CAclubindia Articles

Consequences of an Inoperative PAN: 15 Financial Transactions You Can't Do Without PAN-Aadhaar Linkage

Posted by Rashmi 05 July 2023 10296 Views

The government introduced the Permanent Account Number (PAN) to make it easier to access taxpayer information and match it with their investments, loans, and business activities. This helps detect and prevent tax evasion and broaden the tax base.

Q&A on Enterprise Risk Management Concept

Posted by TARANDEEP SINGH BHATIA 05 July 2023 2003 Views

An enterprise risk management framework refers to a structured set of guidelines that organizations use to manage risk reporting procedures.

Tax Compliance Tracker for the month of July 2023

Posted by CS Lalit Rajput 05 July 2023 10433 Views

Tax Compliance Tracker - July 2023

The FLDG Model and Fintech-Bank Collaboration in India

Posted by Affluence Advisory 05 July 2023 1998 Views

The emergence of Financial Technology providers (fintechs) has revolutionized the way in which financial services are delivered. Fintech firms have leveraged te...

Financial Due Diligence - Fictitious Revenue

Posted by Anurag 05 July 2023 2182 Views

Just like GoMechanic, Mojocare’s founders also recently admitted that they were misreporting revenue and fudging numbers, under the pressure to inflate GMV after raising $20 Mn in August 2022.

LIBOR: What, Why and Why Not?

Posted by CA Gyati Gupta 04 July 2023 3076 Views

In this article, I have tried to touch upon the concepts like what is LIBOR, why is it no longer in use, who has succeeded it. Before delving deep into this, let's see the current scenario worldwide and in India.

Importance of Internal Audit for SMEs

Posted by Sundaran.D 04 July 2023 4630 Views

This article highlights the importance of internal audit specifically tailored for SMEs and how it can contribute to their overall success.

Is Crypto Tax the Next Big Opportunity for Chartered Accountants in India?

Posted by CA Ruby Bansal 03 July 2023 2701 Views

Cryptocurrencies are an evolving landscape in India and so is crypto taxation.

Guidelines on TCS for Foreign Remittances under the Liberalised Remittance Scheme (LRS)

Posted by Rashmi 03 July 2023 3652 Views

On June 30, 2023, the Ministry of Finance released detailed guidelines regarding the applicability of Tax Collection at Source (TCS) on various foreign remittances under the Liberalised Remittance Scheme (LRS).

Appraisal of Internal Control Systems: Enhancing Efficiency and Security for SMEs

Posted by Sundaran.D 03 July 2023 1220 Views

In this article, we will explore the appraisal of internal control systems with specific reference to SMEs, highlighting its significance, key components, and best practices for implementation.