CAclubindia Articles
Direct Tax Code (DTC): Features, Challenges & Criticisms
Explore India's Direct Tax Code (DTC): understand its key features, the challenges faced during implementation, and the criticisms it has drawn. Learn about tax reform.
Is trading in a Life Insurance Policy allowed?
"It is suggested that life insurance policies be treated as a capital asset falling within the definition of "property" under Section 2(14) of the Income Tax Act. Indexation benefit (for premiums paid) will take care of inflationary impact, resulting in parity with other capital assets," ICAI said in its Pre-Budget Memorandum, 2022.
No ITC Reversal for Non-Taxable LIC Premium Portion
Understand why Input Tax Credit (ITC) isn't reversed for the portion of LIC premiums excluded from taxable value under Rule 32(4). Learn about life insurance taxability.
India's Tax Evolution: Ancient Roots to Modern GST
Explore the fascinating evolution of taxation in India, from ancient texts to the modern GST system. Discover key historical changes and their impact.
Tax Audit Report Deadline: Who Must File by September?
Discover who needs to file an Income Tax Audit Report by September 30th. Learn about turnover thresholds for businesses and professionals to avoid penalties.
New e-DRS Scheme: Resolve Tax Disputes Faster
Discover the new e-DRS scheme for resolving income tax disputes. Learn about its online platform, eligibility, and how to apply for faster, cost-effective resolution.
Case Study: Lease Rent Payment (Fixed or Variables)
In the given case, payment of Rs 2 per bottle packed is variable is nature because the no. of bottle packed will vary.
September 2024 Compliance Calendar
As a business owner, staying compliant with various statutory requirements is essential for smooth operations and to avoid penalties. For the month of September 2024, there are several key due dates that you should be aware of.
Holding Period for Residential Properties: Allotment or Agreement? A Comparative Analysis
This article aims to shed light on this issue, analyzing relevant case laws and providing a comprehensive understanding of the prevailing legal position.
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...
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