CAclubindia Articles

Bursting the Handi of Fake GST Registration!!

CA Umesh Sharma 26 August 2024 at 13:52

Celebrate Janmashtami with Krishna's wisdom on good triumphing over evil. Discover the government's second special drive against fake GST registrations and its role in combating fraud in the GST system, much like breaking the Dahi Handi to reveal hidden treasures.

Case Study: Short Term Leases

FCS Deepak Pratap Singh 26 August 2024 at 08:36

Entity X (lessee) enters into a lease with Entity Y (lessor) for two assets namely, Asset A and Asset B, with 10 months non-cancellable term with an option to extend the lease for 5 months. The lease does not have a purchase option.

Unified Pension Scheme (UPS)

CA Suresh Kumar Agarwal 26 August 2024 at 08:32

Under the new scheme, staff will receive 50 percent of the average basic pay of their last 12 months before retirement as a pension; provided they have served for a minimum of 25 years.

Secure Your Future: National Savings Certificate (NSC) Benefits, Pension Strategy and Tax Advantages

Sachin 26 August 2024 at 08:32

This guide highlights the benefits of NSC, including tax advantages and a strategy to create a pension-like income, emphasizing its value as a stable, secure investment option.

Handling Accounts Department - Key Points

Chhaviraj Joshi 24 August 2024 at 08:31

This article enumerates a few points or habits that, if you cultivate them in your daily work as a CA, finance, audit, or tax professional, will definitely help you to complete the tasks assigned to you by the company, firm, or partner in a timely manner along with expected quality results.

Surge in Defective ITR Notices: Understanding the Reasons Behind the Increase

Sachin 24 August 2024 at 08:25

In recent times, many taxpayers have reported receiving defective Income Tax Return (ITR) notices from the tax department. This uptick (increase) has raised concerns and questions about why such notices are becoming more common.

Guarantee under GST

CA Amit Harkhani 23 August 2024 at 09:54

MEANING OF GUARANTEEGuarantee has not been defined in the GST Law. The reference is to be taken from the Indian Contracts Act, 1872. Guarantee is defined under ..

The Process of Management Transition Following NCLT Approval of a Resolution Plan

CS Akshi Jain 23 August 2024 at 09:32

This article outlines the procedures, legal requirements, and practical steps involved in the management transition of a corporate debtor.

GST Amnesty Scheme August 2024: Preparation & Issues

Vivek Jalan 23 August 2024 at 08:44

The GST Amnesty Scheme has been Enacted Vide Finance (No. 2) Act 2024 (No. 15 of 2024) dated 16th August, 2024.

LLP Registration Explained: Key Points and Procedures

Member (Account Deleted) 23 August 2024 at 08:44

An LLP combines the advantages of a partnership and a corporation. It provides limited liability protection to its partners, meaning personal assets are protected from business debts and liabilities.