CAclubindia Articles

Consideration of cyber security controls in the audit program

CA Amrita Chattopadhyay 04 February 2022 at 08:56

This article aids in providing to understand the cyber risk and the audit approach by the auditors to comply with SA 315.

Need of Revisional Authorities under Tax laws

CA. Pushp Kumar Sahu 04 February 2022 at 08:45

There is an utmost importance of Revisional authorities under Tax laws (both under Income Tax Law and GST Law) to safeguard and protect the interest of revenue as they act as a reviewer of the orders passed by the lower authorities which fall under their respective jurisdictions.

Updated Return: A thorough Analysis

CA Gyati Gupta 04 February 2022 at 08:45

Till 31.01.2022 we had heard of terms like Original Return, Revised return and Belated Return, but with Finance Bill 2022 came a new concept of Return which is named as Updated Return.

Whether court has power to review order, proceedings or actions of IT department

FCS Deepak Pratap Singh 04 February 2022 at 08:45

Section 293 of the Income Tax Act,1961-provides that no suits in any civil court shall be filed to set aside any order made, proceedings or action taken by the department or any officer of the government or anything done in good faith.

New Role of E-commerce Operators in Restaurant Services

CA Reema Sonigra Mehta 04 February 2022 at 08:45

Vide this Notification effective from 01.01.2022, even the 'restaurant services' have been dragged under the provisions of Section 9(5) of the CGST Act (which deals with E-commerce operators).

Budget 2022: Taxation of Cryptocurrency and NFT in India

Shubham 03 February 2022 at 14:55

The Union budget 2022 brought much-needed clarity on the taxation of cryptocurrency and NFTs. This was a requirement as the current regime did not offer any specific provisions for income arising from the sale and purchase of cryptocurrency and NFTs.

Highlights of Union Budget 2022

Dr. Suresh Surana 03 February 2022 at 13:14

India Budget 2022 - Highlights

Budget 2022 - Digitisation of the Indian Rupee

Seetharaman K C 03 February 2022 at 08:34

Up until now, the digital world has not affected the banking business in India but with the Reserve Bank getting ready for the digitisation of the Rupee, this move could perhaps be history in the making where such a bold move has been put forth by the Honourable Finance Minister on 1st Feb 2022.