CAclubindia Articles

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

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.

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.

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.

Archived GST Return Data Restored - Don't Miss Out

Mitali 30 September 2024 at 08:33

GST Return Data which have been archived earlier it has been restored now.

Chennai's Property Tax Hike: GCC Approves 6% Increase

Niyati 28 September 2024 at 17:38

The Greater Chennai Corporation (GCC) council on 27th September 2024, approved to raise property tax at a rate of 6%.

Important Changes From 1st October 2024 In PPF Rules

Mitali 28 September 2024 at 14:51

PPF is a government scheme in India designed to encourage long-term savings investments.

Financial Concurrence in Public Sector Undertakings (PSU)

CA S K Mishra, FCA, FCMA , MBA 28 September 2024 at 08:45

In Public Sector Undertakings, powers are delegated to the officers by the management as per departmental guidelines. Financial concurrence power is exercised by officers within an organisation as per Delegation of Power (DOP).