CAclubindia Articles

Choosing the Best Tax Regime for an Annual Income of Rs 10 Lakh: New vs Old

Posted by CA Naveen Panwar 20 November 2024 1039 Views

As an individual with an annual income of ₹10 lakh, one of the key decisions you need to make when filing your taxes is choosing between the old tax regime and the new tax regime.

Resolving Gaps Between GSTR-2B and GSTR-3B Data

Posted by Mitali 19 November 2024 1875 Views

If you have observed that there are discrepancies between GSTR-2B and GSTR-3B or GSTR-2B is not generated, then you can look for these steps to re-compute it

Artificial Intelligence In Human Resources

Posted by Affluence Advisory 19 November 2024 317 Views

Human Resources (HR) is one of the most crucial departments in any organization, responsible for managing the most important asset: the people.

Understanding the New IMS (Invoice Management System) on GST Portal

Posted by CA Umesh Sharma 19 November 2024 1463 Views

IMS allows recipient taxpayers to take various actions like accept, reject, or keep invoices pending based on the records uploaded by their suppliers in GSTR-1 or IFF. This gives recipients control over their Input Tax Credit (ITC) eligibility before filing GSTR-3B.

ITR is Statutory Document that must be considered while deciding Compensation

Posted by FCS Deepak Pratap Singh 18 November 2024 264 Views

The ITR (Income Tax Return), which is a statutory document, is required to be considered for the purpose of assessing the income of the deceased, which is inclusive of perquisites and allowances, in the light of judgment rendered by Hon'ble Apex Court in the case of Meenakshi v. Oriental Insurance Co. Ltd.

Challenges Faced By Small and Medium-Sized Enterprises in 2024

Posted by Ishita Ramani 18 November 2024 392 Views

In this article, we elaborate the challenging situations faced by Small and Medium-sized businesses, supplying insights and ability solutions.

AI's Role in Revolutionizing Compliance and Regulatory Reporting for Chartered Accountants

Posted by CA Aditya 18 November 2024 336 Views

This article explores the practical applications of AI in accounting, highlighting how these technologies improve efficiency, reduce errors, and ensure adherence to ever-changing regulations.

Cost Audit Applicability for Small and Medium Enterprises (SMEs)

Posted by Ishita Ramani 16 November 2024 591 Views

This article explores the cost audit applicability for SMEs, its benefits, and the criteria that determine its relevance.

Whether Borrowing From Directors is Related Party Transaction

Posted by FCS Deepak Pratap Singh 16 November 2024 335 Views

The provisions related to Vigil Mechanism is contained in Section 177 (9) and (10) of the Companies Act, 2013 (the Act) read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014.