CAclubindia Articles

PAN 2.0: A Digital Leap in Taxpayer Services

Posted by Mitali 27 November 2024 701 Views

The Permanent Account Number (PAN) has long been a cornerstone of India's financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance.

RCM on Properties Rented from Unregistered Landlords: Challenges for Composition Taxpayers and Some Relief Strategies

Posted by Joseph Amal T A 27 November 2024 7492 Views

In this article, we discuss its implications on composition taxpayers and give some tips to reduce the financial and compliance burden.

Documents Required to Register a Pvt Ltd Company in India

Posted by Ishita Ramani 27 November 2024 343 Views

This article helps you outline the important files needed to register a Pvt Ltd business in India.

Tax Compliance: Employees Not Liable for Employer's TDS Mismanagement

Posted by Affluence Advisory 27 November 2024 287 Views

Explore the intricacies of TDS under the Income-tax Act, 1961, focusing on the responsibilities of deductors, TDS credit provisions, and key judicial rulings protecting deductees from being treated as assessee-in-default. Understand CBDT guidelines and recent high court judgments addressing TDS mismatches and employer-employee tax issues.

IT Department May Impose Rs 10 Lakh Penalty For Non Disclosure of Foreign Income

Posted by Sahil Jaiswal 26 November 2024 760 Views

The Indian government has taken a strong stance against non-disclosure of foreign income and assets, especially with the implementation of stringent provisions under the Income Tax Act and international agreements such as FATCA

Section 40A(3): No Disallowance for Excessive Payments If Business Expediency and Party Genuineness Are Established

Posted by Vivek Jalan 26 November 2024 226 Views

Excessive payment u/s 40A(3) are not disallowed in case business expediency and identity and genuineness of parties are proved

Probate, LoA and Succession Certificate

Posted by Affluence Advisory 26 November 2024 298 Views

When a person dies without leaving a Will ("Intestate Individual"), his/her succession is called Intestate Succession. It includes (a) Probate; (b) Letter of Administration; and (c) Succession Certificate.

Negative Impact of the GST Portal's New Invoice Management System on Quarterly Return Filers

Posted by CA Manoj Gupta 26 November 2024 4303 Views

The Goods and Services Tax (GST) portal has recently introduced a significant update in the form of an Invoice Management System (IMS).

Taxpayers Win - Favourable Case for Rebate u/s 87A on Short-Term Capital Gains

Posted by CA Umesh Sharma 26 November 2024 9810 Views

It's a noteworthy Beena Manishbhai Fofaria V/s CIT(Appeals) case that clarifies the application of Section 87A, especially after the amendments brought by the Finance Act, 2023. This ruling is beneficial for many taxpayers.

Why RBI won't cut rates?

Posted by Aditi Shinde 25 November 2024 341 Views

A deep dive into why the RBI clings to high interest rates despite mounting pressure, balancing the scales between inflation control and economic growth. Will the December meeting finally break the cycle, or is price stability the ultimate goal?