CAclubindia Articles

Scope of Accounting in Small vs. Large Business

Posted by Ishita Ramani 01 October 2024 499 Views

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.

How Asset Reconstruction Companies in India are transforming the Bad Loan Landscape

Posted by Affluence Advisory 01 October 2024 287 Views

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.

Archived GST Return Data Restored - Don't Miss Out

Posted by Mitali 30 September 2024 522 Views

GST Return Data which have been archived earlier it has been restored now.

Income Tax Updates: 6 Budget 2024 Rules Effective 1st October

Posted by Chaitra Seetharam 30 September 2024 3569 Views

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

Posted by CA Arun Tiwari 30 September 2024 267 Views

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

Posted by Ramesh Agrawal (LL.B , CA) 30 September 2024 11681 Views

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.

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

Posted by Niyati 28 September 2024 504 Views

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

Posted by Mitali 28 September 2024 5660 Views

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

Financial Concurrence in Public Sector Undertakings (PSU)

Posted by CA S K Mishra, FCA, FCMA , MBA 28 September 2024 1173 Views

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).