CAclubindia Articles

Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]

Posted by FCS Deepak Pratap Singh 22 July 2024 257 Views

In the instant case, evidently, the tax liability discharged by the assessee was in pursuance of the agreement with the transferor for taking over the business and was a part of the consideration for the transfer.

Key Ratios to Consider When Selecting a Mutual Fund

Posted by CA Prateek Agarwal 22 July 2024 511 Views

This article explores the essential ratios you should consider when selecting a mutual fund.

Microsoft's Oops: The World's Worst IT Hangover

Posted by CA Pallav Singhania 20 July 2024 887 Views

Microsoft Global IT Outage Disrupts Airlines, Banks, Healthcare, and RetailSUMMARYThe Microsoft Global IT Outage, occurring on multiple occasions such as in Jan...

RBI allows remittances for all permissible purposes to IFSCs under the LRS

Posted by Affluence Advisory 20 July 2024 331 Views

The Reserve Bank of India (RBI) has vide its Circular dated July 10, 2024 allowed remittances for all permissible purposes under the Liberalized Remittance Sche...

What Are Mutual Funds and How to Choose the Right One

Posted by CA Prateek Agarwal 20 July 2024 745 Views

This article explores what mutual funds are and outlines key criteria to consider when choosing the right mutual fund for your financial goals.

Everything about Latest Amendment in DIR 3 KYC

Posted by CS Divesh Goyal 19 July 2024 2177 Views

In this article, the author will discuss the "Latest Amendment in DIR-3 KYC."

Slump Sale - Section 50B of Income Tax Act 1961

Posted by J. D. Shah Associates 19 July 2024 2097 Views

What is a Slump Sale?According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a

GST Implications in Case of Accommodation Service Pursuant to recommendations made in the 53rd GST Council Meeting

Posted by Affluence Advisory 19 July 2024 984 Views

Heading 9963 which also covered Accommodation services has been removed from Sl. No. 12 of Notification no. 12/2017. Also, a new explanation i.e. Explanation 2 is inserted in Sr. No. 12 of the said notification.