CAclubindia Articles

How to study CA Final Paper 3 - Advanced Auditing and Professional Ethics

Shreya Kokate 18 July 2021 at 09:37

Audit might appear as a vast subject at first, but try to look at it from a bird's eye view. Let us divide this vast subject into four simple parts. This order can also be followed while studying.

Annual Return on Foreign Liabilities and Assets (FLA)

CS Tanveer Singh Saluja 17 July 2021 at 16:53

FLA Return is an Annual Return that is required to be submitted by those entities which have received FDI and/or made overseas investments in any of the PYs including the Current Year.

MGT-7 or MGT-7A? Which one to file?

CS Tanveer Singh Saluja 17 July 2021 at 16:52

Every company shall file its annual return in Form No. MGT-7 except for a One Person Company and Small Company. OPC and Small Company shall file the annual return from the FY 2020-2021 onwards in Form No. MGT-7A.'

Revalidation of Registration u/s 12A and 80G

Neethi V. Kannanth 17 July 2021 at 09:10

There are certain tax exemptions and benefits available to Charitable Institutions in India. These exemptions and benefits are dealt in sections 12A/12AA and 80G of the Income Tax Act,1961.

Concept of Data Mining

CA Anurag Sharma 17 July 2021 at 09:10

This world is a world of information where you can find endless data with just a click. But how will you make this data useful? This can be done by linking the patterns in the data and this is what is called "Data Mining".

Role of auditing in context of Armed Forces

Bushra Rahman 17 July 2021 at 09:10

The Defence Accounts Department, headed by the Controller General of Defence Accounts is compulsory to carry out an audit of all expenditure and receipts besides accounting and payment functions.

What are the day-to-day issues that every CA/Tax Consultant faces?

Aruhi 16 July 2021 at 12:15

The CA and Tax consultants group has always relied on a dependable and convenient manual data entry method for the Tally. As the method takes longer and has a more complicated number pattern, it is prone to a slew of other flaws, such as human error

Whether MGT-9 is required or not?

CS Tanveer Singh Saluja 16 July 2021 at 09:58

There's confusion amongst Professionals regarding the requirement of preparing form MGT-9 for F.Y. 2020-21. For that matter, let's take into consideration the developments made by the Ministry from time to time.

GST Quarterly Updates Tracker (April 2021 - June 2021)

CS Lalit Rajput 16 July 2021 at 09:31

Discussing all major GST Updates including circulars, notifications, COVID-19 relaxations, and functionalities deployed on the GST Portal in the Quarter April 2021 - June 2021.

Exceptions to Restriction on Cash Payments under Section 40A(3) of the Income Tax Act, 1961

Ritik Chopra 16 July 2021 at 09:25

Rule 6DD provides certain cases under which no disallowance u/s 40A(3) shall be made where any payment of sum exceeding 10,000 or 35,000 is made otherwise than by a crossed cheque or a crossed bank draft.