CAclubindia Articles


All About Promissory Note

  Neethi V. Kannanth    15 September 2022 at 14:25

A promissory note is a legal and financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified date in the future.



Revised Form DPT-3 for exempted deposits

  Shashikant Sharma    15 September 2022 at 14:17

The revised part of Form DPT-3 mainly deals with Deposit accepted from Public. One significant change in respect of exempted deposits has also been made in the Form.



Mismatch Of TDS With 26AS

  Taxblock    15 September 2022 at 08:49

Mismatch of TDS refers to the situation when the details of Form 16 and Form 26AS differ from each other.



A big relief by Supreme Court to taxpayers regarding GST Transitional Credit

  CA Umesh Sharmapro badge    14 September 2022 at 14:07

CBIC issued Circular No. 180/12/2022-GST on 9th Sept,2022 following the judgement of Hon ble Supreme Court in the case of Union of India vs. Filco Trade Centre Pvt. Ltd. with respect to guidelines for filing/revising TRAN-1/ TRAN-2.



Case study on Companies Act

  FCS Deepak Pratap Singh    14 September 2022 at 10:28

Amiysam Ltd. is an unlisted public company, registered under GST, incorporated since 2010, with seven directors on its board, and is engaged in the manufacturing and selling of chemical products through its several units across the country. It also exports its chemical products to certain European & Middle East countries



Scrutiny of Taxpayer by Income Tax Department

  Taxblock    14 September 2022 at 08:50

The scrutiny aims at providing an opportunity of being heard to the accuracy of the return through documentary evidence.



CA to BA - And someday back to CA!

  Roohani Deshpande    14 September 2022 at 08:50

ll it takes is belief in oneself to achieve the seemingly impossible, and the commitment to keep moving in the direction of one's goals in life; I wish everyone has the courage to think beyond the limitations which society places on our options and keep moving forward, always.



Liabilities of the Auditor under Companies Act 2013

  Neethi V. Kannanth    13 September 2022 at 08:59

When a person who has engaged an auditor, has suffered some loss, damage or detriment due to non-performance of duty by such auditor in accordance with the accepted professional standards, it shall give rise to the liability of the auditor.



Effects on Goods Transport Agency due to recommendation of 47th council Meeting

  CA. Heet Shah    13 September 2022 at 08:59

The terms GTA has not been defined under GST Act, 2017, GST Rules. It is presently defined under the Notification No. 12/2017- Central Tax (Rate) and Notification No. 9/2017-Integrated Tax (Rate) both dated 28-6-2017.



Income tax raid and rights of an assessee during the raid

  Taxblock    13 September 2022 at 08:58

An income tax raid is an operation of search and seizure which is conducted by the income tax department on the business or residential premises of taxpayers with an objective to reveal all the undisclosed income of the assesses.