CAclubindia Articles

11 Interesting Facts About Budget

Posted by Neethi V. Kannanth 31 January 2022 7680 Views

Nirmala Sitharaman is all set to announce Union Budget 2022 on 1st February. Before the budget let me bring to you some interesting facts about budget

All about International trade

Posted by Aarti Maurya 31 January 2022 1836 Views

International trade is the exchange of goods and services as well as resources between countries. A product that is sold in foreign market is called an export and a product that is bought from a foreign market is called an import.

Who's Budget First? Personal or Union

Posted by CA Umesh Sharma 31 January 2022 3932 Views

Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha. Everyone is excited for the Budget.

Chartered Accountancy and Cricket

Posted by Vishal Kudve 31 January 2022 8696 Views

In this article, the author has shared some similarities between CA course and Cricket.

All About Tax Audit and Form 3CD (Part-6)

Posted by Neethi V. Kannanth 31 January 2022 2932 Views

This article is the final part of the series on the Tax Audit and Form 3CD and I’ll be discussing clause 32 to 44 through this article.

IRDAI (Surety Insurance Contracts) Guidelines, 2022

Posted by CS Lalit Rajput 30 January 2022 1462 Views

IRDAI vide Ref. No: IRDAI/NL/GDL/SIC/01/01/2022 dated 03.01.2022, in exercise of the powers conferred under section 14 (2) (i) of IRDA Act, 1999, has issued the IRDAI (Surety Insurance Contracts) Guidelines, 2022 ("Guidelines") to regulate the business of surety insurance ("Business") in view of the unique risks and features of surety insurance.

Declaration of undisclosed income to "buy peace" does not renders an assessee immunity from initiation and levy of penalty

Posted by CA.Mohit Gupta 30 January 2022 2323 Views

Under the Income Tax Act, 1961 penalty is to be levied on the amount of "tax sought to be evaded" in respect of the concealment of particulars of income or furnishing inaccurate particulars of the income. Nevertheless, in case of SEARCH penalty is also levied in respect of "Undisclosed Income" too.