CAclubindia Articles


5 financial issues that you should pay attention to in September

  CA Aakarsh Jain    07 September 2022 at 08:51

There are several significant changes coming up in September that will affect your savings, regardless of whether you pay income taxes, use debit cards for regular purchases, or participate in the national pension system.



Sphere of Section 146

  CS Dharmesh Vankar    07 September 2022 at 08:51

There are many untouched provisions of the Companies Act, 2013 ("the Act") wherein not much emphasis or clarification has been furnished by the appropriate authority or any respected professional. Section 146 of the Act is one of them.



Amendments to Companies Rules 2014

  Poojitha Raam    06 September 2022 at 08:39

Ministry of Corporate Affairs vide its notification dated 5th August 2022 has amended the Companies (Accounts) Rules, 2014 regarding availability of books of account and other relevant books and papers maintained in electronic mode at all times and also details of person in control, if service provider is located outside India.



Important Updates and Due Date Compliances under GST for Sept 2022

  Tarun Kr. Gupta    05 September 2022 at 15:37

Important clarifications / amendments issued by the Government on GST in August / September 2022 along with compliance timelines in September 2022.



Case study on SEBI (SAST) Regulations 2011

  FCS Deepak Pratap Singh    05 September 2022 at 14:31

Irrespective of acquisition or holding of shares or voting rights in a target company, no acquirer shall acquire, directly or indirectly, control over such target company unless the acquirer makes a public announcement of an open offer for acquiring shares of such target company in accordance with these regulations.



Cash transactions and its income tax implications

  CA Umesh Sharmapro badge    05 September 2022 at 13:50

Mahalaxmi Festival is celebrated with great enthusiasm by the taxpayers and the taxpayers ensure that the proper preparations and arrangements are made for arrival of Goddess Mahalaxmi. Along with this the taxpayer should keep in mind the provisions while dealing in cash.



Section 186 of the Companies Act, 2013 - Need for a judicial review in certain areas

  Ramaswami Kalidas    05 September 2022 at 12:39

As compared to its predecessor clause, the present Act is inflexible for several reasons. For one any loan/investment made into a wholly owned subsidiary will be included for the purpose of determining the thresholds prescribed.



Whether the condition of pre-deposit of 20% tax is a mandate for entertaining stay application per se?

  Adv. Ravish Bhatt, ADIT, CIOT    05 September 2022 at 10:11

In terms of modified instruction No. 1914 dated 21.03.1996 issued by CBDT, payment required to be made by the assessee as a precondition for stay of demand disputed before CIT(A) is 20%.



Revenue Leakage Audit of Banks

  CA Ramanujan Sharma    05 September 2022 at 08:49

In this article author has tried to throw some light on the procedure to be followed while conducting Revenue Leakage audit in a brief manner.



Notices on Foreign Relief Disallowance (FCRA)

  Taxblock    05 September 2022 at 08:49

The FCRA license is a mandatory registration granted to an NGO or any other nonprofit making organization which allows them to receive funding from abroad.