CAclubindia Articles

How to File ESIC Return?

Posted by Ishita Ramani 22 January 2024 941 Views

Employees State Insurance (ESI) is administered by the Employees State Insurance Corporation (ESIC) which is a government organization. The program primarily provides financial and medical assistance to workers and their families.

Ram Mandir Donations: Deduction Allowed under Section 80G?

Posted by CA Aman Rajput 22 January 2024 10222 Views

This article aims to guide you through this maze, shedding light on the tax implications of your Ram Mandir donations.

A Delhi HC Order Paves Way for Swift GST Refund Adjudication

Posted by CA Divyajeet Singh Sabharwal 22 January 2024 2044 Views

For many taxpayers seeking refunds under the Goods and Services Tax (GST) regime, delays and bureaucratic hurdles can feel like an endless maze. But a recent ray of hope emerged from the Delhi High Court, offering a potential escape route with its directive in one of the case.

Financial Realities: Analyzing MSME Dues Disallowance Post Budget 2023

Posted by Ashwin Jain 20 January 2024 6649 Views

Amendment in Section 43B of Income Tax Act, 1961 (Certain expenses to be allowed on payment basis) by insertion of new clause (h) with effect from 01.04.2024

Bombay High Court dissects taxability on 'accrual' concept, when a dispute is under judicial purview

Posted by Vivek Jalan 20 January 2024 1184 Views

Mesne profits, which are yet to be determined, do not come within the purview of an accrued income for the purposes of Section 4 and 5 of the Income Tax Act till the judgment regarding civil dispute was rendered in this regard.

Analysing AO making additions on Peak Purchase Credit

Posted by CA Divyajeet Singh Sabharwal 20 January 2024 488 Views

This judgment, with far-reaching implications for taxpayers and tax authorities, warrants a closer look through the lens of its implecations and detailed analysis.

Committee of Creditors: An Institution of Public Faith under the Insolvency and Bankruptcy Code

Posted by CS Peer mehboob 20 January 2024 517 Views

This article delves into the provisions of the IBC to explore the crucial role of the CoC and its inherent need for ethical conduct.

Unveiling Professional Misconduct: NFRA's Order on Seya Industries Limited's Statutory Audit

Posted by CA Kunal Jain 19 January 2024 788 Views

In a recent development, the National Financial Reporting Authority (NFRA) has issued a consequential order shedding light on the statutory audit of Seya Industries Limited for the financial years 2018-19 and 2019-20.

Non-filing of ITR can lead to prosecution

Posted by Vivek Jalan 19 January 2024 4789 Views

Taxpayers are now witnessing a new era where economic offenses are no more taken with an attitude of "Letting things be". Tax Professionals should also change accordingly and ensure that tax compliances are in order.

Clash of Claims: How Mobilox v. Kirusa Reshaped India's Insolvency Landscape?

Posted by CS Peer mehboob 19 January 2024 926 Views

In the bustling world of Indian business, the Insolvency and Bankruptcy Code (IBC) acts as a vital safety net, offering distressed companies a chance to restructure and bounce back.