CAclubindia Articles

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

Posted by Shree 17 October 2024 2045 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.

Tax on Buy-Back of Shares

Posted by Ajva Fintech 17 October 2024 482 Views

A share buyback typically refers to a company repurchasing its shares from shareholders at the market price, thereby regaining ownership previously distributed....

Strengthening Auditing Standards: Insights From NFRA Orders And Their Implications For Auditors

Posted by CA Amrita Chattopadhyay 16 October 2024 407 Views

Recently, the Institute of Chartered Accountants of India (ICAI) published a comprehensive compilation of orders and reports from the National Financial Reporting Authority (NFRA), offering a deeper understanding of the expectations set for auditing firms and auditors.

How to Simplify Startup Valuation: Practical Tips for Entrepreneurs

Posted by ValuGenius Advisors LLP 16 October 2024 153 Views

Here are practical tips to simplify startup valuation for entrepreneurs, with insights from business valuation experts.

Enterprise vs Company: How They Differ in Scale, Management and Ownership

Posted by Ishita Ramani 16 October 2024 360 Views

This article will deep dive into the explanation of corporation vs organization, that specialize in their scale, control structures, and ownership traits.

OCPS and CCPS Conversion: Transforming Preferences into Ownership

Posted by Affluence Advisory 16 October 2024 1072 Views

Preferred stock, sometimes referred to as preference shares, are a special kind of equity that allows owners to receive dividends declared by the Company ahead of equity owners.

Waiver of Interest or Penalty or both: Section 128A

Posted by CA Amit Harkhani 15 October 2024 1201 Views

INTRODUCTIONSection 128A, as proposed by the Finance Act, 2024 (No. 2), dated 16.08.2024, through Section 146, was notified via Notification No. 17/2024 - Centr...

Risks involved while porting an Insurance Policy

Posted by FCS Deepak Pratap Singh 15 October 2024 222 Views

As you are aware Insurance has become one of the most important necessities of our life, same as food, shelter, education etc. Insurance provides us indemnity from financial loss in case of happening of any accident or disease.

Claiming Income Tax Refunds: CBDT's New Rules from October 2024

Posted by Sahil Jaiswal 14 October 2024 664 Views

Starting October 2024, the Central Board of Direct Taxes (CBDT) introduced new guidelines to streamline the process for taxpayers seeking income tax refunds or carrying forward losses, especially in cases where they missed the original filing deadlines.

Impact of GST on Renting of Immovable Property

Posted by CA Aditya 14 October 2024 3507 Views

The Goods and Services Tax (GST) framework is set to undergo a significant change on October 10, 2024. This new update, introduced by the government, focuses on non-residential rental transactions.