CAclubindia Articles

Importance of Articleship and the Expectations of CA Students

Suhani Ahuja 26 March 2022 at 08:58

Theoretical and practical knowledge are two separate things. Neither theoretical nor practical knowledge can be regarded as complete on their own; they must accompany each other.

Supreme Court: NCDRC cannot direct the appellant to amend complaints

FCS Deepak Pratap Singh 26 March 2022 at 08:58

The error in the order of the NCDRC was to compel the appellant to amend the complaint, as a consequence of which, it granted permission to the first respondent to file a written statement to the amended complaint.

Bank audit of working capital loan limits

Kotte Murali Krishna 25 March 2022 at 14:17

The SBA should verify the details of stock statement dated 31st March of 2021 submitted to the bank and the values of drawing power claimed therein with the values reported in audited balance sheet of 31-03-2021

Standard Operating Procedure (SOP) for Scrutiny of returns for FY 2017-18 and 2018-19

Rohit Kumar Singh 24 March 2022 at 09:01

We bring to you a summary of the instruction along with indicative list of parameters for scrutiny (though the list is indicative and proper officer may include additional parameters).

The Supreme Court of India has once again reiterated - Principles of Good Faith

FCS Deepak Pratap Singh 24 March 2022 at 09:01

The Supreme Court of India has once again reiterated one of the foundational principles of Insurance Law: Non-disclosure of material information by an Insured at the time of entering into a contract of insurance would entitle a prudent Insurer to repudiate a claim made under the underlying policy on such ground.

Just compensation under Motor Vehicles Act 1988

FCS Deepak Pratap Singh 24 March 2022 at 09:01

The Motor Vehicle Act of 1988 is a comprehensive Act that has replaced the Motor Vehicle Act, 1939. It was implemented on 1st July 1989. The first Act that came in force regulating the road transport vehicles was the Motor Vehicles Act, 1914.

Provident Fund and The Art of Making an Online PF Withdrawal

Amit Kumar 23 March 2022 at 12:31

If you're looking for "Provident Fund meaning", then you should know it is well-known with the slogan "Savings for the Future." According to the National Portal of India, any organization with 20 or more employees is mandated to register with the Employees Provident Fund Organization.

CGST department likely to commence Scrutiny of GST returns for 2017-18 and 2018-19

CMA Navneet Kr Jain 23 March 2022 at 10:39

The CGST department was gearing up all these years and providing training to its officials to undertake GST scrutinies in a professional way and now it has come up with Standard Operating Procedure.

Fraud Reporting under Companies Act, 2013 and CARO 2020

Neethi V. Kannanth 23 March 2022 at 09:09

Fraud in relation to affairs of a company or any body corporate, includes any act, omission, concealment of any fact or abuse of position committed by any person or any other person with the connivance in any manner

Whether Notional Interest on Security Deposit paid by employer for accommodation of its employee will also be included while calculating perquisites

FCS Deepak Pratap Singh 23 March 2022 at 09:09

Perquisite value of a residential accommodation provided by the employer to its employee will be calculated on the basis of actual rent paid or payable and no notional interest on Security Deposit deposited by employer