CAclubindia Articles

Corporate Compliance Calendar for the m/o March, 2022

CS Lalit Rajput 07 March 2022 at 08:45

This article contains various Compliance requirementsfor the Month of March, 2022 under various Statutory Laws. Compliance means "adhering to rules and regulations."

All about Banking Regulations Act, 1949

Aarti Maurya 07 March 2022 at 08:35

Banks are vital to the prosperity and well-being of any society or country. Banks enable a society to create the platform for the satisfaction of wants of its people by managing and maintaining the flow of money to carry out transactions.

India - The Third Largest Unicorn Hub

CA Aayushi Gupta 07 March 2022 at 08:35

India has now become the 3rd largest unicorn hub in the world and surpasses even major countries such as the UK, Germany, France, and more.

The Law of Happiness

CA Aayushi Gupta 07 March 2022 at 08:35

The purpose of life is to provide service to others. We don’t have to indulge ourselves in the worldly drama of competition and race. We don’t have to become somebody or achieve some title to get love and affection.

The new concept of Small LLP

CA Puja Sharma 05 March 2022 at 17:33

The main objective behind the introduction of this new class of LLP is to aid small LLP businesses in the ease of doing business in India. The Government has taken various steps in recent years to ease out the difficulties faced by the businesses in India.

Why is it important to consider cyber risk in risk assessment procedure during audit

CA Amrita Chattopadhyay 05 March 2022 at 11:16

The importance of cyber risk assessment has increased manifold due to the pandemic. Some of the cyber threats which has developed over the last two years during the pandemic were the ransomware where the attack has increased by 150% due to the "Work from home" culture.

Whether sub-leasing of properties will be taxable in PGBP or income from house property

FCS Deepak Pratap Singh 05 March 2022 at 08:46

Whether Income from Sub-leasing of properties will be considered as Income from Profits and Gain from Business or Profession (Section 28) or Income form House Property (Section 22).

Assessment under provisions of Section 153A of IT Act, 1961

FCS Deepak Pratap Singh 04 March 2022 at 12:15

SOME IMPORTANT FACTS RELATED TO ASSESSMENT UNDER SECTION 153A OF THE INCOME TAX ACT, 1961

Can GAAR override DTAA?

Mayank Mohanka 04 March 2022 at 08:39

In this article, I am making an honest and sincere attempt to find a plausible, logical and well-reasoned answer to this complicated question, analysing the applicable provisions of the Constitution of India, the Income Tax Act, 1961

Introduction of E-Bill system in government departments

CA Puja Sharma 04 March 2022 at 08:39

In the budget 2022, the Finance Minister announced a new concept of the E-Bill processing system to be implemented in the government departments. The goal is to bring more transparency, efficiency, and end-to-end digitization to the government payment system.