CAclubindia Articles

Non Registration Of Charge With ROC - May Deprive You From Position Of Secured Creditor

FCS Deepak Pratap Singh 30 October 2021 at 09:33

'Charge' was not registered as per the provisions of Section 77 (1) of the Companies Act, 2013 and as envisaged under the IBC 2016, hence the Creditor cannot be treated as a 'Secured Creditor'.

Whether Grant By Holding Company To Its Subsidiary Treated As Revenue Receipt

FCS Deepak Pratap Singh 30 October 2021 at 09:33

The Appellate Tribunal held that the grant received was not taxable as revenue receipt since the said grant was given to recoup the losses incurred by the assessee and was hence, in the nature of capital contribution.

Summary of TDS provisions in GST

Abhishek Raja 30 October 2021 at 09:33

TDS is to be deducted at the rate of 2% on payments made to the supplier of taxable goods/services, where the total value of such supply, under an individual contract, exceeds Rs. 2,50,000.

Interesting Issues in the Presumptive Taxation Scheme - Part VII

CA.R.S.KALRA 29 October 2021 at 10:04

A firm having zero income is not liable for tax audit under section 44AB. It does not make any difference that the loss is after deducting the salary and interest to partners.

Importance of critical thinking

Abhishek Panegal 29 October 2021 at 09:38

If learning is made a lot more creative, and we are taught to apply minds then we will be able to develop the art of 'critical thinking. It is certainly the need of the hour.

Role of Chartered Accountants to Indian Economy

Tushar Pahade 29 October 2021 at 09:37

A rational person can see the presence of CAs in any field. Whether budget planning, tax planning, bookkeeping, investment accounting, or financing etc, requirements for auditors exist in all areas.

How much are CAs paid in India?

Sazal Sharma 28 October 2021 at 16:03

A CA can earn up to 75 lakhs per year in the present (post-pandemic) circumstances, with the lowest packages being around 5-6 lakhs per year.

Famous Quotes by Prominent Figures Regarding the CA Course

Poojitha Raam 28 October 2021 at 09:52

From passing the entrance exam, training as an article, clearing the next two levels of the course, one has to go through a lot to become "A Proud Chartered Accountant".

Highest Paying companies for young CAs

Neethi V. Kannanth 28 October 2021 at 09:49

As per ICAI, the average salary of a CA in the campus placement, held in Feb-March was Rs 8.40 lakhs p.a. The highest salary package offered was 22.30 lakhs p.a.

Self Assessment under Sec 140A of the Income Tax Act, 1961

Ritik Chopra 28 October 2021 at 09:49

Tax calculated under self assessment is required to be deposited by the assessee before submitting an ITR. The tax so paid shall be adjusted towards the tax liability as ascertained on regular assessment.