CAclubindia Articles

Analysis of a Special Procedure for the Rectification of Orders Notified Under Section 148 of the CGST Act, 2017

Posted by Pounraj Ganesan 23 November 2024 937 Views

Relief from demand raised due to wrong availment of ITC for FY 2017-18, 2018-19, 2019-20 and 2020-21 in Contravention of Section 16(4)

Direct Tax Vivad se Vishwas Scheme, 2024 - A Step Guide

Posted by Nabin Agarwal 23 November 2024 969 Views

For cases where an appeal is pending before an appellant forum as of July 22, 2024.

CBDT's Compliance-Cum-Awareness Campaign: A Step Toward Enhanced Transparency

Posted by CA Naveen Panwar 23 November 2024 491 Views

The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for AY 2024-25, focusing on accurate reporting of foreign income and assets in Income Tax Returns (ITR).

Simplifying Taxes for NRIs in Budget 2024

Posted by CA Arun Tiwari 22 November 2024 252 Views

This article outlines the key tax issues faced by NRIs and suggests practical solutions for the upcoming budget. By addressing these concerns, the government can foster fairness and encourage NRIs to participate more actively in India's economy.

CBDT's Revised Condonation Timeline: A Chartered Accountant's Perspective

Posted by CA Naveen Panwar 22 November 2024 1191 Views

The CBDT has recently issued a circular reducing the time limit for filing condonation of delay applications related to ITR. This procedural update is critical for taxpayers seeking to rectify past filing delays, especially for claiming refunds or carrying forward losses.

Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on TDS/TCS provisions (Cumbersome, Rates & Overlap)

Posted by Vivek Jalan 22 November 2024 250 Views

The income tax department has received 6,500 suggestions from stakeholders over the past month on review of the Income Tax Act.

Motor Insurance Frauds: Detection and Control

Posted by FCS Deepak Pratap Singh 22 November 2024 274 Views

As you are aware, insurance companies are considered custodians of the money of their policyholders. A policyholder pays a premium to the insurance company with the hope that, in case of financial loss, the insurance company will indemnify him/her.

Navigating Tax Turbulence: The Story Behind Parle Agro's FY24 Performance

Posted by Mitali 21 November 2024 239 Views

Parle Agro is a leading Indian beverage company which has marked that there was a significant decline in revenue and profit for the financial year 2023-24. The ...

RCM on Rent for Family-Owned Properties: Impact of Notification No. 09/2024

Posted by Joseph Amal T A 21 November 2024 14532 Views

Impact of Notification No. 09/2024 on RCM for Rent Paid to Unregistered Persons: A Discussion on Family-Owned Commercial Properties

Landmark Ruling by Allahabad High Court: Goods Under GST Cannot Be Seized for Route Deviation

Posted by CA Naveen Panwar 21 November 2024 839 Views

In a significant judgment, the Allahabad High Court, in the case of Exide Industries Ltd. v. Addl. Commissioner Grade-II (Appeal)-1, delivered on July 9, 2024, ruled that goods transported under the GST regime cannot be seized or penalized solely due to a vehicle deviating from its expected route.