CAclubindia Articles

Note on Management Representation Letter (MRL)

CA Satish Badve 24 February 2021 at 09:51

An MRL is issued by the client (Auditee) to the auditor in writing as a part of Audit Evidence. This document during the audit clarifies the separation of responsibilities of the auditor and auditee (management).

Companies (Specification of definitions Details) Second Amendment Rules, 2021

Dipika Bhoodhar 24 February 2021 at 09:51

MCA has released the Companies (Specification of definitions details) Second Amendment Rules, 2021 to further amend the Companies (Specification of definitions details) Rules, 2014. Let us understand the changes made, in detail.

How to manage Articleship and CA Exams

Nandini H Gupta 23 February 2021 at 17:38

While clearing 'CA' exams without the required practical experience is dreadful, completing practical training without becoming a 'CA' is disastrous. Thus, it is important to balance the two.

TCS Rate chart: What are the applicable TCS rates for FY 2023-24 (AY 2024-25)?

Pushkar 23 February 2021 at 10:21

TCS is the tax payable by a seller which he collects from the buyer at the time of sale. This article focuses on the TCS Rates for FY 2021-22 (AY 2022-23).

A Guide on Form 15CA and 15CB

Ritik Chopra 23 February 2021 at 09:51

Foreign remittances are often considered difficult due to compliance requirements. This article will cover the foreign remittances process of submission and compliance.

Section 194LBC | TDS on Income in Respect of Investment in Securitization Trust

CA.R.S.KALRA 23 February 2021 at 09:51

Discussing Section 194LBC of the Income Tax Act which deals with the TDS on Income in Respect of Investment in Securitization Trust including its Meaning, Rate of TDS etc.

How to Calculate Common Credit (ITC) under GST?

Ritik Chopra 23 February 2021 at 09:51

Rule 42 of the CGST Rules provides the methodology for apportionment of ITC on inputs and input services and reversal of ineligible credit. Discussing steps involved in calculating Common Credit under GST.

Exemption u/s 54F of the Income Tax Act

Neethi V. Kannanth 23 February 2021 at 09:51

There are various sections under the Income Tax Act, 1961 which provides an exemption from long term capital gain. Through this article let us understand Section 54F.

A Complete Guide to Filing your CA Foundation Registration Form

Ritik Chopra 23 February 2021 at 09:51

In this article, we discuss in detail all the steps through which you can file your CA Foundation Registration Form including the documents required, registration fees, steps to register etc.

Amendments proposed in Section 129 and 130 of the CGST Act, 2017

Bimal Jain 23 February 2021 at 09:48

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 108 and 109 of the Finance Bill, 2021 with respect to amendments in Section 129 and 130 of the CGST Act.