CAclubindia Articles

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.

Cryptocurrency and Taxes: Reporting Your Gains in the ITR

Posted by CA Prateek Agarwal 19 July 2024 1098 Views

This article outlines how to effectively report your cryptocurrency gains and ensure compliance with tax regulations.

New Changes in Section 87A Rebate Post-July 2024

Posted by Mitali 18 July 2024 9349 Views

Recent change in ITR utility for rebate u/s 87A has caused confusion and concerns among taxpayers and professionals.

How to Maximize Deductions: A Comprehensive Look at Section 80C and Beyond

Posted by CA Prateek Agarwal 18 July 2024 807 Views

This article provides a comprehensive overview of Section 80C and explores additional avenues for maximizing deductions, helping you optimize your tax strategy....

Inside Byju's Financial Meltdown

Posted by CA Pallav Singhania 18 July 2024 383 Views

This article aims to break down the situation in simple terms and explain what it means for everyone involved.

Understanding Form 26AS: A Key Component for Filing Income Tax Returns (ITR)

Posted by CA Prateek Agarwal 17 July 2024 1594 Views

This article delves into what Form 26AS is, its significance, and what taxpayers should know while filing their ITR.

Signing of Board's report and financial statement - Companies Act and SEBI (LODR)

Posted by Affluence Advisory 17 July 2024 1781 Views

Section 134(1) of Companies Act, 2013 (‘the Act’) provide for signing of board’s report. It read as follows:“(1) The financial statement

Understanding Mutual Fund Factsheets: Key Insights

Posted by CA Rakesh Ishi 16 July 2024 1006 Views

Understanding these components will help investors make better-informed decisions and assess the performance and suitability of mutual funds effectively.1. Fund...

Notifications & Circulars - In light of 53rd GST Council Meeting Recommendations

Posted by Affluence Advisory 16 July 2024 1879 Views

The 53rd GST Council Meeting brought forth significant recommendations that have been elucidated in recent notifications and circulars. The key Notifications an...