CAclubindia Articles

What is your Financial Resolution this New Year 2024?

Posted by CA Umesh Sharma 12 January 2024 2427 Views

From this new year we are starting a New Series on "Personal Finance" (Arthneeti) where we will be talking about how to manage your finances in an effective way.

Residential Status Dispute: Assessee's Victory in Tax Tribunal

Posted by Ashwin Jain 11 January 2024 3710 Views

The case involves an individual assessee whose residential status is under dispute for the assessment year 2013-14. A search and seizure action was conducted in the case of Matix (Nishant Kanodia) Group, and the assessee's case was centralized to the office of the Assistant Commissioner of Income Tax, Central Circle-5(1), Mumbai.

All about ITR-U i.e. Last chance to file ITR

Posted by CA.Sangam Aggarwal 11 January 2024 8503 Views

Taxpayers who had missed filing their ITR and in some cases taxpayer discover some omissions or mistakes in their ITR already filed and want to alter some information but they are unable to do so after 31 Dec of the next year. Income tax department under sections 139(8A) allows those taxpayers to file an updated return in prescribed form i.e ITR-U.

High Court provides relief for GSTR-3B Return Rectification

Posted by CA Umesh Sharma 11 January 2024 2604 Views

Kerala High Court on 8th December 2023, permitted the rectification of mistake in GSTR 3B filed by the petitioner in the Case of Chukkath Krishnan Praveen vs. State of Kerala, where mistakes were made in tax head while claiming ITC.

Judicial Intervention in GST Refund Dispute: A Case Analysis

Posted by CA Divyajeet Singh Sabharwal 11 January 2024 3686 Views

This article examines the key aspects of the case, analyzes the legal principles involved, and explores the implications for taxpayers navigating the GST refund process.

Case of the Uncooperative Auditor and a Lesson in Professional Responsibility

Posted by CA Aman Rajput 11 January 2024 4697 Views

Few days ago, I appealed ICAI to raise professional misconduct fund, even posted at my LinkedIn handle regarding ICAI to bring some insurance scheme to cover risks of CA from paneities and fines up to 50 lac to 1 crore with a nominal premium every year

What is Farmer Producer Organization in India?

Posted by Ishita Ramani 10 January 2024 1345 Views

According to the updated rules, FPOs can be registered under the Companies Act 2013 or the State Cooperative Societies Act, with management responsibilities required for five years of hand-holding. All the new guidelines and formation of FPO (Farmer Producer Organization) are summarized in this article.