CAclubindia Articles

What Courses can you Pursue with CA or after CA?

Posted by Neethi V. Kannanth 14 April 2022 35006 Views

Here is the list of courses that can be pursued with CA or after CA

Whether mere endorsement of the Bank "payment stopped" is sufficient to entertain the complaint u/s 138 of NI Act?

Posted by FCS Deepak Pratap Singh 14 April 2022 2342 Views

A well appreciated and welcome decision from the Apex Court in which court held that the object of Chapter XVII, which is intituled as "OF PENALTIES IN CASE OF DISHONOUR OF CERTAIN CHEQUES FOR INSUFFICIENCY OF FUNDS IN THE ACCOUNTS" and contains Sections 138 to 142, is to promote the efficacy of banking operations and to ensure credibility

Whether operational creditor includes a purchaser of goods and services

Posted by FCS Deepak Pratap Singh 14 April 2022 1039 Views

In a recent judgment, the Supreme Court of India, while keeping up the efforts of plugging various loopholes in the Insolvency & Bankruptcy Code, 2016 ("Code"), decided an interesting legal issue relating to the scope of Section 5(20) of the Code, which provides the definition of "operational creditor".

Who is a GTA and whether issue of Consignment note is mandatory condition of GTA?

Posted by Samyak Jain 13 April 2022 6705 Views

The applicability of RCM on Freight has brought a great deal of confusion for some people in understanding exactly in what situations the RCM liability under Section 9 (3) of the CGST and SGST Act and under Section 5 (3) of the IGST Act

Health Insurance for all Indians

Posted by CA Ranganatha Achar K 13 April 2022 3619 Views

Health insurance is a state subject which is not been given its due. According to a report of NitiAyogIndia has nearly 30% or 42 crore of its population devoid of any health insurance with actual numbers being higher due to gaps in the existing scheme and overlap between the schemes

Impact of waiver of loan or liability on depreciation claim

Posted by FCS Deepak Pratap Singh 13 April 2022 3261 Views

When a loan taken for acquiring a depreciable capital asset or a part of the purchase price of such capital asset is waived in a year subsequent to the year of acquisition,

How to buy a home without a loan

Posted by Suhasini

13 April 2022 27937 Views

The huge cost incurred in the acquisition of a house is bad but a massive loan spanning over the majority of a person's life isn't any better. This is why today, we explore the financial journey of buying a home without a loan.

SC: A "Going concern sale" on an "as is where basis" means sale of both assets & liabilities

Posted by FCS Deepak Pratap Singh 13 April 2022 4861 Views

A 'going concern sale' on an 'as is where basis' does not dissolve the corporate debtor, rather, it forms a part of the liquidation estate wherein the entire business, including assets and liabilities, including all contracts, licences, concessions, agreements, benefits, privileges, rights, or interests, is transferred to the purchaser.

All About Unit Linked Insurance Plan (ULIP)

Posted by Neethi V. Kannanth 12 April 2022 4861 Views

Unit Linked Insurance Plan (ULIP) is a mix of insurance along with investment. From a ULIP, the goal is to provide wealth creation along with life cover where the insurance company puts a portion of your investment towards life insurance and rest into a fund that is based on equity or debt or both and matches with your long-term goals.

A debt not being part of resolution plan would not be legally actionable

Posted by FCS Deepak Pratap Singh 12 April 2022 1423 Views

Once the resolution plan was approved, all claims stood frozen and a claim which did not form a part of the final resolution plan would not be legally actionable.