CAclubindia Articles

GST ITC: Time barring period for Claiming & Reclaiming

Vivek Jalan 29 July 2023 at 14:25

GST-ITC: Time barring period for claiming & Reclaiming - Impact of AP High Court decision in THIRUMALAKONDA PLYWOODS Vs THE ASSISTANT COMMISSIONER(2023-VIL-472-AP) dated 18th July 2023

Income Tax Act 1961: Chapters

Mitali 29 July 2023 at 13:01

The Income Tax Act, 1961 is an Indian legislation that governs the taxation of income in the country

Special Provision applicable to Non-Resident Indian

Geetanjali Pandey 29 July 2023 at 12:59

This article provides insight and knowledge about the Special provisions of the Income Tax which are applicable to Non-resident income with respect to certain income as prescribed in Chapter XII-A of the Income Tax Act.

Whether a person can have more than one DIN

CS Divesh Goyal 29 July 2023 at 11:53

In this article, the author shall discuss a very important question raised by the directors: Whether a person can hold more than one DIN.

Striking a Balance between Game of Skill, Game of Chance and Game of GST

CA Yash Shah 29 July 2023 at 10:15

This tax will be applied to the funds collected by gaming companies from consumers, leading to increased costs for players. As a result, consumers will bear the burden of this tax. This is likely to discourage consumers from participating in online gaming, thereby negatively impacting the industry's overall growth.

General View on New Tax Regime

Nikita Agarwal 29 July 2023 at 09:10

"New Tax Regime" or "Optional Tax Regime," was introduced as part of the Union Budget 2020-21. This regime aims to simplify the income tax structure and provide taxpayers with an alternative tax computation method.

Income tax loss Set-Off and Carry Forward provisions

Amul Jain 29 July 2023 at 09:10

In the ancient land of India, renowned warrior Arjuna found himself perplexed by the complexities of income tax laws.

Whether a person can Surrender DIN - After Strike off of Company

CS Divesh Goyal 28 July 2023 at 14:37

In this article, the author shall discuss a very important question raised by the directors: whether they can surrender their DIN after striking off their Company.

Filing Income Tax Returns: Understanding Deadlines and Penalties in India

Rashmi 28 July 2023 at 14:13

In this article, we will discuss the changes in penalties for missing the ITR filing deadline and understand the implications for taxpayers based on their income levels.

Decoding Taxation on Virtual Digital Assets

Poojitha Raam 28 July 2023 at 09:43

Virtual Digital Assets (VDAs) refers to any information, code, number, or token in Foreign Currency generated through cryptographic means or otherwise and can b..