CAclubindia Articles

Assessments under GST Law: A Comprehensive Overview

Posted by Pratik Dhruve 28 June 2025 776 Views

Section 2(11) of the CGST Act defines "assessment" as the determination of tax liability under the Act, and it includes self-assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment.

Foreign Liabilities and Assets (FLA) Return under FEMA

Posted by Affluence Advisory 28 June 2025 777 Views

This article breaks down the FLA reporting process, explaining the legal framework, required disclosures, practical compliance issues, and potential consequences of non-compliance.

Key Features Of Faceless Assessments Scheme

Posted by Khush Trivedi 27 June 2025 228 Views

Discover the key features of the Faceless Assessment Scheme introduced by the Income Tax Department, aimed at enhancing transparency, reducing human interface, and ensuring uniformity in tax assessments across India.

Earned Rs 1.2 lakh intraday, Rs 2.5 lakh STCG from Stocks. Do I Need to File ITR in AY 2025-26?

Posted by Chaitra Seetharam 27 June 2025 1274 Views

Intraday describes trading actions or market movements that happen within one trading session, from market open to close. It applies to stocks, forex, commodities, and cryptocurrencies, where traders buy and sell assets within the same day.

How AI Helps Small Businesses Grow Smarter

Posted by workspacetool.com m 27 June 2025 208 Views

If you're a small business owner and trying to do it all, this article is for you. AI can make your life easier by helping your business grow faster and smarter.

Legal Framework of Faceless Assessments & Appeals

Posted by Khush Trivedi 26 June 2025 615 Views

Faceless assessment is managed entirely through the National Faceless Assessment Centre (NFAC) and 4 types of functionally specialized units

Faceless Assessments & Appeals: Reforming Tax Administration

Posted by Khush Trivedi 26 June 2025 688 Views

IntroductionThe Income Tax Act, 1961, lays down a comprehensive mechanism for assessing an individual’s or entities taxable income and determining their c

Are Co-operative Societies Liable Under GST?

Posted by K.V. Radhakrishnan 26 June 2025 10088 Views

Supply of service or goods provide to the members by a co-operative society registered under any co-operative law will not come under the provisions of the GST Act. Why? We shall look into the statutory provisions of the law and the Constitution of India.

LLMs for Automation in Accounting and ERP

Posted by Harshit Panjwani 26 June 2025 489 Views

In this article, we will understand the reason behind the risk of job loss in the Lower Level of Management of the Accounting division of any organization.

Comprehensive Guide to Issue of Shares with Differential Voting Rights (DVR)

Posted by Affluence Advisory 26 June 2025 922 Views

This comprehensive guide provides a detailed understanding of DVR shares, their legal framework, benefits, conditions and the procedure for their issuance in India.