CAclubindia Articles

Key Updates: Invoice Management System (IMS)

Posted by CA. Bhavik P. Chudasama 04 September 2024 409 Views

Starting from October 1, 2024, a new Invoice Management System (IMS) will be implemented to streamline the process of matching invoices issued by suppliers and claiming Input Tax Credit (ITC).

Uncovering Unexplored Dimensions: A 2024 Perspective on the Landscape of Online Gaming in India

Posted by CA Praveen 04 September 2024 575 Views

The Indian gaming market saw a significant surge, reaching $2.6 billion in FY22, and is anticipated to escalate to $8.6 billion by FY27

How to Report Gambling Winnings on Taxes

Posted by CA Ruby Bansal 04 September 2024 335 Views

Let's look at the basics of what you should know about reporting any online casino or other gambling winnings on your annual taxes.

September GST Filing Updates: Important Changes to Note

Posted by Chaitra Seetharam 04 September 2024 2483 Views

As per Notification No. 12/2024- Central Tax dated 10 July, 2024 published by the Central Board of Indirect Taxes and Customs (CBIC), major changes in the GST Act will have an impact in the GST returns filing

Change in Taxation of Buy Back Of Shares Effective from October 1, 2024

Posted by CA Praveen 04 September 2024 3088 Views

Analyzing The Liberal Nature of Buyback Provisions Under Section 115QA And Section 10(34A): Budget 2024's Response To Curb Potential Misuse And Tax Arbitrage

Ordinary Business and Special Business

Posted by Affluence Advisory 04 September 2024 690 Views

In the governance of companies, the proceedings of shareholder meetings play a critical role. The agenda items discussed in these meetings can be broadly categorized into two types: Ordinary Business and Special Business.

A Chartered Accountant's Checklist for Issuing Certificates and Signing Documents

Posted by CA Mayur Todmal 04 September 2024 1134 Views

To safeguard your practice and uphold the profession's integrity, it's essential to adhere to a thorough checklist before you sign off on any document.

When to Create a New GST Registration Number for Your Business

Posted by Ishita Ramani 04 September 2024 189 Views

Comprehending the need and timing of obtaining a New GST Registration Number is critical for upholding felony compliance and streamlining business approaches.

No Income Tax Rebate u/s 87A Despite Income Below Rs 7 Lakh: Key Scenarios Explained

Posted by Sachin 04 September 2024 1344 Views

Here's a point-to-point summary of the article about cases where no income tax rebate under Section 87A is allowed, even if the total income is below Rs 7 lakh

GST Taxability of Salvage/Wreck Value in Motor Vehicle Damage Claims

Posted by CA Amit Harkhani 03 September 2024 264 Views

The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure the cost of repairs/damages of motor vehicles incurred by the policyholders.