CAclubindia Articles

Section 54 & 54F: Some of the finer points and judicial decisions

CS Advocate Abhishek Goyal 15 March 2022 at 08:52

As we are aware, section 54 of the Income Tax Act, 1961 provides exemption to the assessee from long term capital gains accruing to the assessee on account of transfer of a capital asset which is a residential house property subject to conditions prescribed therein.

Management Aspects in Insolvency and Bankruptcy Process

CS Peer mehboob 15 March 2022 at 08:52

As per section 17 of the Insolvency and Bankruptcy Code, from the date of appointment of the interim resolution professional, the interim resolution professional vested with the management of the corporate debtor.

Maharashtra settlement of arrears of Tax, Interest, Penalty or Late Fees Scheme 2022

CA Umesh Sharma 14 March 2022 at 16:33

Maharashtra Government has introduced various schemes in the Budget to settle old disputes. Considering the same, the government has introduced an scheme to solve disputes between Maharashtra government and taxpayers.

CA course - Who should and should not do it

Member (Account Deleted) 14 March 2022 at 13:19

Chartered Accountancy is one of the most highly regarded professions in India and is widely recognized around the world. Read along as we explore more about it as well as who should consider doing the CA course and who shouldn't.

Analysis on Corporate Social Responsibility (CSR)

Neethi V. Kannanth 14 March 2022 at 12:12

Through Corporate Social Responsibility, companies voluntarily contribute to a better society and environment. Corporate Social Responsibility can be defined as a Company's sense of responsibility towards the community and environment in which it operates.

Employee recoveries and GST implications

CA Roopa Nayak 14 March 2022 at 12:03

In this background, the paper writer has examined in light of recent developments whether GST to be paid on recoveries made from employees by company.

Atomic Habits - Power of compounding habits

Dhruv Nandani 14 March 2022 at 08:43

What is a habit? Which habits should we inculcate? Why are habits important? How long does it take to develop a habit?

Whether income tax attachment order will be considered as bar on sale of assets of a company in liquidation under IBC 2016

FCS Deepak Pratap Singh 14 March 2022 at 08:43

Leo Edibles & Fats Limited Vs. Tax Recovery Officer (Central)- Hyderabad [2018] 99 taxmann.com 226/259 Taxmann 387 Andhra Pradesh & Telangana High Court.

Regulatory compliances for Freelancers in India

CA Puja Sharma 14 March 2022 at 08:43

Freelancing or the Gig Economy is an emerging movement around the world. The concept of freelancing is based on the premise that knowledge is global and more accessible than before.

Cost audit and cost record - Its applicability and compliances

CS Shailesh Singh 12 March 2022 at 15:42

Cost audit is the independent audit of cost records maintained by companies. The concept of cost audit was introduced in 1965 when Companies Act, 1956 was amended to incorporate the provisions relating to the maintenance of cost accounting records and cost audit.