CAclubindia Articles

Excess Tax Refund? How to Fix It & Avoid Penalties

Posted by Rashmi 25 August 2023 9725 Views

Received an excess tax refund? Learn how to file a revised ITR and return the extra amount to avoid penalties and interest. Act now!

Rule 88D CGST Rules: Impact on ITC Availment

Posted by Affluence Advisory 25 August 2023 25793 Views

Understand the impact of Rule 88D on your GST ITC. Learn how it affects GSTR-3B vs GSTR-2B differences and compliance requirements.

What is Schedule Assets and Liabilities (Schedule AL)?

Posted by Poojitha Raam Vinay

24 August 2023 51054 Views

Schedule AL is a statement of disclosure of assets and liabilities which the taxpayer shall disclose in the Income Tax Return (ITR). This was introduced from AY 2016-17.

IND AS 32 Explained: Financial Instruments Guide

Posted by CA Sanat Pyne 24 August 2023 31481 Views

Understand IND AS 32 for financial instruments. Learn about classification, recognition, presentation & disclosure. Essential guide for stakeholders.

Supplier Tax Default: Reversing Input Tax Credit

Posted by Affluence Advisory 24 August 2023 8715 Views

Learn about the reversal of Input Tax Credit (ITC) when suppliers fail to remit collected tax. Understand your obligations and recipient challenges under GST.

IPL Franchise Funding: How Teams Make Money

Posted by Aisha 24 August 2023 2487 Views

Discover how IPL franchise teams generate income through media rights, prize money, gate receipts, sponsorships, and merchandise sales. Learn about their financial success.

Income Tax Audits: Your Practical Guide for Professionals

Posted by Rashmi 24 August 2023 4537 Views

Understand income tax audits for businesses and professionals. Learn key dates, accountant roles, and submission deadlines to ensure compliance.

Form MGT 14: Filing Resolutions with the Registrar

Posted by Ishita Ramani 24 August 2023 1884 Views

Learn about Form MGT 14 and the types of resolutions (Ordinary, Special, Board) that must be filed with the Registrar of Companies in India. File within 30 days.

Tax Penalties: Can You Bargain with the AO?

Posted by Vivek Jalan 24 August 2023 1256 Views

Explore tax penalties under Income Tax Act. Can you agree to NIL income to avoid litigation? Learn about Section 271(1)(c) and 271D proceedings.

Accountant vs Business Accountant: Industry Insights

Posted by Shailesh Prajapati 23 August 2023 4105 Views

Discover the evolving role of accountants in industry, from compliance to strategic business advising. Learn how to become a valuable Business Accountant.