CAclubindia Articles

Determination - A Key Element of Success

N.Vimal Kumar Jain 02 May 2021 at 11:42

Determination plays a huge role in maintaining your positivity rate and success. With this background I would like to share my thoughts on determination and how you can build it to achieve your goals

Integration Of Fraud Risk Factor In IFC Framework

CA Amrita Chattopadhyay 01 May 2021 at 11:54

The management needs to have a certain benchmark to assess the adequacy of controls for the mitigation of risks. Without these benchmarks, the risk assessment will be subjective without any guiding post.

Section 115BAD: Alternate Taxation Scheme for Co-Operative Societies

Ritik Chopra 01 May 2021 at 09:52

Section 115BAD provides the benefit of a lower tax rate to Resident Cooperative Societies. It allows them to pay tax at 22% and is applicable for any PY relevant to the AY beginning on or after 01.04.2021.

Who is required to file the Return of Income?

Sagar Devani 01 May 2021 at 09:52

As per Section 139(1) of the Income Tax Act, 1961, it is compulsory for companies and firms to file a return of income for every previous year on or before the due date in the prescribed form.

RBI set parameters for appointing Bank Auditor for FY 2021-22 and onwards

Manish Mehra 01 May 2021 at 09:52

RBI on 27.04.2021 has issued guidelines for the appointment of Statutory Central Auditors of commercial banks (excluding RRB), Urban cooperative banks (UCBs) and NBFCs including Housing Finance Companies.

Death of directors in COVID scenario

Ketan Haria 01 May 2021 at 09:52

Whenever a Director dies, it is regarded as a casual vacancy of the office. A Casual Vacancy is when a director’s office is vacated before the expiry of his tenure.

TDS under Section 206AB

Sashank Saxena 01 May 2021 at 09:52

Where tax is required to be deducted on any sum or income or amount paid under Chapter VIIB, TDS shall be deducted at higher of (i) at twice the rate in relevant provisions (ii) at twice the rate in force (iii) at 5%.

Corporate Governance in Banks: RBIs instruction ahead of master direction

Manish Mehra 01 May 2021 at 09:52

RBI has made a comprehensive review of the framework for governance in commercial banks. Instructions regarding the chair of the board, composition of its committee, age, tenure and remuneration of directors/whole time directors have been issued.

Pre-packaged insolvency resolution process: Survival & Revival of Stressed MSMEs

CMA Harshad S Deshpande 01 May 2021 at 09:52

The pre-packaged insolvency resolution process aims to provide an efficient alternative insolvency resolution framework for corporate persons classified as MSMEs for ensuring quicker, cost-effective and value maximizing outcome for all stakeholders.

2nd wave of Covid-19 badly hits future Sentiment for Indian Real Estate

Ramesh Agrawal (LL.B , CA) 01 May 2021 at 09:52

Due to uncertainties & spread of the 2nd wave of Covid-19, the "Future Sentiment Score" declined from 65 in Q-4 of 2020 to 57 in Q-1 of 2021 as per a survey conducted by Knight Frank-FICCI-NAREDCO.