CAclubindia Articles

Self Assessment Tax & Additional Income Tax: Updated Return u/s 139(8A) Read With Section 140B

Posted by Latish Alwani 08 April 2023 9659 Views

Self Assessment Tax & Additional Income Tax

Ind AS 116: Brief overview on Ind AS 116 - Leases

Posted by Hardik 08 April 2023 288019 Views

Ind AS 116 sets out the principles for the recognition, measurement, presentation, and disclosure of leases.

Additional Tax under section 140B

Posted by Neethi V. Kannanth 08 April 2023 123591 Views

A new section 140B has been proposed in the Union Budget,2022. If an assessee opts for filing the return under newly proposed section 139(8A), an additional tax is required to be paid under Section 140B.

Digital Plumbing: How Accountants Can Step Back from Data Entry and Make Huge Leaps in Productivity

Posted by Suhasini

08 April 2023 4120 Views

As the name suggests, digital plumbing serves a similar role to the plumbing system that you ﬁnd in a house. Just as a home plumbing system directs the ﬂow of water through pipes, a digital plumbing system directs the ﬂow of information between all the apps that organisations use to run their business processes.

Section 73 of CGST Act 2017

Posted by Harsh Kaushik 08 April 2023 10526 Views

Section 73 talks about the determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilized for any reason other than fraud or any willful-misstatement or suppression of facts.

FAQs on IND AS 16

Posted by CA Sanat Pyne 08 April 2023 3980 Views

IND AS 16 is a standard that sets out the accounting treatment for property, plant, and equipment. It provides guidance on the recognition, measurement, and disclosure of such assets.

Auditor's Responsibility in respect of Audit Trail effective from 1st April 2023

Posted by CA Praveen 08 April 2023 23120 Views

Applicability of Account Rules will commence on or after April 1, 2023.

NPS vs OPS: Why NPS is the clear winner for retirement planning

Posted by Rashmi 08 April 2023 5535 Views

The Finance Ministry has set up a group to review the pension system for government workers. The committee will be led by Finance Secretary T V Somanathan and will suggest ways to improve pension benefits for government employees.

Automated Controls and Audit Trail

Posted by CA Amrita Chattopadhyay 07 April 2023 7803 Views

Finance & Accounting field has seen a shift change in the last two decades. From basic manual-driven cars to cruise controls, and thereafter autonomous crui...