CAclubindia Articles

Capital Gains Tax India

Aisha 24 January 2023 at 13:28

Capital gain is the profit made from the sale of a capital asset, such as real estate, stocks, or bonds. The capital gain is the difference between the purchase price of the asset and the selling price. If the selling price is lower than the purchase price, the result is a capital loss.

Comments On Publication Of Annual Transparency Reports By Auditor/Audit Firms

kotte murali krishna 24 January 2023 at 12:13

DHFL has diverted Rs 34,615Cr borrowed from banks. The CBI has alleged that DHFL‘s promoters formed 87 shall companies, created more than 2,60,000 "Fictitious borrowers' and set up "Virtual Branch "to divert money borrowed from banks".

SEBI (LODR) Amendment Regulations 2023

Affluence Advisory 24 January 2023 at 09:56

SEBI vide its Notification dated 17th January 2023 has notified the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

RBI Circular on Safe Deposit Locker/Safe Custody Article Facility

CS Lalit Rajput 24 January 2023 at 09:05

Reserve Bank of India (RBI), vide its Notification No RBI/2022-23/168 CO.CEPD.PRS.No.S1233/13-01-018/2022-2023dated 23rd January, 2023, has announced a circular on "Safe Deposit Locker/Safe Custody Article Facility provided by banks"

FAQs/Clarification on MCA V-3

CS Divesh Goyal 24 January 2023 at 09:01

MCA has launched 56 forms of Companies Act, 2013 on its V-3 portal w.e.f. 23rd January 2023. There are many changes in the process of filing, information required to mention in forms, attachments of the forms etc.

PUFE Transactions - Life saver for Corporate Debtor and for RP

CA. Chikkerur C R 23 January 2023 at 12:48

In the world of insolvency & bankruptcy in India, PUFE transactions are important and life saver for corporate debtor as for RP. PUFE means Preferential, Undervalued Fraudulent, Extortionate transaction. These are the transactions which directly or indirectly made CD to undergo CIRP or liquidation.

Seizure and sealing during search under GST

CA PIYUSH KAPOOR 23 January 2023 at 11:27

Sections 67 to 72 of the Central Goods and Services Tax Act, 2017 deals with the provisions related to inspection, search, seizure and arrest. Section 67 of CGS..

GST department audit and approach by taxpayers

CA Roopa Nayak 23 January 2023 at 10:01

In this article, the paper writer has examined the provisions of Audit under section 65 as well as best practices in facing GST dept audit.

The 12% Club

Nikhil Kothari 23 January 2023 at 09:51

The 12% Club is a technology-based application for borrowing and lending funds powered by Bharat Pe.

Filing ITR-U return in India

FCS Amit Kumar Sharma 23 January 2023 at 09:21

The ITR-U return is a great facility provided by the government to benefit taxpayers who have failed to file their ITRs on time. This step taken by the government will help taxpayers to stay compliant with the tax laws and also help them to avoid any penalties or interest.