CAclubindia Articles

Legality of roping in an unconnected third party in the rigors of an Income Tax Search and Seizure action

Posted by CA.Mohit Gupta 10 December 2021 4761 Views

Bank Lockers- Income Tax Search and Seizure

An introduction to Eway Bill

Posted by Tanuj Chandra Saxenaa 10 December 2021 7611 Views

E-Way Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in.

Role of artificial intelligence in accounting

Posted by Tanuj Chandra Saxenaa 10 December 2021 9124 Views

As Artificial Intelligence works for every industry, it certainly has a significant impact on the accounting and finance industries as well.

Conversion of Sole - Proprietorship into private limited company

Posted by Tanuj Chandra Saxenaa 10 December 2021 2336 Views

A Sole Proprietorship is a business entity that is wholly owned and controlled by an individual, it is a good form of business for individuals who want to start small but as business grows it necessitate converting it into some greater form for greater advantages.

Legal Provisions for Checklist and Closure of LLP or Strike off of an LLP

Posted by Tanuj Chandra Saxenaa 10 December 2021 7999 Views

Rule 37 of the Limited Liability Rules, 2009 deals with the striking off name of Defunct LLP. Defunct means those LLPs which are not functioning or not operating.

Corporate Funding | An analysis

Posted by Tanuj Chandra Saxenaa 10 December 2021 1357 Views

A Company is a Big Holistic and Multi Dimensional Business organization and multiple functions take place on daily basis.

All about transmission of shares

Posted by Tanuj Chandra Saxenaa 10 December 2021 2178 Views

Transmission of shares is a process by operation of law where under the Shares are registered in a Company in the name of deceased person or an insolvent person are registered in the name of his legal heirs by the Company on proof of death or insolvency as the case may be.

Procedure to strike off/closure of a company

Posted by Tanuj Chandra Saxenaa 10 December 2021 4724 Views

The company must extinguish all its liabilities as a first step for strike off.

IBBI clarifies role of RP & liquidator in avoidance transactions

Posted by CS Lalit Rajput 10 December 2021 1456 Views

The Insolvency and Bankruptcy Board of India (IBBI) vide Facilitation / 001 / 2020 dated 08th May, 2020 has issued circular on Role of Resolution Professional / Liquidator in respect of Avoidance Transactions for educating the IPs and other stakeholders.

Section 151: Sanction for Issue of Notice - An Important Safeguard

Posted by CA, CPA (USA) Shikhar Garg 10 December 2021 13902 Views

Section 151 of the Income Tax Act 1961(Act), provides that Assessing officer (AO) has to take approval from the higher authority before issuing the notice u/s 148. AO, by the provisions of section 147 of the Act, has the power, to reopen the already completed Assessment.