CAclubindia Articles

How to Claim Refund of GST on Cancelled Flat or Real Estate Property by an Unregistered Dealer

Meghna Jitesh Telisara 25 April 2023 at 08:47

An unregistered buyer who decides to cancel the agreement to purchase a flat can claim GST refund paid by him from the builder or the government depending upon the timeline of the cancellation of such agreement.

Lessons for auditors on professional conduct

Rashmi 24 April 2023 at 14:10

The National Financial Reporting Authority (NFRA) in India has imposed a penalty of ₹300,000 on the statutory auditor of now-de-listed company SRS Ltd, along with a three-year ban on taking up statutory or internal audits of any company, for alleged professional misconduct and lapses in the FY18 audit of the company.

Companies need to file MSME payment data before 30th April 2023

CA Umesh Sharma 24 April 2023 at 14:10

Every year, all company taxpayers need to file form MSME-1 by a notification dated 2nd November 2018 but it holds a huge significance this year as the payments would be disallowed by the Income Act authorities if payment is not made within 45 days.

Section 18: Availability Of ITC Under Special Circumstances

Harsh Kaushik 24 April 2023 at 10:12

What does Section 18 say?Section 18 of the CGST ACT 2017 talks about the Input Tax Credit availability under special circumstances such as in case of exempt sup..

Cyber Security Overview

CA Sanat Pyne 24 April 2023 at 09:00

Cybersecurity refers to the practices, technologies, and measures that are taken to protect digital systems, networks, and devices from cyber-attacks, data breaches, and other malicious activities. In today's increasingly digital world, cyber security has become a critical concern for individuals, businesses, and governments alike.

Why Indian Income Tax New Tax Regime is the Government's Favorite Child!

Abhishek Raja 24 April 2023 at 09:00

In this article, I will be discussing the new tax regime in India, comparing it with the old income tax regime, and explaining why the new regime is the government's favorite child.

Types of bank accounts for NRIs in India

CA. Heet Shah 24 April 2023 at 09:00

NRI accounts are bank accounts opened by NRIs in India for various transactions, such as depositing foreign currency earnings, transferring funds to India, etc. These accounts can be in the form of NRE, NRO, or FCNR accounts.

Choose Right Tax Regime for FY 2023-24

Affluence Advisory 22 April 2023 at 14:52

If you FAIL to choose between the New and Old Tax Regime, the Employer will take the New Tax Regime as DEFAULT and deduct TDS under it.

Section 194DA: TDS on Payment of Life Insurance Policy

CA Ruby Bansal 22 April 2023 at 14:37

Section 194D of the Income Tax Act requires tax to be deducted at source on any commission or reward paid for procuring insurance business.

All about GST on Ocean Freight

Keerthana Tadisetty 22 April 2023 at 09:00

Ocean freight is a process through which merchandise goods, cargo and commodities are transported by ships via shipping lines. Over 90% of all the world's trade is carried by sea.