CAclubindia Articles

Interpretation of the term 'As Is' or 'As Is, Where Is Basis' for regularizing the past period transactions

Posted by Affluence Advisory 21 October 2024 338 Views

In the recent circulars issued pursuant to 53rd and 54th GST council meeting wherein CBIC based on the recommendation of GST Council has clarified upon applicability of tax rate/classification or exemptions available in case of specified goods or services.

Understanding Form 12BAA: A Guide to Simplifying TDS and Managing Additional Income

Posted by CA Aditya 21 October 2024 1035 Views

Form 12BAA is a straightforward declaration form. It lets you tell your employer about any other income you have, like interest income, capital gains, or commission Income.

Recent Important Amendments in the CGST Rules

Posted by Bimal Jain 19 October 2024 862 Views

1. Rule 36 - Documentary requirements and conditions for claiming input tax creditCBIC vide Notification No. 20/2024 - Central Tax dated October 08, 2024 w.e.f....

A Guide to Microfinance Companies

Posted by Affluence Advisory 19 October 2024 280 Views

The microfinance segment in India has proved to be fundamental for promoting financial inclusion by extending credit to low-income groups that are traditionally not catered to by lending institutions.

ITC will be allowed when Immovable Property falls under Definition of Plan & Machinery: SC

Posted by FCS Deepak Pratap Singh 19 October 2024 823 Views

To give a plain interpretation to clause (d) of Section 17(5), the word "plant" will have to be interpreted by taking recourse to the functionality test.

Additional FAQs on IMS

Posted by Aarika 18 October 2024 375 Views

1: Which invoices are visible on the IMS dashboard since October 14, 2024?IMS is launched from the GSTR-2B return period of Oct'24. Hence, all the records eligi...

What Are the Top Features and Benefits of a CA Loan

Posted by Niyati 18 October 2024 180 Views

This blog explores the reasons for taking a CA loan, its features and benefits, and how to apply for it. Read on!

Step-by-Step Guide to TAN Correction Online: How to Update Your Tax Account Number

Posted by Ishita Ramani 18 October 2024 1401 Views

This article presents expertise on a step-by-step guide to update your TAN using the online system.

Understanding Partition and Re-Union of HUF

Posted by IYER P.V 18 October 2024 549 Views

Family connotes a group of people related by blood or marriage, "family" always specifies a group. Plurality of persons is an essential attribute of a family A Family consisting of a single individual is a contradiction. Section 2(31)(ii) of The Income Tax Act,1961

CBDT Issues Guidance Note on Direct Tax Vivad se Vishwas Scheme, 2024: Top 35 FAQs Clarified

Posted by Shree 17 October 2024 2044 Views

The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred as DTVSV Scheme, 2024) has been enacted vide Chapter IV of Finance (No.2) Act, 2024 to provide for dispute resolution in respect of pending income lax litigation.