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CAclubindia Articles


Combined Study of Section 44AB with Section 44AD

  CA.R.S.KALRA    15 December 2020 at 18:22

Currently, businesses having turnover of more than one crore rupees are required to get their books of accounts audited by an accountant. In order to reduce the..



Next-Gen POS Enhancing Revenue Opportunities for Businesses

  Biswajit Mishra    15 December 2020 at 09:51

As businesses are still evolving and providing superior user expertise to their client base, the need for the POS systems they use to back their sales efforts also have to evolve.



Revised Code of Ethics by ICAI

  Venkat Raj    15 December 2020 at 09:51

ICAI, being the regulator, certifier, and educator of the accountancy profession since 1949 in India has brought up a new code of ethics in 2019. The same was to be made effective from 1st April 2020 however made applicable from 1st July 2020 due to COVID 19.



GST Audit 19-20, & Lots of Issues

  CA Umesh Sharmapro badge    14 December 2020 at 18:56

The facility to file an annual return in form GSTR-9 for FY 2019-20 is now available. The form is enabled for taxpayers whose table 8A computation has been completed.



Should the Government Consider Extending the due date for filing Tax Audit, Transfer Pricing Audit and Income Tax Returns?

  Aishna Kukreja    14 December 2020 at 18:56

Keeping in view the effect of COVID-19, the FM had extended the due date for filing the Tax Audit, Transfer Pricing Audit and Income Tax Returns. However, is there a need to extend these due dates further?



Mrs. Bectors IPO Review

  CA KANJ GOEL    14 December 2020 at 14:10

The offer consists of a fresh issue of equity shares for a consideration of Rs. 40.5 crores. Proceeds of the same will be used for funding the project cost towards the Rajpura Expansion Project which will enhance the manufacturing capacity of the Company.



Focusing on the Sensex? It’s time to focus on life’s goals and cash-flows

  CA Aaditya Chhajed    14 December 2020 at 14:10

India's equity benchmark SENSEX is at an all-time high. We all see bombarding of such news from all the media around us. Many of us think that if we would have invested in March or April 2020, money would have been almost doubled.



Internal Audit in GST - GSTR-1, GSTR-3B, GSTR-2A, and More

  Shweta    14 December 2020 at 12:06

The internal audit team is responsible for analyzing books of records against GST returns to identify and rectify any mismatch and ensure compliance with the GST laws.



Why Your In-Hand Salary May Reduce from 2021

  Shweta    14 December 2020 at 10:48

The GoI has recently notified the draft rules under The Code on Wages 2019. The new rules which are expected to enter into force in April 2021, will potentially have consequences on your take-home salary and retirement corpus.



Companies (Auditors Report) Order, 2020 (CARO 2020) - Additions, Omissions and Alterations

  Rashish Gangadharani    14 December 2020 at 09:52

MCA has announced that CARO 2020 will apply for financial years commencing from 1st April 2020 instead of financial years commencing on or after 1st April 2019...