CAclubindia Articles

Ind AS: An Introduction and how to study them

Rohan Deshmukh 28 February 2020 at 11:30

Ind AS: Chartered Accountancy (CA) is a professional course and thus, it is expected from a CA student to possess an understanding which lives up to the title.

Proficiency test for Independent Director

Brajesh Kumar 28 February 2020 at 11:30

The Ministry of Corporate Affairs (MCA) has notified the Indian Institute of Corporate Affairs (IICA) at Manesar (Haryana), as an institute to create and maintain a data bank containing names, addresses and qualifications of persons who are eligible and willing to act as independent directors

Tax Benefits of 3 Common Loans in India

Guest 27 February 2020 at 16:58

Loans not only serve as an ideal option to arrange for funds in times of financial need, but may also have some tax benefits associated with them. In the following sections we will discuss how you can save tax when repaying 3 most common loans availed in India - home loan, personal loan taken for the purpose home renovation and education loan.

Income Tax Appellate Tribunal's Powers to Rectify its order U/S 254 (2) of the Act

Dilip K Raina 27 February 2020 at 10:42

Income Tax Appellate Tribunal's Powers to Rectify its order U/S 254 (2) of the Act

Companies Auditor Report Order (CARO) Rules, 2020 - Analysis

Vivek Agarwal 27 February 2020 at 10:41

The MCA has issued the Companies (Auditor's Report) Order, 2020 (CARO 2020), on 25th February 2020. This order has been issued in supersession of the Companies (Auditor's Report) Order, 2016

FAQs on SPICe+ web form

RUTU SHAH 26 February 2020 at 10:18

SPICE+ is divided into two Parts: SPICe+ Part A represents the section wherein all details with respect to name reservation for a new company has to be entered

An Insight to Instant PAN facility through Aadhaar

Member (Account Deleted) 26 February 2020 at 10:18

As we know when we need for PAN, we apply for it through UTI / NSDL or any other media. But recently on 13th Feb. 2020, the Income Tax department brings a facility for Instant PAN allotment in near to real-time which is available free of cost.

GST Vital Practical Problems - Part I

CA Sudhir Halakhandi 26 February 2020 at 10:18

GST is new tax and the dealers who followed it from the initial stage have made some technical mistakes which were not noticed by them within time or they were not rectified by the dealers since the facility of revision of such mistakes was not there. These were innocent mistakes and not the fraud and/evasion of tax.

Demand for interest payable on delayed GST payment on the Gross amount of tax payable

Seetharaman K C 26 February 2020 at 10:18

Demand for interest payable on delayed payment of GST dues being raised on the Gross amount of tax payable before the availment of Input Tax Credit (ITC)

Tax Audit Applicability u/s. 44AB of Income Tax Act, 1961 - Earlier & Post Budget 2020

Jigar Shah 26 February 2020 at 10:17

1. Before 2016, the turnover limit for sec 44AB and Sec 44AD were identical. Thereafter, in Budget 2016, the turnover limit for Sec 44AD has been raised to INR ..