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CAclubindia Articles


Cost Audit and Cost Records Applicability 2024-25 & Non Compliance attracting Show Cause Notices

Posted by CMA Navneet Kr Jain 26 June 2024 3429 Views

Simple way of checking the applicability of Section 148 with regard to applicability of maintenance of Cost records or cost audit for 2024-25 is to review the financials of 2023-24 &Check the Total turnover of the Company



My income is below the basic exemption limit. Should I file a Nil Return?

Posted by Mitali 25 June 2024 1458 Views

NIL Return means when an individual filed Income Tax Return which is below the threshold limit. While it not so mandatory if you have no taxable income for the year.  But it can be beneficial for record-keeping and other administrative purposes.



Key Takeaways from 53rd GST Council Meeting

Posted by HNA and Co. LLP 25 June 2024 1648 Views

Insights into the 53rd GST Council Meeting: What You Need to Know!



Navigating Revenue Recognition: A Comprehensive Guide to IND AS 115

Posted by CA Sanat Pyne 25 June 2024 556 Views

The core principle of IND AS 115 is that revenue should be recognized to reflect the transfer of promised goods or services to customers in an amount that represents the consideration to which the entity expects to be entitled.



5 Essential Documents for NRI Property Transactions in India

Posted by CA Arun Tiwari 25 June 2024 527 Views

Today, we'll discuss five crucial legal documents or terms you need to know when buying or selling property in India.



Understand The Alteration of Share Capital, Types and Process

Posted by Ishita Ramani 25 June 2024 374 Views

In this article, we will delve into "What is Alteration of Share Capital?", "Types of Alteration of Share Capital," and "The Process for Alteration of Share Capital."



Indications of Possible Money Laundering Activities

Posted by FCS Deepak Pratap Singh 25 June 2024 193 Views

A Money Laundering is a global activity and found all over world, a money launderer earn cash or funds from smuggling, human trafficking, bribe, corruption and from anti national activities. The fund generated through these activities generally not come into mainstream and generally utilised for terrorist and anti-social activities.



Liberal GST Relaxations recommended in Sec 16(4) and Appeal in the 53rd GST Council Meeting

Posted by CA Shruti Singhal 24 June 2024 2059 Views

The 1st GST Council meeting under the 3rd term of Shri Narendra Modi's NDA government was expected to bring relief to some painful aspects of GST law, and t...



Most Popular Recommendations from 53rd GST Council Meeting!

Posted by CA Umesh Sharma 24 June 2024 526 Views

The 53rd GST Council Meeting was held on 22nd June 2024, wherein the focus was on discussing matters concerning Trade Facilitation & Providing Relief to Taxpayers. Key Recommendations made by the council like waiver of interest & penalty for a specified period & Introduction of GSTR 1A will surely be music to the ears of the taxpayers.



Closure of Company - Various Options

Posted by CMA Sawinder Singh Chug 24 June 2024 383 Views

This article aims to give bird view of the various options through which a company may be able to close/wind up its operations in India, along with the practical considerations that may be applicable while exercising these options




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