CAclubindia Articles

Enhancing Ease of Doing Business for Portfolio Managers: SEBI

Posted by CA Aman Rajput 17 February 2024 1074 Views

This article outlines various recommendations put forth by SEBI's Ease of Doing Business (EODB) working group and additional proposals aimed at streamlining processes and enhancing investor experience within the portfolio management industry.

RBI's 2024 Guidelines for Commercial Paper and Non-Convertible Debentures

Posted by Affluence Advisory 17 February 2024 1262 Views

RBI's 2024 Guidelines: Master Direction on Commercial Paper and Non-Convertible Debentures with Up to One-Year Maturity

Form 67 is directory and not mandatory to claim foreign tax credit

Posted by Vivek Jalan 16 February 2024 762 Views

It is high time that necessary amendments should be made in the Income Tax Act/Rules to incorporate the process of claiming the tax credit, where the foreign tax credit certificates are received by an assesses even after the end of the assessment year.

Accounting software must provide an audit trail feature by April 1, 2023

Posted by Akanksha Bhargava 16 February 2024 13557 Views

Companies have been granted a year to implement the Ministry of Corporate Affairs' latest change in accounting software to use the audit trail (edit log) feature. The audit trail will be mandatory for private limited firms starting April 1, 2022, according to a decision made this year.

Empower Your Accounting Practice with 3 Leading AI Technologies

Posted by Entera Global 16 February 2024 1517 Views

In this article we discuss 3 AI-driven innovations, actively used by accountants to improve the accuracy of financial data, to free up time and make accounting more efficient.

Analysis of Section 80P Deduction for Co-operative Societies

Posted by CA Aman Rajput 16 February 2024 3018 Views

In this article we will discuss the intricacies of Section 80P, drawing insights from the recent Tribunal case of Sardar Patel Co-Operative Credit Society Ltd. v. Deputy Commissioner of Income-tax, Circle-2(3) (IT APPEAL NO. 645/SRT/2023).

Demystifying Section 80GGC: A Deep Dive with Vivaan & Aahil

Posted by CA. Bhavik P. Chudasama 16 February 2024 2774 Views

The bustling cafe hummed with conversation as Vivaan and Aahil, two college buddies, debated over their tax returns. Aahil, ever the tax-savvy one, mentioned claiming a deduction under Section 80GGC, piquing Vivaan's curiosity.

Why is it important to use financial software in your business?

Posted by Ishita Ramani 16 February 2024 564 Views

In this blog, we will discuss why there is a need to use financial software in your business.

Expert Committee Proposes Voluntary Mediation in IBC Processes

Posted by CS Peer mehboob 16 February 2024 378 Views

On February 14, 2024, the Insolvency and Bankruptcy Board of India (IBBI) released a report recommending a voluntary mediation framework for various IBC processes. The expert committee, led by Dr. T. K. Viswanathan, explored the feasibility of integrating mediation into the IBC system.

Auto Calculate Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25

Posted by Pranab Banerjee

15 February 2024 24233 Views

The Minister of Finance has announced a new tax regime in the 2020 budget, including additional tax brackets and lower tax rates. Many taxpayers had long requested it, but it came with the condition that all deductions and deductions allowed under the old tax system would be revoked.