CAclubindia Articles

Union Budget 2021 | 10 Major Direct Tax Proposals

Posted by CCI Team 02 February 2021 14568 Views

The Union Budget 2021 was laid down in the parliament on 1st Feb 21 and several changes were made. In this article, we will be discussing 10 major direct tax proposals which were made in this year’s budget.

Data Analysis In Internal Audit - Payroll

Posted by CA Amrita Chattopadhyay 02 February 2021 5601 Views

It is very important to establish adequate controls in the payroll process. Further, it is also important to know that the controls established are working adequately.

Rule 86B under GST | Restriction on Utilisation of ITC in Electronic Credit Ledger

Posted by CA Amit Harkhani 02 February 2021 10785 Views

The ITC available in the electronic credit ledger could always be fully utilised for discharging the output tax liability. The new Rule 86B has limited the use of ITC balance for paying its output tax liability.

Three cheers for life

Posted by CMA Mrudula M 02 February 2021 3359 Views

This article is for all of us who are awaiting results for the November 2020 CA examination, which we believe would be the foundation stone for our career.

All about Neo Banks

Posted by K Srinivas, CMA CS 02 February 2021 2301 Views

Neo Banks in India presently tie-up with traditional banks and offer their banking services under the traditional bank's network. RazorpayX and Niyo are the major Neo Banks operating in India.

Union Budget 2021-22 | Highlights

Posted by CMA Mrudula M 02 February 2021 2767 Views

Discussing the major highlights of Part A - Vision for AtmaNirbhar Bharat and Part B - Tax Proposals of the Union Budget 2021, which was based in 6 pillars.

Pre-Budget Wish from the First Paperless Union Budget 2021-22

Posted by Mayank Mohanka 01 February 2021 9163 Views

In this Taxalogue, among all the suggested tax reforms/amendments, I would like to specially discuss the Doctrine of Audi Alteram Partem and its criticality and significance in the Faceless Tax Administration Regime, in detail.

Pre Budget Thoughts For 2021-22 Budget

Posted by P.R. Sethuraman 01 February 2021 6662 Views

This article discusses important areas like direct tax,dividend,etc that should be raised in the upcoming budget and also the impact of covid on the budget.

Changes to Residential Status of Individuals as per Finance Act, 2020

Posted by Akshat Goyal 01 February 2021 6587 Views

Citizen or person of Indian origin(PIO) who, being outside India, comes on a visit to India and has total income, other than the income from foreign sources, exceeding 15 lakh rupees during the previous year, the second condition of residence would apply with 120 days instead of 182 days.