CAclubindia Articles

SEBI Releases Consultation Paper Introducing New Asset Class/Product Category

Affluence Advisory 23 July 2024 at 08:23

Securities and Exchange Board of India ('SEBI') released a consultation paper dated: July 16, 2024 on introduction of new asset class/ product category.

What if ITR is not Filed before 31st July 2024?

CA Umesh Sharma 22 July 2024 at 14:05

Due date for filing of Income Tax Return for Individuals is 31st July, but still, many people around the nation have not filed their Income Tax Return. What are the implications of not filing the ITR on time?

Rectify Mistakes of Your Unverified ITR Without Filing Revised ITR

Mitali 22 July 2024 at 14:02

Filing an income tax return requires a careful and detailed process. But despite of our best efforts, mistakes happen.

Suggestion to Permanently Change ITR Filing Due Date to 31st August

Mitali 22 July 2024 at 11:54

Suggestion to permanently change the deadline has been given by the taxpayers as they are facing difficulty in accessing Form 26AS and AIS. Due to technical issues on the Income Tax Portal, there is an increasing demand to extend the ITR filing deadline from July 31, 2024, to August 31, 2024.

Understanding the Importance of MSMEs in Today's Economy

Priya Garg 22 July 2024 at 10:17

In recent years, Micro, Small, and Medium Enterprises (MSMEs) have gained significant importance in driving economic growth and development. These businesses pl..

Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]

FCS Deepak Pratap Singh 22 July 2024 at 08:29

In the instant case, evidently, the tax liability discharged by the assessee was in pursuance of the agreement with the transferor for taking over the business and was a part of the consideration for the transfer.

Key Ratios to Consider When Selecting a Mutual Fund

CA Prateek Agarwal 22 July 2024 at 08:24

This article explores the essential ratios you should consider when selecting a mutual fund.

Microsoft's Oops: The World's Worst IT Hangover

CA Pallav Singhania 20 July 2024 at 07:01

Microsoft Global IT Outage Disrupts Airlines, Banks, Healthcare, and RetailSUMMARYThe Microsoft Global IT Outage, occurring on multiple occasions such as in Jan..

RBI allows remittances for all permissible purposes to IFSCs under the LRS

Affluence Advisory 20 July 2024 at 06:36

The Reserve Bank of India (RBI) has vide its Circular dated July 10, 2024 allowed remittances for all permissible purposes under the Liberalized Remittance Sche..