CAclubindia Articles

Guidance Note- Claim of ITC as per GSTR 2B

CA Nikhil Jhanwar 31 January 2022 at 14:02

Through this write-up, we intend to cover the intricacies of claim of ITC from practical and accounting perspective working a ready reference for your business...

Expectations from Union Budget 2022- Halwa or Mithai?

CA Umesh Sharma 31 January 2022 at 13:24

Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha. Everyone is excited for the Budget. But due to corona, "Halwa" Tradition has been discontinued and "Mithai" has been distributed.

11 Interesting Facts About Budget

Neethi V. Kannanth 31 January 2022 at 10:37

Nirmala Sitharaman is all set to announce Union Budget 2022 on 1st February. Before the budget let me bring to you some interesting facts about budget

All about International trade

Aarti Maurya 31 January 2022 at 10:06

International trade is the exchange of goods and services as well as resources between countries. A product that is sold in foreign market is called an export and a product that is bought from a foreign market is called an import.

How to understand the budget in simplest way: Contents of Annual Union Budget

CMA Navneet Kr Jain 31 January 2022 at 09:03

Through this note, an attempt has been made so that the readers could understand the overall structure of the Budget documents and areas one should immediately focus as finance/accounts/tax/costing person or as an economist.

Chartered Accountancy and Cricket

Vishal Kudve 31 January 2022 at 08:36

In this article, the author has shared some similarities between CA course and Cricket.

All About Tax Audit and Form 3CD (Part-6)

Neethi V. Kannanth 31 January 2022 at 08:36

This article is the final part of the series on the Tax Audit and Form 3CD and I’ll be discussing clause 32 to 44 through this article.

Exemption Limit (Rs. 1500 or Rs.750) under GTA - Confusing?

Lekhraj sood 31 January 2022 at 08:36

The rate of tax under forward charge is at 12% with ITC available or 5% without the benefit of ITC. Under the reverse charge, the rate is 5%.

IRDAI (Surety Insurance Contracts) Guidelines, 2022

CS Lalit Rajput 30 January 2022 at 11:54

IRDAI vide Ref. No: IRDAI/NL/GDL/SIC/01/01/2022 dated 03.01.2022, in exercise of the powers conferred under section 14 (2) (i) of IRDA Act, 1999, has issued the IRDAI (Surety Insurance Contracts) Guidelines, 2022 ("Guidelines") to regulate the business of surety insurance ("Business") in view of the unique risks and features of surety insurance.

Declaration of undisclosed income to "buy peace" does not renders an assessee immunity from initiation and levy of penalty

CA.Mohit Gupta 30 January 2022 at 10:30

Under the Income Tax Act, 1961 penalty is to be levied on the amount of "tax sought to be evaded" in respect of the concealment of particulars of income or furnishing inaccurate particulars of the income. Nevertheless, in case of SEARCH penalty is also levied in respect of "Undisclosed Income" too.