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CAclubindia Articles


Taxes on Slot Machine Winnings: Everything You Need to Know

  Ayush    20 September 2023 at 11:43

Picture this: You're at your favourite casino, the reels are spinning, the lights are flashing, and then it happens—a winning combination. The slot ma..



Understanding GST Summons: Your Rights, Duties and Validity

  Abhishek Raja    20 September 2023 at 08:53

In this article, we will delve into the concept of GST summons, including what they are, how they work within the legal framework, and what your rights and duties are when you receive a summons. We will also discuss the validity of summonses and the importance of understanding how they function in the GST system.



Revenue Vs Capital Expenditure & Depreciation on Capital Expenditure: The argument continues

  Vivek Jalan    20 September 2023 at 08:53

By terminating the services of a vendor, an assessee may intend to save the expense that it would have had to incur in the relevant previous year as well as for few more years going ahead. However, it cannot be said that this saving is an enduring benefit or has resulted in creating an asset.



The Importance of Complying with the Companies Act for Businesses

  CA Ajay goel    19 September 2023 at 08:56

In this article, we will explore the significance of complying with the Companies Act.



Tax Audit also helps as Vighna-harta!

  Member (Account Deleted)    18 September 2023 at 14:56

How does undergoing an income tax audit solve issues and make things easier for businesses?



Top 4 mistakes to avoid in view of Circulars issued in July 2023

  CA Shruti Singhalpro badge    18 September 2023 at 12:50

Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period 01.04.2019 to 31.12.2021 through Circular No. 193/05/2023-GST dated 17-7-2023.



PMLA Act Tightens for Banking & Financial Transactions

  Vivek Jalan    18 September 2023 at 10:16

Bank Accountholders undertaking specified transactions to be alert as PMLA Act becomes more stringent for Banking/NBFC/Financial and other Entities



Top 10 changes impacting small business which are made effective in July and Aug 2023

  CA Shruti Singhalpro badge    18 September 2023 at 09:51

E-Invoice limit has been reduced w.e.f. 1-8-2023, and now those registered persons whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds Rs. 5 crore are required to issue E-invoice for Export invoice and B2B supplies.



How to Effectively Manage Indian GST Compliances: A Layman's Guide!!

  Abhishek Raja    18 September 2023 at 08:52

In this comprehensive guide, we will explore the key components of Indian GST compliances and provide practical insights on how businesses can navigate and streamline their operations to ensure compliance.



Choosing the Right Partner: Key Steps for a Strong Partnership

  CA Ajay goel    16 September 2023 at 10:55

A partnership business is a type of business structure in which two or more individuals or entities join forces to manage and operate a company.