CAclubindia Articles

GST implications - Reimbursed Electricity Charges

Posted by CA Roopa Nayak 01 January 2024 11740 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 4720 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 1856 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 3142 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 4792 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.

AG (Accountant General) Certificate

Posted by Shivani 30 December 2023 8466 Views

The Accountant General is a government official responsible for maintaining financial records and ensuring the accuracy and transparency of financial transactions.

How to Detect Fake Invoices under GST

Posted by Mitali 30 December 2023 22669 Views

Fake invoices refer to documents that falsely represent a transaction between two parties, typically involving the exchange of goods or services for payment. These invoices are deliberately created to deceive and can be used for various fraudulent purposes.

Simplifying Variances Between Ind AS and AS in Inventory Valuation

Posted by CA Rakesh Ishi 30 December 2023 1076 Views

rakesh91ishi@gmail.com

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.