CAclubindia Articles

Diwali Gifts, Perquisites and Tax Issues

CA Umesh Sharma 20 November 2023 at 14:44

There are many taxpayers who gain financially by receiving Gifts on various occasions and Diwali is one of them. There is no Tax Exemption for Gift received from third person if value of Gift exceeds Rs. 50,000.

GST Reconciliation: A Comprehensive Guide for Indian CAs, Accountants and Businesses

Aisha 20 November 2023 at 13:19

In this blog, we will discuss the importance of GST reconciliation, the challenges that businesses face, and how Suvit can help. We will also provide best practices for GST reconciliation and common mistakes to avoid.

GST on Personal & Corporate Guarantee

CA Akshay Hiregange 20 November 2023 at 10:02

The 52nd GST council has recommended clarity w.r.t personal guarantee given by a director and Corporate Guarantee including GST taxability on the same. This has been a long pending issue.

Hostels/PGs and GST exemption for residential accommodation

CA Roopa Nayak 20 November 2023 at 08:51

In this backdrop, the paper writer has examined GST exemptions available to this sector under GST,as well as whether GST would be liable on renting of residential accommodation as well as on hostels charging upto Rs.1000 per day per unit post 18.7.2022.

Distinguishing Characteristics: Chartered Accountants vs. Non-CA Consultants

Usama Ansari 20 November 2023 at 08:37

In this article, we'll delve into the distinguishing characteristics that set Chartered Accountants apart from non-CA consultants.

RBI Enhances Risk Weights on Consumer Credit and Bank Credit to NBFCs

CA Aman Rajput 20 November 2023 at 08:36

The Reserve Bank of India (RBI) has announced a set of measures to address the high growth in consumer credit and the increasing dependence of NBFCs on bank borrowings.

How to file Belated Income Tax Return after due date?

Sparsh Wadhwa 18 November 2023 at 07:40

This article delves into the intricacies of belated returns, outlining their limitations, consequences, and the step-by-step process of filing online under Section 139(4).

Empowering Chartered Accountants in India: Government-Granted Authorities and Responsibilities

Usama Ansari 18 November 2023 at 07:40

This article delves into the multifaceted world of CAs in India, elucidating the government-granted authorities bestowed upon them and the corresponding responsibilities they shoulder.

RBI's Crackdown on Digital Lending: Action taken on this company

CA Aman Rajput 18 November 2023 at 07:40

Let's discuss about Action against Bajaj Finance Ltd. under Section 45L(1)(b) of the Reserve Bank of India Act, 1934

Tips on Career Abroad

CMA Mrudula M 17 November 2023 at 17:15

With experience of moving abroad and starting a career in the UK, I have collated tips on how you could start the process and get closer to achieving your goal