CAclubindia Articles

NFRA Order Reveals Major Lapses in Audit Conducted by CA Rakesh Puri

Posted by Rashmi 31 May 2023 4546 Views

The National Financial Reporting Authority (NFRA) recently issued an order highlighting significant deficiencies in the audit conducted by CA Rakesh Puri, who served as the Engagement Partner (EP) for the statutory audit of Sun and Shine Worldwide Limited (SSWL).

An Overview On: e-Appeals Scheme 2023

Posted by CA RN Mohil 31 May 2023 7945 Views

The Income Tax department has introduced the e-Appeals Scheme, a significant development aimed at streamlining the process of filing and processing appeals through electronic means.

10 inspirational quotes for Chartered Accountants

Posted by Avinash Jeevan Dsouza 30 May 2023 680059 Views

CA means Challenge it, Achieve it, Loop it. I am a Chartered Accountant

MOC - Memorandum of Changes

Posted by Rahul ojha 30 May 2023 113416 Views

MOC- MEMORANDUM OF CHANGES, more often referred to as MOC is an important document enclosed with the Bank Audit Report whenever the Auditor observes significant issues affecting the Financial Statements of the Bank.

RBI Annual Report: 2022-23

Posted by Dharmendra 30 May 2023 6514 Views

The global economy faced challenges in 2022 due to geopolitical tensions and tightening financial conditions. However, after the Omicron wave and successful vaccination efforts, the global economy showed resilience.

Analysis on new GST rate for works contract services w.e.f 1st January 2022

Posted by Mukesh Kuriyal 30 May 2023 418226 Views

Government Has Amended Tax Rate For Service Provider Providing Works Contract Services From 5%/12% To 18% Vide Notification No 15/2021 C.T(Rate) Dated 18.11.2021 Amending Notification No 11/2017 C.T.(Rate) W.E.F 01.01.2022.

Annuities and Taxes: How Annuities are Taxed and Tax Strategies for Annuity Holders

Posted by Suhasini

30 May 2023 4423 Views

In this article, we'll dive into the details surrounding taxation strategies for annuity holders and explain why understanding these strategies is essential when investing in an annuity. We'll also discuss how different types of annuities can impact your taxes and what you need to know about filing taxes on your investments when using them for retirement planning purposes.