CAclubindia Articles


NBFCs under Regulatory Spotlight: Emphasis on Sustainable Practices and Risk Management

  Affluence Advisory    28 November 2024 at 08:43

In a strong and timely advisory, the Reserve Bank of India (RBI) has urged Non-Banking Financial Companies (NBFCs) including Microfinance Institutions (MFIs) and Housing Finance Companies (HFCs) to cultivate a ‘compliance-first' culture.



PAN 2.0: A Digital Leap in Taxpayer Services

  Mitali    27 November 2024 at 16:35

The Permanent Account Number (PAN) has long been a cornerstone of India's financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance.



Impact of Tax Reforms on the Middle Class: Analysis of Recent Policies

  Chaitra Seetharam    27 November 2024 at 10:49

This article examines the intricate relationship between tax reforms and the middle class, focusing on how recent policy changes have affected their financial situations.



RCM on Properties Rented from Unregistered Landlords: Challenges for Composition Taxpayers and Some Relief Strategies

  Joseph Amal T A    27 November 2024 at 08:50

In this article, we discuss its implications on composition taxpayers and give some tips to reduce the financial and compliance burden.



Documents Required to Register a Pvt Ltd Company in India

  Ishita Ramani    27 November 2024 at 08:43

This article helps you outline the important files needed to register a Pvt Ltd business in India.



Tax Compliance: Employees Not Liable for Employer's TDS Mismanagement

  Affluence Advisory    27 November 2024 at 08:43

Explore the intricacies of TDS under the Income-tax Act, 1961, focusing on the responsibilities of deductors, TDS credit provisions, and key judicial rulings protecting deductees from being treated as assessee-in-default. Understand CBDT guidelines and recent high court judgments addressing TDS mismatches and employer-employee tax issues.



IT Department May Impose Rs 10 Lakh Penalty For Non Disclosure of Foreign Income

  Sahil Jaiswal    26 November 2024 at 10:47

The Indian government has taken a strong stance against non-disclosure of foreign income and assets, especially with the implementation of stringent provisions under the Income Tax Act and international agreements such as FATCA



Section 40A(3): No Disallowance for Excessive Payments If Business Expediency and Party Genuineness Are Established

  Vivek Jalanpro badge    26 November 2024 at 08:44

Excessive payment u/s 40A(3) are not disallowed in case business expediency and identity and genuineness of parties are proved



Probate, LoA and Succession Certificate

  Affluence Advisory    26 November 2024 at 08:40

When a person dies without leaving a Will ("Intestate Individual"), his/her succession is called Intestate Succession. It includes (a) Probate; (b) Letter of Administration; and (c) Succession Certificate.



Negative Impact of the GST Portal's New Invoice Management System on Quarterly Return Filers

  CA Manoj Gupta    26 November 2024 at 08:40

The Goods and Services Tax (GST) portal has recently introduced a significant update in the form of an Invoice Management System (IMS).




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