CAclubindia Articles

Incorporation Of Indian Subsidiary

vidhi jhalani 11 February 2022 at 08:42

The company in which the holding company holds 100% share capital is termed as a wholly-owned subsidiary. As per Law, an Indian subsidiary company is an Indian company and treated as one and is required to meet all the compliances applicable to Indian companies.

Reduction of share capital is a domestic affair of a company - NCLAT

FCS Deepak Pratap Singh 11 February 2022 at 08:35

Reduction of Capital' under Section 66 of the Companies Act, 2013 is a 'Domestic Affair' of a Company in which, ordinarily, a Tribunal will not interfere because of the reason that it is a 'majority decision' which prevails.

Opportunity for CA/CS which never existed before

Ramanuj Mukherjee 10 February 2022 at 15:42

Is there no work for CAs and CS in all these burgeoning industries?

Union Budget 2022-23: Proposed Changes relating to Income Tax Search and Seizure Provisions

CA.Mohit Gupta 10 February 2022 at 09:03

In the Union Budget 2022-23 through Finance Bill 2022, among other tax measures, the Hon'ble Finance Minister recommended significant changes relating to Income Tax Search and Seizure provisions, as mentioned in this article

Analysis of GSTR 9 & 9C

Sudeep K 09 February 2022 at 15:38

The basic understanding of the adjustments, reconciliations that are to be performed while filing an annual return and reconciliation statement (GSTR 9 & GSTR 9C resp.) are covered in this article.

Which is better for a CA Student? Regular College or Correspondence?

Suhani Ahuja 09 February 2022 at 08:53

Students frequently face a choice on whether to attend Regular College or Correspondence College. At the end of the day, the decision is yours to make, but these are the things you must consider before making that decision.

Whether non-refundable grants be considered as Capital Expenditure and not allowed as expenditure for deduction

FCS Deepak Pratap Singh 08 February 2022 at 08:35

The appellant-Corporation, National Co-operative Development Corporation, was established under the National Cooperative Development Corporation Act, 1962 (hereinafter referred to as the ‘NCDC Act’).

Taxation in Crypto World! Your loss is your loss and Your gain is Government's Gain!

Member (Account Deleted) 07 February 2022 at 14:25

Krishna, Honourable Finance Minister Mrs. Nirmala Sitharaman had declared the Finance Budget of 2022-23 on 01st February in the Lok Sabha. And this year the government decided to tax Virtual digital assets (VDA) so what was the reason behind doing this?

Taxation of Virtual Digital Assets

CA Keyur Somani 07 February 2022 at 12:45

In this blog, I have tried to explain taxation of Virtual Digital Asset and yes crypto has not been given status of currency and it’s an asset on that to I have doubt of legality as taxing something does not make it "legal" as Income Tax Act tax income from betting and smuggling, also never the less it’s another topic of debate.