficacy of banking operations and to ensure credibility

Whether operational creditor includes a purchaser of goods and services

FCS Deepak Pratap Singh 14 April 2022 at 07:45

In a recent judgment, the Supreme Court of India, while keeping up the efforts of plugging various loopholes in the Insolvency & Bankruptcy Code, 2016 ("Code"), decided an interesting legal issue relating to the scope of Section 5(20) of the Code, which provides the definition of "operational creditor".

Who is a GTA and whether issue of Consignment note is mandatory condition of GTA?

Samyak Jain 13 April 2022 at 17:41

The applicability of RCM on Freight has brought a great deal of confusion for some people in understanding exactly in what situations the RCM liability under Section 9 (3) of the CGST and SGST Act and under Section 5 (3) of the IGST Act

Accounting software must provide an audit trail feature by April 1, 2023

Akanksha Bhargava 13 April 2022 at 17:32

Companies have been granted a year to implement the Ministry of Corporate Affairs' latest change in accounting software to use the audit trail (edit log) feature. The audit trail will be mandatory for private limited firms starting April 1, 2022, according to a decision made this year.

CA-Inter to US CPA World Topper, now Placed in EY after Passing CPA from Simandhar Education

Shree 13 April 2022 at 13:25

US CPA is one of the most lucrative careers in the accounting field. It is globally recognized and opens up new career possibilities. The best thing about it is that anyone can become a US CPA, provided you meet certain minimum qualifications. Read on further to know about his journey of becoming the top scorer in the US CPA exam.

Impact of waiver of loan or liability on depreciation claim

FCS Deepak Pratap Singh 13 April 2022 at 12:02

When a loan taken for acquiring a depreciable capital asset or a part of the purchase price of such capital asset is waived in a year subsequent to the year of acquisition,

Health Insurance for all Indians

CA Ranganatha Achar K 13 April 2022 at 09:18

Health insurance is a state subject which is not been given its due. According to a report of NitiAyogIndia has nearly 30% or 42 crore of its population devoid of any health insurance with actual numbers being higher due to gaps in the existing scheme and overlap between the schemes

How to buy a home without a loan

Suhasini 13 April 2022 at 09:04

The huge cost incurred in the acquisition of a house is bad but a massive loan spanning over the majority of a person's life isn't any better. This is why today, we explore the financial journey of buying a home without a loan.