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CA Exams are conducted by the ICAI (The Institute of Chartered Accountants of India). This exam is conducted for individuals who aspire to become chartered Accountants and pursue Chartered Accountancy as a profession in India.  This examination is conducted at three different levels in accordance with the curriculum provided by…

Audit by departmental authorities is a familiar concept. It already existed within the laws that existed even before the GST tax regime was introduced. However, the GST regime encouraged the concept of relying on self-compliance and self-assessment by the taxpayers. The purpose of the introduction of self-assessment by the GST…

Finance Minister of India, Smt. Nirmala Seetharaman on 1st February 2022 presented the 2nd digital union budget for the FY 2022-2023. Accordingly, the proposed amendments related to GST were covered within clauses (from Clause 99 to Clause 123). The proposed amendments that were within clause 99 to clause 113 came…

Indian Competition Law is widely based on UK legislation and the European Union law seeks the solution for similar nature of issues such as abuse and undue influence of dominant position and restrictive agreements.  It is in the late 90s, when the entire world, including India, was struggling through a…

The Healthcare sector of India reached a market value of about USD 372 billion in the year 2022. The factors that were included in this hike were mainly revolving around the areas such as better health awareness, rising income, increasing access to insurance, and lifestyle diseases. It’s just last year…

The structure of GST (Goods and Service Tax) is created to make the process of tax collection efficient, reduce corruption, and make the movement of goods inter-state easy and etc. GST Law provides the concept of self-assessment, so that payment of taxes and easy compliance can be facilitated. It also…

Foreign Direct Investment is the main engine of economic growth and a source of non-debt financing for the country's economic development. The FDI policy is continuously revised to attract larger volumes of foreign investment to the country. The government has introduced an investor-friendly FDI policy whereby FDI up to 100%…

Currently, there is a surge in equity transactions, investments, and so on. Indian investors have moved beyond conventional gold, silver, and real estate investments to shares, and mutual funds, and a few have been known to invest in public companies that are soon to be listed (Shares brought in the…

An auditor should utilize Form 3CD when examining the financial records of taxpayers who are the subject of tax audits. According to the Income Tax Act, 1961 regulations, a Chartered Accountant must provide an audit report in the required format. The objective of this article is to provide a brief…

The Companies Act, 2013 was enacted to encourage businesses to adopt the "Jet Set Go" philosophy, with compliance and openness being crucial. Among the various difficulties addressed by this legislation, there has been a revolution in Related Party Transactions, a word that has made all businesses uncomfortable for many years due…