CAclubindia Articles

CBDT Grants Extra Time for Taxpayers Requiring Audit

Posted by Mitali 26 October 2024 623 Views

Due date to file ITR, those requiring an audit is October 31, 2024. Within this due date taxpayers such as company (whether tax audit applicable or not applicable), other than a company and partner of the firm are required to file the return.

New Rule 47A - Time limit for Self-Invoice under RCM

Posted by CA. Shivam Agrawal 26 October 2024 7117 Views

I am writing to draw your kind attention to the insertion of new Rule 47A in CGST Rules, 2017 with effect from the 1st day of November, 2024, made by the CGST (Second Amendment) Rules, 2024 notified vide Notification no. 20/2024 - Central Tax.

Waiver of Interest and Penalty in terms of Section 128A of CGST Act

Posted by Affluence Advisory 26 October 2024 1721 Views

Section 128A of CGST Act provides for waiver of interest or penalty or both relating to demand under Section 73 of CGST Act pertaining to period July 2017 to March 2018, FY 2018-19, FY 2019-20.

Time Limits for Income Tax Notices and Assessments: Quick Guide

Posted by CA Ruby Bansal 25 October 2024 2316 Views

Explore the key time limits for income tax notices and assessments in this quick guide. Stay informed about deadlines for filing, assessments, and resolving tax matters

Concept of TDS under GST in the Metal Scrap Sector

Posted by CA Piyush Agarwal 25 October 2024 6801 Views

The provisions for Tax Deducted at Source (TDS) under GST, as outlined in Section 51 of the CGST Act, were initially limited to government entities and public s...

PAS 6 Applicability in 2024: Changes and New Guidelines for Unlisted Companies

Posted by Ishita Ramani 25 October 2024 1593 Views

As we move into 2024, it's important to understand the PAS 6 applicability modifications and the new tips affecting unlisted companies. This article delves into the key updates and their implications for organizations.

Perfect Government Scheme for Your MSME

Posted by Ajva Fintech 25 October 2024 229 Views

The Indian government offers a wide array of schemes to support and empower MSMEs. But are you unsure which ones are the perfect fit for your MSME?

Udyam Registration: Benefits, Eligibility and Application Process

Posted by Ajva Fintech 24 October 2024 1983 Views

In this article, we will learn about Udyam registration importance, eligibility and its process.

Brevity: The Hallmark of Good Advocacy in Legal and Tax Replies

Posted by Abhishek Raja 24 October 2024 650 Views

In the complex world of legal and tax proceedings, the ability to communicate effectively is paramount. The adage "brevity is the hallmark of good advocacy" underscores the importance of conciseness in crafting replies to notices and appeals.

Mere position of a person as a director does not automatically make them vicarious liable

Posted by FCS Deepak Pratap Singh 23 October 2024 488 Views

The mere position of an individual as a director of a company does not automatically make them vicariously liable for the actions of the company or its employees.