CAclubindia Articles

Analysing AO making additions on Peak Purchase Credit

Posted by CA Divyajeet Singh Sabharwal 20 January 2024 485 Views

This judgment, with far-reaching implications for taxpayers and tax authorities, warrants a closer look through the lens of its implecations and detailed analysis.

Committee of Creditors: An Institution of Public Faith under the Insolvency and Bankruptcy Code

Posted by CS Peer mehboob 20 January 2024 515 Views

This article delves into the provisions of the IBC to explore the crucial role of the CoC and its inherent need for ethical conduct.

Unveiling Professional Misconduct: NFRA's Order on Seya Industries Limited's Statutory Audit

Posted by CA Kunal Jain 19 January 2024 782 Views

In a recent development, the National Financial Reporting Authority (NFRA) has issued a consequential order shedding light on the statutory audit of Seya Industries Limited for the financial years 2018-19 and 2019-20.

Clash of Claims: How Mobilox v. Kirusa Reshaped India's Insolvency Landscape?

Posted by CS Peer mehboob 19 January 2024 921 Views

In the bustling world of Indian business, the Insolvency and Bankruptcy Code (IBC) acts as a vital safety net, offering distressed companies a chance to restructure and bounce back.

India's Economic Landscape at 75: A Reflective Journey Through Demonetization and Currency Recall

Posted by CA Aman Rajput 19 January 2024 508 Views

As India marks its 75th year as a Republic, it's opportune to reflect on the transformative journey of its economy from a struggling, third-world nation to the world's sixth-largest economy. Against the backdrop of global economic challenges exacerbated by the COVID-19 pandemic and geopolitical tensions, India's GDP stands resilient, growing at a promising 6.1%.

Lifting the veil on taxability of Gift Vouchers: Landmark HC verdict

Posted by Affluence Advisory 19 January 2024 4165 Views

This recent Judgement passed by the Hon'ble Madras High Court has to an extent resolved the anomaly with respect to taxability of vouchers under the GST regime....

What is Trademark Clearance Certificate for Copyrights?

Posted by Ishita Ramani 19 January 2024 518 Views

In this article, we’ll explore the importance of a trademark clearance certificate, how it relates to copyright protection, and why it’s a critical step in protecting your creative works.

New Eligibility Norms for UCB Inclusion in RBI's Second Schedule

Posted by CA Divyajeet Singh Sabharwal 19 January 2024 981 Views

This article delves into the revised eligibility norms, their implications for UCBs, and the potential impact on the cooperative banking sector in India.

GST Assessment: Types and Their Significance

Posted by Ashok Pitroda 18 January 2024 5582 Views

Every registered person has to file return to the GST department. Once the person files the return, the next step is processing the return by the GST department.

Non-filing of ITR can lead to prosecution

Posted by Vivek Jalan 18 January 2024 4786 Views

Taxpayers are now witnessing a new era where economic offenses are no more taken with an attitude of "Letting things be". Tax Professionals should also change accordingly and ensure that tax compliances are in order.