CAclubindia Articles

Draft Format of Engagement letter & Management representation on Tax Audit

Gaurav Singla 13 May 2020 at 10:15

The purpose of the Management Representation Letter on various matters is to focus the management's attention on those matters so that the management can specifically address those matters in more detail than would otherwise be the case.

How CA syllabus can be changed to one focusing more on skills?

CA Satish Badve 13 May 2020 at 10:14

We should have basic subjects and skill development subjects to develop the skill to adopt, study, and apply the new subjects whenever they come.

Loan and investment by company - Section 186

PRIYANKA HARNOTIA 13 May 2020 at 09:43

This section lays down the provisions relating to providing loans to any person or other body corporate, giving any guarantee or providing security in connectio..

How to rebuild your business after COVID-19?

Harshit Gupta 12 May 2020 at 14:13

Having a post-lock down strategic plan ready for your business will help to revive it from any major setbacks. If you don't have a strategic plan for your business then it is the right time to think in that direction and revive your business from the effect of COVID-19.

Overview of International Business

CA Muskan Jain 12 May 2020 at 14:13

In this article, I have given the overview of International Business, its drivers, its benefits and difference between Domestic & International Business and I hope that this article will help you to understand the basics of International Taxation.

22 key highlights of meeting of PM Modi with CM of different states on 11th May, 2020

DEEPAK SETH 12 May 2020 at 11:24

22 key highlights of meeting of PM Modi with CM of different states on 11th May, 2020

Tax Audit under Income Tax Act after the amendments by Finance Act 2020

CA Rakesh Negi 12 May 2020 at 11:05

Section 44AB, contains provisions of the "TAX AUDIT" under the Income Tax Act 1961. "TAX AUDIT" is an examination of books of accounts of the assessee. The examination is conducted to ensure that the assessee has properly maintained the books of accounts and other records and the tax liability has been computed properly.

No GST payable on director's salary: Advance Ruling

MARIES 12 May 2020 at 09:28

As rightly held by the AAR, Karnataka in the subject case, an Executive Director, who normally holds the managerial position and involves in day to day activities, is an Employee of the Company and thus GST is not applicable on remuneration paid to such Executive Director.

Why should Chartered Accountants learn Financial Modeling?

Paritosh Joshi 12 May 2020 at 09:28

A financial model is a tool that is used to understand a company's performance through years (or other time frames) and help forecast the financial performances into the future.