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CAclubindia Articles


Environmental, Social and Governance (ESG) - Need for an organization to attract various stakeholders

Posted by Shailesh Prajapatipro badge 18 January 2024 651 Views

ESG approach provides a comprehensive and integrated approach on sustainability which emphasize not only Environmental impact but also Social and Governance in an organization.



Condonation of Delay in Filing ITR

Posted by CA.Sangam Aggarwal 18 January 2024 5365 Views

As we know that every assessee or taxpayer has to file their Income Tax Return within time prescribed i.e. 31st July/31st October under section 139(1)/139(4) of Income Tax Act, 1961.



Claiming Exemption Under Section 54F: When Religious Use turns Residential Intent

Posted by CA Aman Rajput 18 January 2024 2571 Views

This article delves into a specific case where the assessee's claim for exemption under Section 54F was denied due to the predominant use of the building for religious purposes, namely a mosque, orphanage school, and staff quarters.



Should employees suffer incase the employer defaults in payment of TDS?

Posted by Vivek Jalan 18 January 2024 2463 Views

On 15.07.2014, Karnataka High Court in ITA 165/2012 directed the revenue authorities to recover TDS amounting to Rs.302 crores from the Kingfisher airlines. On 18.11.2016, the Kingfisher Airlines Limited was ordered to be wound up by the Karnataka High Court.



Jyoti CNC Automation Ltd: IPO Analysis

Posted by CA Divyajeet Singh Sabharwal 18 January 2024 575 Views

Jyoti CNC Automation Ltd., a name synonymous with precision engineering and industrial automation, roared onto the Indian stock market on January 9, 2024.



Supremacy Sealed: Unveiling the Impact of Innoventive Industries vs. ICICI Bank on India's Bankruptcy Landscape

Posted by CS Peer mehboob 17 January 2024 638 Views

In the intricate world of Indian business, distressed companies often stand at a crossroads, desperately seeking pathways to restructure and rise again. But what happens when conflicting legal paths emerge, throwing both companies and creditors into a labyrinth of uncertainty?



Section 43B(h) of Income Tax Act related to MSME (Small & Micro) - Very Important Amendment

Posted by CA.Sangam Aggarwal 17 January 2024 43711 Views

As per the Amendment made by the Finance Act, 2023 clause (h) shall be inserted after clause (g) of section 43B which says that if assessee makes payment to micro or small enterprises beyond the limit specified in section 15 of the MSME Act, 2006



Proportionate Leave Encashment for Ex-MPSEB Employees: A Detailed Analysis

Posted by CA Aman Rajput 17 January 2024 2174 Views

This article delves into the specific case of leave encashment for former Madhya Pradesh State Electricity Board (MPSEB) employees after its conversion into a company, analyzing the various aspects and legal arguments involved.



MSME Debt Restructuring Framework by RBI

Posted by CA Divyajeet Singh Sabharwal 17 January 2024 875 Views

A recent judgment by the Bombay High Court has shed light on a crucial nuance within this framework, clarifying the roles and responsibilities of both MSMEs and their lenders.



Different Types of Correction in TDS Return in India

Posted by Ishita Ramani 17 January 2024 10605 Views

In this article we are going to talk about the types of errors occurring in TDS returns and the corrections that can be made.




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