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Articles by CA Rakesh Ishi

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Audit Trail: A Key Element of Financial Audits

  CA Rakesh Ishi    17 February 2024 at 12:05

An audit trail is a chronological record of all changes made to financial transactions within an accounting system. It helps maintain the integrity and accuracy of financial records.



Understanding Electronic Credit Reversal and Reclaim Statement (ECRRS)

  CA Rakesh Ishi    16 January 2024 at 11:05

In the intricate world of Goods and Services Tax (GST), staying abreast of changes and adopting efficient practices is crucial for businesses. One such recent development is the introduction of the Electronic Credit Reversal and Reclaim Statement (ECRRS).



Mastering the Art of Self-Promotion in the CA Profession

  CA Rakesh Ishi    06 January 2024 at 09:12

Starting your journey as a Chartered Accountant is impressive, but many forget to show themselves well in the corporate world. Whether you're in a job interview or trying to impress clients, it's essential to recognize the value of being a CA and present yourself effectively.



Top 5 Ways Of Handling CA Final Result Stress

  CA Rakesh Ishi    04 January 2024 at 09:42

In the waiting period, it's normal to feel stressed, but a holistic approach with meditation, fitness, and engaging activities can help you manage stress effectively.



A Comparative Study of Ind AS 8 and AS 5

  CA Rakesh Ishi    02 January 2024 at 10:25

A Comparative Analysis of Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors and AS 5 - Net Profit or Loss for the Period, Prior Period ..



Key Differences Between Ind AS 10 and AS 4 in Post-Balance Sheet Events

  CA Rakesh Ishi    01 January 2024 at 08:42

1. Disclosure of Material Non-Adjusting Events Ind AS 10: Requires the disclosure of material non-adjusting events directly in the financial statements. AS 4: M..



Simplifying Variances Between Ind AS and AS in Inventory Valuation

  CA Rakesh Ishi    30 December 2023 at 10:33

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Decoding the Legitimacy of Business Expenses

  CA Rakesh Ishi    28 December 2023 at 11:55

In a recent case, Swing Infraspace P. Ltd. found itself in the crosshairs of the Income Tax authorities concerning the allowability of certain expenses under Section 37(1) of the Income Tax Act, 1961.



Understanding TDS Under Section 195

  CA Rakesh Ishi    27 December 2023 at 10:49

In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr. 



Judgments in Favour of Assessee: Legal Victories in Taxation - Part 1

  CA Rakesh Ishi    02 November 2023 at 13:00

Here, we present five such cases where the judgments favored the taxpayers (assessee).