CAclubindia Articles

Role of Financial Projections in Startup Valuation

ValuGenius Advisors LLP 02 October 2024 at 06:47

Financial projections in startup valuation play a significant role in company valuation by providing a forward-looking view of a company's expected financial performance.

October 1st Celebrated as NPS Diwas: Unlock a Future of Exciting Opportunities

Aanand Jha 01 October 2024 at 14:37

We are celebrating 1st October as NPS Diwas with the aim to encourage every citizen to plan towards creating a pension corpus to secure their and their family future to enjoy financial independence post-retirement.

No Interest and Penalty if demanded tax amount is paid by 31st March 2025 for FYs 2017-20

Bimal Jain 01 October 2024 at 13:35

The Ministry of Finance has officially notified the enforcement of several sections of the Central Goods and Services Tax Act, 2017 ("the CGST Act"), including the newly introduced Section 128A in the CGST Act, w.e.f. November 1, 2024.

Relaxation for the availment of ITC for the FYs 2017-2021

Bimal Jain 01 October 2024 at 13:19

Due to various factors, including financial constraints, lack of knowledge on the part of taxpayers or their accountants/tax consultants, and the cancellation of GST registrations for multiple reasons, etc., registered persons could not file their statutory returns

Scope of Accounting in Small vs. Large Business

Ishita Ramani 01 October 2024 at 08:48

In this article, we can explore how the scope of accounting differs in small as opposed to massive corporations and the elements that force those variations.

How Asset Reconstruction Companies in India are transforming the Bad Loan Landscape

Affluence Advisory 01 October 2024 at 08:48

The nation has always dealt with bad loans, but let's discuss how they ended up with such a mess in their books and what triggered the rise of ARC's in India, drawing from the likes of the International Bank for Reconstruction and Development.

Income Tax Updates: 6 Budget 2024 Rules Effective 1st October

Chaitra Seetharam 30 September 2024 at 11:27

Finance Minister Nirmala Sitharaman has announced that the Budget 2024 has introduced several significant amendments to the Income Tax Act of 1961, which will come into effect on October 1, 2024.

Closing Your NRO Account After Returning to India

CA Arun Tiwari 30 September 2024 at 08:40

In this article, we'll explain why you need to convert your NRO account into a regular savings account, how to do it, and what other financial steps you should consider.

Reporting on Audit Trail in the Statutory Audit Report

Ramesh Agrawal (LL.B , CA) 30 September 2024 at 08:37

From the Financial Year 2023-24 the Auditor is duty bound to report on Audit Trail. For reporting on Audit Trail there can be 3 situations for the Auditor. In each situation reporting language will be different.