CAclubindia Articles

Simplifying Variances Between Ind AS and AS in Inventory Valuation

CA Rakesh Ishi 30 December 2023 at 10:33

rakesh91ishi@gmail.com

Navigating NRI Ownership of Agricultural Land in India

CA Arun Tiwari 30 December 2023 at 08:55

Navigating the intricate rules surrounding the acquisition and ownership of agricultural land in their home country can be challenging for Non-Resident Indians (NRIs) in today's fast-changing world. Many NRIs, after earning abroad, choose to invest their money back in their home country.

Last date to file Income tax return is 31st December 2023

Sparsh Wadhwa 30 December 2023 at 08:55

This article explores the importance of filing a belated return and presents a step-via-step guide on how to document it on line.

SEBI Revamps Social Stock Exchange: Increased Scrutiny, New Instruments Boost Transparency and Impact

CA Aman Rajput 29 December 2023 at 08:52

The Securities and Exchange Board of India (SEBI) has announced significant changes to the framework of the Social Stock Exchange (SSE) in a move aimed at strengthening oversight, enhancing transparency, and attracting impactful social enterprises.

RBI's Move to Regulate Investments in Alternative Investment Fund (AIFs)

Affluence Advisory 29 December 2023 at 08:52

On 19th December 2023, the Reserve Bank of India (RBI), issued guidelines regarding investments made in Alternative Investment Funds (AIFs) made by Banks and Non-banking Financial Companies (NBFCs), commonly referred to as regulated entities

Respond To Notice DRC-01

CA Ruby Bansal 28 December 2023 at 17:43

DRC-01 stands for "Demand and Recovery Certificate-01" is a form that is used by the officer under GST to issue a summary of the show cause notice to a taxpayer.

ITR Filing Due Date FY 2023-24 (AY 2024-25)

Shivani 28 December 2023 at 15:30

For FY 2022-23 (AY 2023-24), the original ITR filing deadline was July 31, 2023, with no late fee. If missed, you can file a belated return by December 31, 2023, but with a late fee and interest.

Decoding the Legitimacy of Business Expenses

CA Rakesh Ishi 28 December 2023 at 11:55

In a recent case, Swing Infraspace P. Ltd. found itself in the crosshairs of the Income Tax authorities concerning the allowability of certain expenses under Section 37(1) of the Income Tax Act, 1961.

Property Acquisition and Transfers in India: A Guide to FEMA Regulations for NRI/OCI and Foreign Nationals

DHANUSH D BOLAR 28 December 2023 at 08:52

FEMA does not define the term 'immovable property. In general, the term will include all types of immovable property residential, commercial, industrial or agricultural property.

Understanding Section 16 and Automating Form 16 Part B Preparation for 100 Employees in FY 2023-24

Pranab Banerjee 28 December 2023 at 08:52

Section 16- Standard Deduction, Entertainment Allowance, and Professional Tax: Unraveling the Tax Web with Automatic 100 Employees Form 16 Part B Preparation for the FY 2023-24