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CAclubindia Articles


Recent Important Amendments in the CGST Rules

  Bimal Jain    19 October 2024 at 11:47

1. Rule 36 - Documentary requirements and conditions for claiming input tax creditCBIC vide Notification No. 20/2024 - Central Tax dated October 08, 2024 w.e.f...



A Guide to Microfinance Companies

  Affluence Advisory    19 October 2024 at 07:54

The microfinance segment in India has proved to be fundamental for promoting financial inclusion by extending credit to low-income groups that are traditionally not catered to by lending institutions.



ITC will be allowed when Immovable Property falls under Definition of Plan & Machinery: SC

  FCS Deepak Pratap Singh    19 October 2024 at 07:54

To give a plain interpretation to clause (d) of Section 17(5), the word "plant" will have to be interpreted by taking recourse to the functionality test.



Additional FAQs on IMS

  Aarika    18 October 2024 at 15:28

1: Which invoices are visible on the IMS dashboard since October 14, 2024?IMS is launched from the GSTR-2B return period of Oct'24. Hence, all the records eligi..



What Are the Top Features and Benefits of a CA Loan

  Niyati    18 October 2024 at 12:24

This blog explores the reasons for taking a CA loan, its features and benefits, and how to apply for it. Read on!



Step-by-Step Guide to TAN Correction Online: How to Update Your Tax Account Number

  Ishita Ramanipro badge    18 October 2024 at 08:41

This article presents expertise on a step-by-step guide to update your TAN using the online system.



Understanding Partition and Re-Union of HUF

  IYER P.V    18 October 2024 at 08:41

Family connotes a group of people related by blood or marriage, "family" always specifies a group. Plurality of persons is an essential attribute of a family A Family consisting of a single individual is a contradiction. Section 2(31)(ii) of The Income Tax Act,1961



CBDT Issues Guidance Note on Direct Tax Vivad se Vishwas Scheme, 2024: Top 35 FAQs Clarified

  Shree    17 October 2024 at 10:14

The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred as DTVSV Scheme, 2024) has been enacted vide Chapter IV of Finance (No.2) Act, 2024 to provide for dispute resolution in respect of pending income lax litigation.



Tax on Buy-Back of Shares

  Ajva Fintech    17 October 2024 at 08:30

A share buyback typically refers to a company repurchasing its shares from shareholders at the market price, thereby regaining ownership previously distributed...



Strengthening Auditing Standards: Insights From NFRA Orders And Their Implications For Auditors

  CA Amrita Chattopadhyaypro badge    16 October 2024 at 13:53

Recently, the Institute of Chartered Accountants of India (ICAI) published a comprehensive compilation of orders and reports from the National Financial Reporting Authority (NFRA), offering a deeper understanding of the expectations set for auditing firms and auditors.