CAclubindia Articles

Recovery under GST without issuance of SCN is not permissible

Bimal Jain 26 October 2022 at 10:41

There was amendment in sec 75(12) of the Central Goods and Services Tax Act, 2017 ("the CGST Act"), which were introduced vide the Finance Act, 2021 but brought into effect only from January 1, 2022 through Notification no. 39/2021-central tax dated December 21, 2021.

KYC - The Mess

CA Satish Badve 26 October 2022 at 08:50

KYC a simple remember & easy to understand when it reaches to my ears 15 years back. The meaning I understood is KNOW YOUR CUSTOMER. I heard the same first time in bank.

Case study on Income Tax Act 1961

FCS Deepak Pratap Singh 25 October 2022 at 08:03

State the consequences that would follow, if the Assessing Officer makes adjustment to arm's length price in international transactions of the assessee resulting in increase in taxable income.

Non-Compliances related to Auditor's Report

CA Rakesh Ishi 24 October 2022 at 08:07

It was observed that the separate section on going concern was not reported by the auditor as required by SA 570 (Revised)

Guide to Securities and Exchange Board of India (SEBI) Act 1992

CA Shubhi Khandelwal 24 October 2022 at 07:51

The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act,1992.

Some important facts related to insurance contract

FCS Deepak Pratap Singh 22 October 2022 at 08:44

In this article we are going to discuss important aspects of Insurance Contract. Main ingredients and principles on which insurance contract is generally drawn...

CBDT issues FAQs on filing of ITR Forms

Shree 21 October 2022 at 14:55

FAQs on filing of Returns

Case Study: Companies Act, 2013

FCS Deepak Pratap Singh 21 October 2022 at 08:49

Let's understand above query with a decided case law Regional Director, Southern Region and Ors. (Appellants) vs. Real Image LLP and Ors. (Respondents)NCLATCompany Appeal (AT) No. 352 of 2018.

Filing E-Form 8 for LLPs on MCA V3 Portal

Antika Mukherjee 20 October 2022 at 14:11

Pursuant to Section 34(3) of the LLP Act, 2008 and Rule 24 of Limited Liability Partnership Rules, 2009, every Limited Liability Partnership, both Indian & Foreign, are required to file a Statement of Accounts & Solvency (E-Form 8) with the Ministry of Corporate Affairs within the 30th of October of every financial year.

Small delay in depositing PF & ESI would lead to irreparable income tax loss decides Supreme Court

CA Ankit Gulgulia (Jain) 20 October 2022 at 08:53

Most of us are under an impression that depositing Provident Fund and ESI although is a regular monthly exercise but a small delay cannot impact any Income Tax Perspective since we can claim deduction of such PF and ESI Contribution if it is deposited before the Due date of Filing Income Tax Return under Income Tax Act, 1961.