CAclubindia Articles

Understanding IND AS 1: Presentation of Financial Statements

Posted by CA Sanat Pyne 06 April 2023 5974 Views

The Indian Accounting Standards (IND AS) were introduced in India in 2015, to bring greater transparency and consistency to financial reporting. One of the key standards is IND AS 1 - Presentation of Financial Statements.

Mandatory Audit Trail in Accounting Software: A Game-Changer for Corporate Governance

Posted by Rashmi 06 April 2023 13671 Views

An audit trail is a documented record of the sequence of activities and events that are associated with a specific transaction, process or system.

Functions of a Wholly Owned Subsidiary Company

Posted by Ishita Ramani 05 April 2023 2186 Views

A wholly owned subsidiary is a company with 100% of its shares owned by another corporation, which is the parent company. A parent company can acquire a wholly owned subsidiary or create one through a split-off.

FAQs on IND AS 1

Posted by CA Sanat Pyne 05 April 2023 1661 Views

IND AS 1 is the Indian Accounting Standard that sets out the rules for the presentation of financial statements.

Top 10 Amendments in GST in February and March 2023 which will impact your business

Posted by CA Shruti Singhal 05 April 2023 17752 Views

Top 10 Amendments in GST in February and March 2023

Section 129: Detention, Seizure and Release of goods and conveyance in transit

Posted by Harsh Kaushik 05 April 2023 8506 Views

Section 129 talks about detention, seizure and release of goods and conveyance in transit where the intent of taxpayer is to evade tax payment.

TATA Technologies IPO: All you need to know

Posted by Shakshi Choraria 05 April 2023 6815 Views

After almost 19 years form the IPO of TCS in June, 2004, TATA Group has come up with the IPO of Tata Technologies, a subsidiary of Indian carmaker Tata Motors.

Company Law for Independent Director

Posted by Affluence Advisory 05 April 2023 8886 Views

According to u/s 149(9) of companies act, an independent director shall not be entitled to any stock option and receive any remuneration by way of a fee provided under section 197 sub section 5, reimbursement of expenses for participation in a board and other meeting and profit related commission as may be approved by the members.

Maximizing Your Returns with PPF: Tips and Tricks

Posted by Rashmi 05 April 2023 13160 Views

Public Provident Fund (PPF) is a highly sought-after investment option for building a long-term retirement fund due to its low risk, moderate returns, and added tax benefits

TDS on sale of property under migrated E-filling portal

Posted by CA CMA Sagar Jaiswal 05 April 2023 13062 Views

As per section 194 IA of Income tax Act, 1961, TDS is applicable on sale of immovable property, if the consideration of property exceeds or equal to Rs. 50,00,000/- (Rs. Fifty lakhs). The rate of tax under the above section is 1% which is to be deducted and need to be deposited by buyer.