CAclubindia Articles

Income Tax (CBDT) Due Date Further Extended beyond May, 2021

CS Lalit Rajput 21 May 2021 at 09:42

CBDT has issued a circular w.r.t. extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic and spike in COVID-19 cases.

Account Statement Analysis in Bank Audit

Udit Vyas 21 May 2021 at 09:42

Discussing the account statement analysis in the case of Cash Credit and Term Loan Accounts as these are the advances that contribute maximum in the bank’s fund based advance portfolio.

Standards on Review Engagements (SREs): SRE 2400 (Revised)

Tanuj Chandra Saxenaa 21 May 2021 at 09:41

The main purpose of reviewing a financial statement is to allow professionals to report whether anything has caught their attention which causes them to believe that financial statements aren't prepared in all material respect.

Extension in various due dates vide Circular no. 9 of 2021 by CBDT

VIPUL DHAMIJA 21 May 2021 at 09:41

As per Circular No. 9 of 2021 issued by CBDT, some of the due dates of various compliances such as TDS, TCS, SFT and ITRs have been extended due to the Covid-19 pandemic in the country.

National Pension System (NPS) - Part 3

CMA Poornima Madhava 21 May 2021 at 09:41

This piece attempts to cover all about Registered Pension Funds, How can one open an NPS account and Tax Benefits available under the Income Tax Act.

How to Draft an Appeal under GST?

Akash Gupta 21 May 2021 at 09:41

Any appeal under any law is an application to a higher court for a reversal of the decision of a lower court. Let us understand the steps to draft an appeal under GST.

TDS on cash withdrawal in India

Manish Mehra 21 May 2021 at 09:41

Section 194N has imposed a TDS liability on Payer when any cash payment exceeding Rs. 1 crore is made (individually or in aggregate) during the financial year to Payee.

Restructuring Regulation

Shivanand Pandit 21 May 2021 at 09:41

SEBI has recommended relaxing the Issue of Capital and Disclosure Requirements by lessening the lock-in period for promoters and other shareholders after an IPO.

CSR - Section 135 of the Companies Act 2013

Neha Rajan Redekar 21 May 2021 at 09:41

Corporate Social Responsibility means the activities undertaken by a Company in pursuance of its statutory obligation laid down in section 135 of the Companies Act.

Provisions relating to payment of advance tax

Suhasini 20 May 2021 at 17:40

As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of "advance tax".