CAclubindia Articles
GST on Passenger Transportation in EVs and Renting of EVs
GST on Passenger Transportation in EVs and Renting of EVs Renting v/s Transportation of Passengers:As per Circular No. 177/09/2022-TRU Entry 15:Renting of moto...
Preparation for CA Exams - Guidance to Students
A professional course such as CA, CS or CMA is highly desirable by students because of the specialized knowledge (Accountancy, Law, Costing, and other subjects) it imparts and also tremendous career opportunities, whether in job or practice. Also to be considered is that these professionals have certification power backed by the law.
Towards a Modern Tax System: The Need for a New Income-Tax Act in India
In her budget speech in July 2024, Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income-Tax Act. The review is expected to be completed before the next Budget, aiming to reduce compliance burdens and improve clarity for taxpayers.
Comparative Analysis of Private Placement and Preferential Allotment
The rise in start-up culture and entrepreneurship in India over the past few years has resulted in an increase in fundraising by businesses. While launching a business has many obstacles, raising finance is the main one that all new businesses must overcome.
Mechanism to compliance of Section 15(3)(b)(ii) of CGST Act, 2017
Here's a simplified explanation of the mechanism for providing evidence of compliance with Section 15(3)(b)(ii) of the CGST Act, 2017 (Circular No. 212/6/2024_26.06.2024).
Amendments In Income Tax Act 1961 through Finance Act, 2024
The Finance (No. 2) Bill, 2024 was presented by the Hon'ble Finance Minister (FM) Nirmala Sitharaman on 23 July 2024. While moving the Bill for approval by the Lok Sabha on 7 August 2024, the FM introduced amendments to FB (No, 2) 2024 (Amended Bill) and the bill was passed on 16th of August, 2024 in form of THE FINANCE (No. 2) ACT, 2024.
Impact of New GST Registration Rules on Startups
This article examines how the new GST registration regulations will affect startups, highlighting the advantages as well as the difficulties.
Introduction of RCM Liability/ ITC statement
A statement called RCM liability/ ITC statement has been introduced on GST portal.
Essential Income Tax Deadlines for September 2024
Tax planning is vital for effective financial management and avoiding penalties. The income tax department has outlined crucial deadlines for September 2024.
Case Study: Change in Accounting Estimates And Errors Reporting
In the given case, the retrospective restatement has no effect on the information in the balance sheet at the beginning of the preceding period (i.e., 1st April 2021). Therefore, PQR Ltd. is not required to present a third balance sheet.
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