CAclubindia Articles

FAQs on - Manufacture and Other Operations in Customs Warehouse

Lekhraj sood 30 October 2020 at 15:43

CBIC has launched a revamped and streamlined program to attract investments into India and strengthen Make in India. CBIC has gathered certain queries through trade consultations which have been consolidated and answered in this article.

Cooperative Banks - In the light of The Banking Regulation (Amendment) Act, 2020

Manish Mehra 30 October 2020 at 15:43

There are 1577 cooperative banks in India as 33 State cooperative banks, 1482 Urban cooperative banks, 62 multi-state cooperative banks. Understanding why an amendment is brought in the Banking Regulation Act in the citation of cooperative banks.

CARO 2020 - The devil is in the detail!

Prateek Mankad 30 October 2020 at 13:27

In this article, we deal with the reporting requirements related to assets. CARO 2020 largely retains the principles and reporting requirements of property, plant, and equipment.

Is the Union Government also facing huge losses amidst COVID-19?

Mayank Mohanka 30 October 2020 at 10:25

Consolidated Half Yearly Accounts of the Union Government of India are reflecting a DEFICIT Balance of Rs. 9,13,993 crores.

Professional Empowerment Series - Chapter 6: Persuasive Communication

Madhukar N Hiregange 30 October 2020 at 09:58

In a profession we have many make or break conversations. How can we be engaging to be able to continue and get the opportunity to serve - how can we persuade the other side?

Discussion On ITC Of Diwali Gifts

CA Rahul Mittal 29 October 2020 at 16:33

An analysis of whether Input Tax Credit will be available on the purchase of Diwali gifts? Discussing two scenarios.

TCS u/s 206C (1H) - New inclusions in the applicability of TCS

Kartik Jain 29 October 2020 at 13:19

All about TCS on sale of Goods [newly inserted Section 206C(1H)] effective from 01.10.2020 - New inclusions in the applicability of TCS.

Filing Under Companies Fresh Start Scheme

CS Rashi Jain 29 October 2020 at 09:55

Understanding the practicalities of the Compliances to be done for making the status of an Active Non-Compliant Company to Active Compliant under CFSS.

CARO 2020 - A Stitch in Time Saves Nine

Prateek Mankad 28 October 2020 at 17:34

The requirement to report exceptions in the consolidated financial statements requires careful planning. Auditors should factor this when finalizing the group audit instructions.

Professional Empowerment Series - Chapter 5: Attracting Industry/ Trade

Madhukar N Hiregange 28 October 2020 at 15:22

The most important aspect of a business/profession is to get more clients. In this article, we uncover ways of how professionals and businessmen can get more clients.