CAclubindia Articles

Essential Documents and Procedures for Income Tax Audit: A Simplified Guide

Rashmi 29 August 2023 at 15:26

For income tax audit purposes, individuals with business or professional income must maintain specific documents to ensure accurate reporting and prevent tax evasion. This helps the government collect revenue fairly and scrutinize complex financial transactions.

Whether Financial Statement can be approved in Board Meeting through VC?

CS Divesh Goyal 29 August 2023 at 14:12

In this article, the author shall discuss the Quick bites on Whether Financial Statements can be approved in Board Meetings through Video Conferencing.

Data Protection Bill And What Issues Common Indian May Face

Someswar Roy 29 August 2023 at 11:51

All you need to know about the much coveted digital personal data protect act 2023 and the issues that the indian citizenry may face in the light of the right of privacy, overriding private consent etc.

Case Study on Directors & Officers Liability Insurance

FCS Deepak Pratap Singh 29 August 2023 at 10:00

D & O policies can take different forms, depending on the nature of the organization and the risks it faces, so it's best to seek out an insurance company with deep experience in this specialized field

FAQs: Clause 44 of Form 3CD of Tax Audit Report

Nitin Bhuta 29 August 2023 at 09:49

Clause 44 in Form 3CD under Section 44AB of the Income Tax Act 1961 - Updated FAQs

The Ultimate Guide to Buying Shipping Containers

Shivani 29 August 2023 at 08:54

If you're considering buying a shipping container this comprehensive guide will walk you through every aspect of the process from understanding the types and sizes available to making an informed purchase decision.

Latest FAQs for Form 27C

Shree 29 August 2023 at 08:54

Functionality for Revision of Form 27C is now available on e-Filing portal. Refer latest FAQs

First Auditor: Process to Appoint the Auditor

Ishita Ramani 29 August 2023 at 08:54

Detailed information regarding the process for appointing an auditor and the first auditor for a company will be provided in this article.

Understanding Recent Income Tax SMS: Form 60 and Reporting Entities

Rashmi 29 August 2023 at 08:54

Recently, many taxpayers have received a text message from the Income Tax Department. This message states that the department has noticed specific transactions reported in Form 60/61 for the financial year 2021-22.