CAclubindia Articles

Advance tax e-campaign based on significant transactions

Sparsh Wadhwa 15 March 2024 at 08:48

The Income Tax Department has received information on financial transactions relating to XXXX SINGH PAN XXXXX1650X for Financial Year 2023-24 (AY 2024-25). It is seen that your advance tax payment for F.Y. 2023-24 is apparently not commensurate with such financial transactions undertaken by you during this period.

Understanding Electoral Bonds: An Insight into India's Political Funding Mechanism

CMA Sonam Verma 14 March 2024 at 14:06

In this article, we'll delve into the concept of electoral bonds, their functioning, controversies surrounding them, and their implications for Indian democracy.

Recent Tax Updates

Venkat Raj 14 March 2024 at 09:00

The Financial Year 2023-24 is coming to an end in fortnight. The books of accounts of all entities are at the closing stage, and wherever a requirement arises, provision as required needs to be created. Let us analyze a recent ruling!

Refund Process under GST across Different Categories

Affluence Advisory 14 March 2024 at 09:00

In this article, we have attempted to summarize the computation of refund amount under different categories along with broadly outlining the process.

Cancellation, Suspension and Revocation of GST registration

Affluence Advisory 13 March 2024 at 12:48

Nowadays, the matters relating to cancellation of GST registration specifically cancellation from retrospective date are being seen on recurring basis. Almost, every other day we see judgement pronounced by some or other High Court dealing with cancellation of GST registration by department.

ITR Filling for Businesses For FY 2023-24

Priya Mulukutla 13 March 2024 at 12:25

Filing an Income Tax Return(ITR) for businesses is an intricate and extensive process involving many important aspects that the entity should consider.

Beyond the Brink: Charting Stability in the Face of Financial Storms on March 13th

Gautam Bharthry 13 March 2024 at 08:50

On March 13th, there is a looming possibility of yet another bank collapse, potentially surpassing the severity of the Silicon Valley Bank crash.

What content is included in idea-stage startups pitch desk?

Ishita Ramani 13 March 2024 at 08:50

To accelerate growth, create prototypes and expand their business, an idea-stage firm must raise money. We will learn all about idea-stage startup pitch decks in this article.

Remission and Extinguishment of Tax Demand

Affluence Advisory 12 March 2024 at 14:54

This article summarizes a recent order issued by the Central Board of Direct Taxes (CBDT) on the remission or extinguishment of small tax demands outstanding as of January 31, 2024, under the Income Tax Act 1961 (ITA), Wealth Tax Act 1957, or Gift Tax Act 1958 (referred to as relevant Acts).

Points to remember while filing ITR for FY 2023-24

Priya Mulukutla 12 March 2024 at 12:08

Filing Income Tax Returns (ITR) can be confusing and time-consuming when not done methodically. Here are a few points to remember to aid everyone’s return filing process.