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Reduction of share capital is a domestic affair of a company - NCLAT

  FCS Deepak Pratap Singh    11 February 2022 at 08:35

Reduction of Capital' under Section 66 of the Companies Act, 2013 is a 'Domestic Affair' of a Company in which, ordinarily, a Tribunal will not interfere because of the reason that it is a 'majority decision' which prevails.



Opportunity for CA/CS which never existed before

  Ramanuj Mukherjee    10 February 2022 at 15:42

Is there no work for CAs and CS in all these burgeoning industries?



Union Budget 2022-23: Proposed Changes relating to Income Tax Search and Seizure Provisions

  CA.Mohit Gupta    10 February 2022 at 09:03

In the Union Budget 2022-23 through Finance Bill 2022, among other tax measures, the Hon'ble Finance Minister recommended significant changes relating to Income Tax Search and Seizure provisions, as mentioned in this article



Analysis of GSTR 9 & 9C

  Sudeep K    09 February 2022 at 15:38

The basic understanding of the adjustments, reconciliations that are to be performed while filing an annual return and reconciliation statement (GSTR 9 & GSTR 9C resp.) are covered in this article.



Which is better for a CA Student? Regular College or Correspondence?

  Suhani Ahuja    09 February 2022 at 08:53

Students frequently face a choice on whether to attend Regular College or Correspondence College. At the end of the day, the decision is yours to make, but these are the things you must consider before making that decision.



Whether non-refundable grants be considered as Capital Expenditure and not allowed as expenditure for deduction

  FCS Deepak Pratap Singh    08 February 2022 at 08:35

The appellant-Corporation, National Co-operative Development Corporation, was established under the National Cooperative Development Corporation Act, 1962 (hereinafter referred to as the ‘NCDC Act’). 



Taxation in Crypto World! Your loss is your loss and Your gain is Government's Gain!

  Member (Account Deleted)    07 February 2022 at 14:25

Krishna, Honourable Finance Minister Mrs. Nirmala Sitharaman had declared the Finance Budget of 2022-23 on 01st February in the Lok Sabha. And this year the government decided to tax Virtual digital assets (VDA) so what was the reason behind doing this?



Taxation of Virtual Digital Assets

  CA Keyur Somani    07 February 2022 at 12:45

In this blog, I have tried to explain taxation of Virtual Digital Asset and yes crypto has not been given status of currency and it’s an asset on that to I have doubt of legality as taxing something does not make it "legal" as Income Tax Act tax income from betting and smuggling, also never the less it’s another topic of debate.



Guide to fill e-form IEPF-5

  CS Divesh Goyal    07 February 2022 at 09:51

In this editorial we will discuss step by step process of the same.



How Fiscal Deficit, Revenue Deficit and other key figures prepared for Budget 2022

  Jatin Pal    07 February 2022 at 08:49

Total budgeted receipts are 39,44,909 crore out of which 56% is revenue receipts i.e revenue from tax and balance 46% is majorly from loans and borrowings. The percentage is higher than as compared to the figures related to the actuals of the financial year 2020-2021.




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