CAclubindia Articles
Residential Status under the Income Tax Act
Venkat Raj 17 December 2020 at 10:06Residential status is a vitally critical component under Income tax. It varies for various classes of assessees. The concept of residential status lies under Income tax and FEMA.
TDS & Advance Tax
CA.R.S.KALRA 17 December 2020 at 10:06The persons having a turnover of more than Rs. 1 crore but less than Rs. 2 crores and declaring income u/s 44AD would be required to deduct TDS. Furthermore, the eligible assessee is now required to pay advance tax by 15th March of the financial year.
What work is done in CA articleship
Yashodeep Chauhan 16 December 2020 at 16:53In this article, we discuss the different areas of work under which a CA Article is trained during the 2.5 year long articleship period and the different factors that guide those areas.
Single point focus and dedication
CA Anurag Sharma 16 December 2020 at 15:58If you are clear in your thought process about what you are doing then nothing will stop you from fulfilling your goal. If you want to do something then just to do it and be dedicated to your goal, this is what single point focus and dedication means.
What does the future hold post an MBA in Digital Finance and Banking?
Suhasini 16 December 2020 at 12:33O.P. Jindal Global University offers an MBA degree in Digital Finance and Banking. The program is powered by upGrad, India's leading online higher education company, and is delivered in an online + blended learning format.
Pre-Budget Suggestions: Request for policy related changes on few issues in GST - Revenue neutral - Reform oriented
CA. Madhukar N. Hiregange 16 December 2020 at 10:13Redressal of these issues would not result in any additional cash outflows for the Government, but redressal of these issues promotes 'ease of doing business'& the theme of 'Invest India'.
Credit Ratings: Basic Concepts Explained
Yashodeep Chauhan 16 December 2020 at 10:06Credit rating is an opinion that is based on an assessment of credit-risk (credit risk is the risk of failure on part of the borrower to repay the loan). The entity that assigns the credit rating is called a Credit rating Agency.
Penalty for failure to get accounts Audited - Section 271B
CA.R.S.KALRA 16 December 2020 at 09:56If the assessee fails to get his accounts audited or furnish a report of such audit u/s 44AB, a flat penalty u/s 271B shall be attracted. No penalty shall be imposed u/s 271B if the assessee proves that there was reasonable cause for such failure.
Combined Study of Section 44AB with Section 44AD
CA.R.S.KALRA 15 December 2020 at 18:22Currently, businesses having turnover of more than one crore rupees are required to get their books of accounts audited by an accountant. In order to reduce the..
Next-Gen POS Enhancing Revenue Opportunities for Businesses
Biswajit Mishra 15 December 2020 at 09:51As businesses are still evolving and providing superior user expertise to their client base, the need for the POS systems they use to back their sales efforts also have to evolve.
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