CAclubindia Articles
Tax Compliance: Employees Not Liable for Employer's TDS Mismanagement
Explore the intricacies of TDS under the Income-tax Act, 1961, focusing on the responsibilities of deductors, TDS credit provisions, and key judicial rulings protecting deductees from being treated as assessee-in-default. Understand CBDT guidelines and recent high court judgments addressing TDS mismatches and employer-employee tax issues.
IT Department May Impose Rs 10 Lakh Penalty For Non Disclosure of Foreign Income
The Indian government has taken a strong stance against non-disclosure of foreign income and assets, especially with the implementation of stringent provisions under the Income Tax Act and international agreements such as FATCA
Section 40A(3): No Disallowance for Excessive Payments If Business Expediency and Party Genuineness Are Established
Excessive payment u/s 40A(3) are not disallowed in case business expediency and identity and genuineness of parties are proved
Probate, LoA and Succession Certificate
When a person dies without leaving a Will ("Intestate Individual"), his/her succession is called Intestate Succession. It includes (a) Probate; (b) Letter of Administration; and (c) Succession Certificate.
Negative Impact of the GST Portal's New Invoice Management System on Quarterly Return Filers
The Goods and Services Tax (GST) portal has recently introduced a significant update in the form of an Invoice Management System (IMS).
Taxpayers Win - Favourable Case for Rebate u/s 87A on Short-Term Capital Gains
It's a noteworthy Beena Manishbhai Fofaria V/s CIT(Appeals) case that clarifies the application of Section 87A, especially after the amendments brought by the Finance Act, 2023. This ruling is beneficial for many taxpayers.
Why RBI won't cut rates?
A deep dive into why the RBI clings to high interest rates despite mounting pressure, balancing the scales between inflation control and economic growth. Will the December meeting finally break the cycle, or is price stability the ultimate goal?
Cracking the Direct Tax Code
The Direct Tax Code 2025 promises just that, aiming to simplify the tax system and empower taxpayers. Let's explore how this change could transform your financial journey!
Difference between "License" and "Royalty"
Receipts for Transfer of "Copyright" by a Non-Resident (not having a PE in India) to a Resident in India are taxable in India as 'royalty'. However, the Transfer of "License" is not.
Analysis of a Special Procedure for the Rectification of Orders Notified Under Section 148 of the CGST Act, 2017
Relief from demand raised due to wrong availment of ITC for FY 2017-18, 2018-19, 2019-20 and 2020-21 in Contravention of Section 16(4)
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