CAclubindia Articles
Bank Unions on a Two-Day Nationwide Strike Against Privatisation of PSBs
Nine bank unions under the name of the United Forum of Bank Union (UFBU) started with a two-day nationwide strike from 15th March to protest against the proposed privatisation of two state-owned lenders.
Section 201 | Consequences of Non-Compliance to TDS
As per section 201 of the Income Tax Act, if a deductor fails to deduct TDS or after deducting the same fails to deposit it to the Government's account then he shall be deemed to be an assessee-in-default and liable for consequences discussed in this article.
Section 143(1) Scheme of processing of return
If return is filed having a claim of refund and case is selected for scrutiny under section 143(2), then the refund shall be granted to the assessee under section 143(1). ITD can't stop the refund till the completion of assessment under section 143(3).The return shall be processed under section 143(1) even if the case is selected for scrutiny and there is a refund.
Understanding AS 25 - Interim Financial Reporting
Accounting Standard 25 on Interim Financial Reporting is an accounting standard issued by ICAI (The Institute of Chartered Accountants of India) that speaks about the preparation and presentation of interim financial statements of an entity.
All about ECSIN
In exercise of the powers conferred by clause (1) of Part II of the Second Schedule to the Company Secretaries Act, 1980 as amended by the Company Secretaries (Amendment) Act, 2006. The council member in its 261st meeting held on 27th June, 2019 issued Employee Company Secretary Identification Number.
Quick Summary on GST E-invoicing
E-invoicing is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. Under the proposed electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal to be managed by the GST Network.
New Year at last brings revised GST Audit Form
Read this beautiful conversation between Arjuna and Krishna. Where Krishna tells Arjuna about all the recent changes in the GSTR-9C offline utility forms updated on the 24th of December, 2019.
Penalty/Fine on Late filing of e-form along with additional Fees
In this editorial, author will strive to answer the following: -Whether Additional Fees is fine or Penalty? - Provisions dealing with late filing of e-form. -Consequences on late filing of e-forms except additional fees.
Accounting perspective of new GST input credit restriction rules
The CBIC imposed the restriction on availment of input tax credit (ITC) under GST in respect of invoices or debit notes, the details of which not have been uploaded by the supplies under sub section (1) of section 37 of CGST act.
Penalty Under Section 271(1)(C) of the Income Tax Act 2016
Penalty Under Section 271(1)(C) of the Income Tax Act 2016
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