CAclubindia Articles

GST implications - Reimbursed Electricity Charges

Posted by CA Roopa Nayak 01 January 2024 11728 Views

BackgroundIn recent times, there has been spate of notices issued by GST dept demanding GST with interest penalty on the reimbursement of electricity charges, c...

Key Differences Between Ind AS 10 and AS 4 in Post-Balance Sheet Events

Posted by CA Rakesh Ishi 01 January 2024 4715 Views

1. Disclosure of Material Non-Adjusting Events Ind AS 10: Requires the disclosure of material non-adjusting events directly in the financial statements. AS 4: M...

12 Risks and Dangers of Artificial Intelligence (AI)

Posted by Aashok Kumar Sharma 01 January 2024 2410 Views

AI's potential dangers are increasing as it becomes more sophisticated and widespread. Geoffrey Hinton, the "Godfather of AI," and tech leaders like Elon Musk have urged a pause on large AI experiments

NFRA Flags Lapses in Walker Chandiok Audit Practices, Raising Concerns for Grant Thornton Network

Posted by CA Aman Rajput 01 January 2024 1853 Views

A recent inspection report by the National Financial Reporting Authority (NFRA) of India has thrown the spotlight on audit firm Walker Chandiok & Co LLP (WCCL), a member firm of the global Grant Thornton network.

TDS deduction under Business and Profession

Posted by anmol bohra 30 December 2023 3141 Views

The Income-tax Law implements a system of tax deduction at the moment of income generation to facilitate speedy and effective tax collection. In this system, Tax is deducted by the payer and is remitted to the Government by the payer on behalf of the payee.

All You Need To About Form 15CA and Form 15CB

Posted by Ishita Ramani 30 December 2023 4790 Views

In the course of business, it happens that many payments are made outside India. When payments are made outside India, there are certain compliances that need to be followed and tax deduction is required for any amount that is taxable under the Income Tax Act.

Simplifying Variances Between Ind AS and AS in Inventory Valuation

Posted by CA Rakesh Ishi 30 December 2023 1075 Views

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Navigating NRI Ownership of Agricultural Land in India

Posted by CA Arun Tiwari 30 December 2023 1609 Views

Navigating the intricate rules surrounding the acquisition and ownership of agricultural land in their home country can be challenging for Non-Resident Indians (NRIs) in today's fast-changing world. Many NRIs, after earning abroad, choose to invest their money back in their home country.

Last date to file Income tax return is 31st December 2023

Posted by Sparsh Wadhwa 30 December 2023 3461 Views

This article explores the importance of filing a belated return and presents a step-via-step guide on how to document it on line.

SEBI Revamps Social Stock Exchange: Increased Scrutiny, New Instruments Boost Transparency and Impact

Posted by CA Aman Rajput 29 December 2023 712 Views

The Securities and Exchange Board of India (SEBI) has announced significant changes to the framework of the Social Stock Exchange (SSE) in a move aimed at strengthening oversight, enhancing transparency, and attracting impactful social enterprises.