CAclubindia Articles

Time Travel of Avengers Endgame Visualised in Income Tax Act

Mayank Mohanka 19 May 2022 at 08:50

AY 2016-17, AY 2017-18: Fresh Notice u/s 148 can be issued in these cases, with the approval of the specified authority, since they are within a period of three years from the end of the relevant assessment years.

FAQs on PAS-6

CS Divesh Goyal 18 May 2022 at 08:44

The article lists down some important FAQs on PAS-6

Notices for non-appointment of Cost Auditors for 2017-18 being issued by Cost Audit Branch of MCA

CMA Navneet Kr Jain 17 May 2022 at 15:46

Though Companies Act mandated the maintenance of Cost Records and Cost Audit for companies fulfilling certain criteria, however, the companies used to ignore the mandate by simply mentioning in the Director's Report and CARO report that Section 148 is not applicable.

Different kinds of Trademark and Trademark Application Process

InstaFiling Team 17 May 2022 at 08:43

A trademark can be thought of a name, a phrase, a logo, or even a sound that uniquely identifies your brand and distinguishes it from your competitor's. A trademark can be for both product and/or service.

Section 139(8A) of IT Act: ITR-U (Updated Income Tax Return)

CA Piyush Agarwal 16 May 2022 at 16:23

The government introduced the concept of updated return in income tax in the Union Budget 2022. The new provision allows the taxpayers to update their ITRs within two years of filing, on payment of additional taxes, in case of errors or omissions.

New Age Tech Companies: Time to Avoid or Give it a Miss?

CA Ranganatha Achar K 16 May 2022 at 11:26

The argument put forward by NATC is that the present loss will be converted into Potential profitability with the expansion of the market and customers base and the accruing potential realization into sales and eventual profitability, but the period of conversion from the potential transaction to the profitable transaction is a question mark?

Preparation Of Financial Statement Of General Insurance Companies And Amended Provisions Of Insurance Laws (Amendment) Act 2015

FCS Deepak Pratap Singh 16 May 2022 at 09:12

The Insurance Amendment Act of 1950 abolished Principal Agencies. However, there were a large number of insurance companies and the level of competition was high. There were also allegations of unfair trade practices. The Government of India, therefore, decided to nationalize insurance business.