CAclubindia Articles

Maintenance of Books of Accounts

CA.R.S.KALRA 10 November 2021 at 10:07

Section 44AA(1) prescribes compulsory maintenance of such books of accounts and other documents which will enable the AO to compute the total income in accordance with the provisions of the Income Tax Act.

All about the Paytm IPO - The Biggest IPO in History of India

Neethi V. Kannanth 10 November 2021 at 09:34

Paytm is available at a price of Rs 2,300 in the grey market, a premium of Rs 150 or 7 percent over the upper price band of Rs 2,150 per share, as per the IPO Watch.

Tax Saving Investment option available to Salaried Individuals

Rishabh Khandelwal 10 November 2021 at 09:31

The most important section in Income Tax Act, 1961 that lays down various products/options available to taxpayers is Section 80C. The total admissible deduction under Section 80C is Rs.150,000.

Conversion Procedure for Section 8 Company

CS Rajnish Pandey 10 November 2021 at 09:30

As per Rule 7(1) of the Companies (Incorporation) Rules 2014, a Section 8 Company cannot be converted into a One Person Company. It can only be converted into a Private Company or Public Company.

When Life Hits Rock Bottom

CA Anurag Sharma 10 November 2021 at 09:30

Life is tough. Just remember one thing, "You can fail and you will fail, but you won't remain a failure if you decide to make a comeback".

Corporate Communique - October 2021

FCS Deepak Pratap Singh 10 November 2021 at 09:30

This communique is an attempt to share with readers various circulars, notifications, guidelines etc., issued by the Government, SEBI, MCA, RBI and IRDAI during the month of October 2021.

A glimpse of CA final Paper 6B - FSCM

CA Raksha Shree 10 November 2021 at 09:30

The elective paper is a soothing one as anyone will manage to clear the line even if we allocate just one fifth of the study time as compared to other subjects...

All about Annual Information System

Susmita Dutta, CA , CPA 10 November 2021 at 09:30

The new AIS is related to interest, dividends, securities, transactions, mutual fund transactions, foreign remittance information. The information is processed to eradicate duplicity of information.

Section 206AB and 206CCA - Special Provision for Deduction/Collection of TDS/TCS for non-filers of ITR

CA.R.S.KALRA 09 November 2021 at 16:10

The new sections 206AB and 206CCA are inserted via Finance Act, 2021 which provides for a higher rate of TDS/TCS to be applied if the transactions are done with the non-filers of the Income Tax Return.

Financial Statements under Indirect Taxes

CA Akshay Hiregange 09 November 2021 at 15:42

Interpreting and analyzing Financial Statements by keeping in mind GST, Customs, FTP rules and regulations, helps to focus on critical areas, reduces costs and results in client satisfaction.