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CAclubindia Articles


Filing Belated Income Tax Return & Common Reasons for Delayed Filing

Posted by Sachin 29 August 2024 1142 Views

You can file a belated Income Tax Return (ITR) if you missed the original deadline of July 31. The deadline to file a belated ITR is December 31 of the assessment year.



Case Study: Change in Accounting Estimates And Errors Reporting

Posted by FCS Deepak Pratap Singh 29 August 2024 216 Views

In the given case, the retrospective restatement has no effect on the information in the balance sheet at the beginning of the preceding period (i.e., 1st April 2021). Therefore, PQR Ltd. is not required to present a third balance sheet.



Valuing Securities Using the Option Pricing Method

Posted by ValuGenius Advisors LLP 28 August 2024 278 Views

The option pricing method (OPM) is a widely used approach for allocating equity value to various securities within the intricate capital structures of privately held companies.



IBBI's New Proposal: Streamlining MSME Resolution with Registration and Disclosure Reforms

Posted by CS Peer mehboob 28 August 2024 188 Views

On August 23, 2024, the Insolvency and Bankruptcy Board of India (IBBI) introduced a discussion paper proposing crucial amendments to the IBBI(Corporate Insolvency Resolution Process) Regulations, 2017 (CIRP Regulations).



Case Study: Revenue Recognition

Posted by FCS Deepak Pratap Singh 28 August 2024 499 Views

The entity ABC is a public limited company domiciled in India. The Government of India holds 52% in the paid-up equity capital of the company as of 31st March, 2023



Potential Changes in GST Slabs: 12% vs 18% GST Slabs

Posted by Sachin 28 August 2024 1764 Views

A ministerial group is thoroughly reviewing GST rates in the 12% and 18% brackets. Decisions on potential changes are expected by the end of September.



GST Taxpayers Without Valid Bank Account to Be Barred from Filing GSTR-1 from 1st September

Posted by Sachin 27 August 2024 1961 Views

From September 1, 2024, GST taxpayers must have a valid bank account linked to their GST registration to file GSTR-1.



Buyback of Shares - Process and Taxation

Posted by CS Akansha Rathi 27 August 2024 1571 Views

The buyback of shares is a corporate financial strategy where a company repurchases its own shares from existing shareholders. This process reduces the number of outstanding shares, thereby increasing the ownership stake of remaining shareholders.



Unpaid and Unclaimed Dividend - Treatment and Transfer to Investor Education and Protection Fund IEPF

Posted by Affluence Advisory 27 August 2024 651 Views

The shareholders in a Company except a Company registered under Section 8, are eligible to get a portion of the Company's profit depending on the number of shares held, this is known as a dividend. It is a distribution of gains by a Company to its members/shareholders.



Removal of Auditors under the Companies Act, 2013: A Comprehensive Legal Analysis with Case Law

Posted by CS Akshi Jain 26 August 2024 1866 Views

This article provides an exhaustive legal analysis of the process and conditions for the removal of auditors under the Companies Act, 2013, supported by relevant case law that elucidates the application and interpretation of these provisions.




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