CAclubindia Articles

Impact of insertion of Rule 88D in CGST Rules 2017

Posted by Affluence Advisory 25 August 2023 25789 Views

The captioned rule deals with differences in ITC availed as per GSTR-3B and credit reflecting in GSTR-2B of a particular period/periods.)

What is Schedule Assets and Liabilities (Schedule AL)?

Posted by Poojitha Raam Vinay

24 August 2023 50800 Views

Schedule AL is a statement of disclosure of assets and liabilities which the taxpayer shall disclose in the Income Tax Return (ITR). This was introduced from AY 2016-17.

Understanding IND AS 32: A Guide to Financial Instruments Presentation

Posted by CA Sanat Pyne 24 August 2023 31464 Views

The purpose of IND AS 32 is to provide transparent and relevant information about financial instruments to stakeholders, including investors, lenders, and regulators.

Reversal of ITC in case where Supplier has not remitted the tax

Posted by Affluence Advisory 24 August 2023 8708 Views

ITC reversal in the hands of recipient of goods or services in case of default made by supplier by not depositing the tax collected with the Government.

What means do IPL franchise teams use to raise funds and generate income?

Posted by Aisha 24 August 2023 2484 Views

In India, the IPL is the major cricket competition. It’s made up of teams from around the country, with some of the best cricket players in the world. How are these teams, or franchises as they’re known, funded? Read this article to find out.

Income Tax Audits Decoded: A Practical Manual for Business and Professional Individuals

Posted by Rashmi 24 August 2023 4533 Views

If you earn money through a business or as a professional, there are certain rules set by the government that you need to follow. These rules ensure that your financial records are accurate and that you're paying the right amount of taxes.

Form MGT 14: Types of Resolutions

Posted by Ishita Ramani 24 August 2023 1874 Views

Form MGT 14 was created by the Companies Act, 2013 in order to provide specific decisions to the Registrar of Companies (ROC).

Discipline regarding "quasi-criminal" penal proceedings

Posted by Vivek Jalan 24 August 2023 1250 Views

Discipline regarding penal action under various tax laws are widely discussed. Two interesting recent cases under Income Tax allows one to reflect further.

Accountant or Business Accountant: An Industry Perspective

Posted by Shailesh Prajapati 23 August 2023 4101 Views

Although in a Large Industry, the various functions are handled by various departments still the Role and the expectation from CFO is always the guiding person to the CTO or COO or the different functions unless the person wants to stick to numbers.

Which ITR to choose for Commission Agents: ITR 3 or ITR 4?

Posted by Soumya Laha 23 August 2023 136822 Views

Commission Agents are Businessman or Professionals? What do you think?If you think that Commission Agents are Professionals, then you are wrong. Many people tho...