CAclubindia Articles

Understanding the Direct Tax Code: A 100-Sentence Journey

Pranab Banerjee 30 November 2024 at 08:53

The Direct Tax Code (DTC) is a proposed framework to overhaul India’s direct tax structure. It aims to replace existing laws like the Income Tax Act of 1961 with a more contemporary, efficient system.

MCA Appoints Adjudicating Officer to Address DIN Non-Compliance by M/s Aasvas Nidhi Limited

CA Naveen Panwar 30 November 2024 at 08:48

In a noteworthy enforcement of corporate governance norms, the Ministry of Corporate Affairs (MCA) appointed the Registrar of Companies (RoC), Kerala, as the Adjudicating Officer to address violations of Section 158 of the Companies Act, 2013.

Applicability of RBI Provisions of NBFC on LLPs

CA Smita Khurana 30 November 2024 at 08:41

Position of Law - Definition of NBFC as per Section 45 of the RBI Act 1934

"Date of initiation" for calculating time barring period of Issuing Order for penalty u/s 275

Vivek Jalan 30 November 2024 at 08:41

In terms of Section 275(1)(c) of the Income Tax Act, no order imposing penalty could be passed after the expiry of six months from the end of the month in which the action for imposition of penalties was initiated.

The Tale of Inventories (IND AS 2)

CA Rakesh Ishi 29 November 2024 at 14:47

The wise sage IND AS 2 came to the kingdom and shared his principles for valuing inventories.

Bombay High Court Restores GST Appeal in Y.M. Motors Pvt. Ltd. vs. Union of India

CA Naveen Panwar 29 November 2024 at 08:49

The case, Y.M. Motors Private Limited vs. Union of India, highlights the judiciary's commitment to safeguarding the rights of taxpayers in instances where technicalities obstruct substantive justice.

Everything About Newly Introduced PAN 2.0

CA Aman Rajput 29 November 2024 at 08:49

The government has recently launched this PAN 2.0 project as part of its broader vision of digital transformation and governance simplification as per the Digital India initiative

Key Benefits of SPICe MCA for Entrepreneurs in India

Ishita Ramani 29 November 2024 at 08:49

In this article, we will discuss how SPICe MCA offers vast benefits to entrepreneurs in India.

Why Internal Audits Are Essential for Business Success

Sundaran.D 29 November 2024 at 08:49

In today’s fast-evolving business environment, companies are under constant pressure to manage risks, comply with regulations, safeguard assets, and optim

Government to Introduce QR Code-Based PAN Cards: 78 Crore PAN Cards to Be Replaced

CA Naveen Panwar 28 November 2024 at 08:43

In a major technological upgrade, the Indian government is set to revolutionize the Permanent Account Number (PAN) system by introducing QR code-enabled PAN cards.