CAclubindia Articles

Tax Trends Among India's Top Celebrities: Shah Rukh Khan Leads, Akshay Kumar Absent from 2024 List

Sachin 06 September 2024 at 08:42

To make the information more appealing to Chartered Accountants (CAs) and finance professionals, the focus should be on tax trends, financial insights and the significance of high tax payments by celebrities. Here's how the key points can be tailored to engage them

Introduction of Invoice Management System (IMS) on GSTN Portal

Affluence Advisory 06 September 2024 at 08:42

A new functionality will be introduced on GSTN portal w.e.f. 1 October 2024 which will require the recipient of goods or services to match the invoices/records with the details uploaded by supplier for availing ITC.

Disallowance of payment to MSME - Beyond the due date

J. D. Shah Associates 06 September 2024 at 08:42

43B(h) any sum payable by the assessee to a micro or small enterprise beyond the time limit specified in section 15 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), shall be allowed

Nine Valuation Mistakes for Business Owners to Avoid

ValuGenius Advisors LLP 05 September 2024 at 08:42

Here are nine common valuation mistakes that business owners, especially those involved in startups, should avoid

Legal Provisions on Reconstitution of a firm and its Tax Impact

Namita Agarwal 05 September 2024 at 08:38

Any profits or gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H be chargeable to income-tax under the head "Capital gains"

Beware of Cash Transactions under Income Tax

J. D. Shah Associates 05 September 2024 at 08:33

Cash transactions have long been a subject of scrutiny by the Indian Income Tax Department due to their potential for tax evasion and unaccounted money circulation. It is important for taxpayers to know these limits in order to make sure their expenditure does not get disallowed under the Income Tax Act