CAclubindia Articles

Unified Pension Scheme (UPS)

CA Suresh Kumar Agarwal 26 August 2024 at 08:32

Under the new scheme, staff will receive 50 percent of the average basic pay of their last 12 months before retirement as a pension; provided they have served for a minimum of 25 years.

Secure Your Future: National Savings Certificate (NSC) Benefits, Pension Strategy and Tax Advantages

Sachin 26 August 2024 at 08:32

This guide highlights the benefits of NSC, including tax advantages and a strategy to create a pension-like income, emphasizing its value as a stable, secure investment option.

Handling Accounts Department - Key Points

Chhaviraj Joshi 24 August 2024 at 08:31

This article enumerates a few points or habits that, if you cultivate them in your daily work as a CA, finance, audit, or tax professional, will definitely help you to complete the tasks assigned to you by the company, firm, or partner in a timely manner along with expected quality results.

Surge in Defective ITR Notices: Understanding the Reasons Behind the Increase

Sachin 24 August 2024 at 08:25

In recent times, many taxpayers have reported receiving defective Income Tax Return (ITR) notices from the tax department. This uptick (increase) has raised concerns and questions about why such notices are becoming more common.

Guarantee under GST

CA Amit Harkhani 23 August 2024 at 09:54

MEANING OF GUARANTEEGuarantee has not been defined in the GST Law. The reference is to be taken from the Indian Contracts Act, 1872. Guarantee is defined under ..

The Process of Management Transition Following NCLT Approval of a Resolution Plan

CS Akshi Jain 23 August 2024 at 09:32

This article outlines the procedures, legal requirements, and practical steps involved in the management transition of a corporate debtor.

GST Amnesty Scheme August 2024: Preparation & Issues

Vivek Jalan 23 August 2024 at 08:44

The GST Amnesty Scheme has been Enacted Vide Finance (No. 2) Act 2024 (No. 15 of 2024) dated 16th August, 2024.

LLP Registration Explained: Key Points and Procedures

Member (Account Deleted) 23 August 2024 at 08:44

An LLP combines the advantages of a partnership and a corporation. It provides limited liability protection to its partners, meaning personal assets are protected from business debts and liabilities.

The Importance of Annual Customer Balance Confirmations

Sachin 23 August 2024 at 08:44

In the realm of business and finance, maintaining accurate records and ensuring transparency with customers is crucial. One practice that plays a significant role in this is the annual customer balance confirmation.

Basic and Universal Concepts in Auditing

Chhaviraj Joshi 22 August 2024 at 14:10

In this article, I will share some of the fundamental building blocks related to Auditing. These are universal concepts and apply to all organizations irrespective of legal form or size.