CAclubindia Articles

Availment of ITC on Corporate Social Responsibility (CSR)

Posted by jaskamal singh 17 August 2021 5048 Views

CSR shall not be treated as a gift or free supply. ITC on CSR should be availed since the same can be treated as incurred in the course and furtherance of Business.

GST Scrutiny Parameters

Posted by CA Umesh Sharma 17 August 2021 9434 Views

An officer may scrutinize the return furnished by registered persons to verify the correctness of the return and inform them of the discrepancies noticed and seek their explanation thereto.

Section 44AA: Maintenance of accounts by certain persons carrying on profession or business

Posted by Ritik Chopra 16 August 2021 10549 Views

Maintenance of books of accounts is one of the most important tasks for any business or profession. Discussing the provisions u/s 44AA of the Income Tax Act, 1961 related to maintenance of accounts.

Arbitration under MSMED Act

Posted by CS Lalit Rajput 16 August 2021 1663 Views

Where the conciliation fails under the provisions of the Act, MSEFC shall either take up the dispute for arbitration or refer it to any institution providing alternate dispute resolution services.

Top 5 Cash Transactions that can Attract IT Notice

Posted by CS Lalit Rajput 16 August 2021 23385 Views

Discussing the top 5 cash transactions that can attract IT notice with regard to savings/current account, credit card bill payment, bank FD, mutual fund/stock market/bond/debenture and real estate.

Section 194N: TDS on Cash Withdrawal from Banks/Post Offices (Updated for FY 2021-22)

Posted by CA.R.S.KALRA 15 August 2021 15110 Views

Section 194N is applicable in case of cash withdrawals of more than Rs 1 crore during the FY. This section will apply to all sums of money or an aggregate of sums withdrawn from a particular payer in the FY.

Whether, strike off allowed before filing of INC 20A

Posted by CS Divesh Goyal 15 August 2021 2589 Views

Can companies file e-form STK-2 for strike off without filing of e-form INC 20A in case the company has not conducted business since Incorporation? Let us discuss.

How does SEBI Protect the Interest of Investors?

Posted by Poojitha Raam Vinay

14 August 2021 83130 Views

Investor protection is a wide term that defines measures to protect the investors from malpractices of companies, merchant bankers, depository participants and other intermediaries.

How to Strike off a Company within 1 year of Incorporation?

Posted by CS Divesh Goyal 14 August 2021 4496 Views

If a company has not started any business since incorporation and promoters want to strike off within a year of incorporation, whether they can file STK-2 for strike-off? Let us discuss.

Addition in Disclosure of Financial Statement

Posted by CS Divesh Goyal 14 August 2021 3619 Views

MCA is increasing stringency in compliances and adding numerous additional disclosures in Financial Statements, Directors Report and Audit Report. The main purpose behind these amendments is to ensure more transparency.