CAclubindia Articles

Share Capital and its Accounting Entries

Mitali 22 May 2023 at 17:21

Share capital refers to the total value of shares issued by a company and held by its shareholders. It represents the initial or subsequent investment made by individuals, institutions, or other companies in exchange for ownership in the business.

RBI to Withdraw Rs 2000 Banknotes: What You Need to Know?

CA Harshit Goyal 22 May 2023 at 16:04

The Reserve Bank of India (RBI) has recently made a significant announcement that will impact the way we handle our currency. In a move to maintain a robust and efficient currency circulation system, the RBI has decided to withdraw the ₹2000 denomination banknotes, which were introduced in 2016 after the historic demonetization move.

Penalty of Rs. 20 lakh on non-appointment of CS

CS Divesh Goyal 22 May 2023 at 14:21

Section 203 of the Company Act of 2013, as amended by Rule 8 (Appointment and Remuneration of Managerial Personnel) Rule of 2014.

Exploring Unique Fields for CA Students and Practical Ways to Enroll

CA Rakesh Ishi 22 May 2023 at 08:41

If you're a CA student in India seeking unique career opportunities, there are several exciting fields you can explore.

Expected key points to be discussed in the upcoming GST Council Meet

Abhishek Raja 22 May 2023 at 08:41

GST Council to meet on June 22-23 to discuss key issues. The GST Council is scheduled to meet on June 22-23 to discuss a number of key issues, including the extension of the compensation cess, rationalization of rates, and the implementation of e-way bill 3.0.

Income Tax Return for AY 2023-24: Major Update for ITR Filters

Pranab Banerjee 22 May 2023 at 08:41

If you file your income tax return (ITR File) every year, you need to read this update. The ITR-2 offline form has been issued by the Inland Revenue Department for filing income tax returns for the tax year 2022-23 (A.Y 2023-24).

TCS on Credit Card Payments: Impact on International Transactions and How to Navigate the Changes

CA Krishna Kumawat 22 May 2023 at 08:41

With the recent amendments in the Foreign Exchange Management Act (FEMA), international credit card spending now falls under the Reserve Bank of India's (RBI) Liberalised Remittance Scheme (LRS).