CAclubindia Articles

A Deep Look with a Common Man's Eye at Section 6 of the Income Tax Act

Posted by CA. Bhavik P. Chudasama 01 June 2024 756 Views

Understanding your residential status for tax purposes is crucial in India. For individuals and entities operating in the ever-evolving tax landscape of India, determining residential status is paramount. Section 6 of the Income Tax Act, 1961, serves as the cornerstone for navigating this crucial aspect.

Mastering CA: The Power of Positivity and Mindfulness in Your Journey

Posted by Aarti Maurya 01 June 2024 460 Views

CA could be the most rewarding course if we stay positive and calm during our journey.

Share Transfer Vs Share Transmission

Posted by Ishita Ramani 01 June 2024 567 Views

In this article, we will discuss the definitions of "share transfer" and "share transmission," as well as the differences between these two terms.

Big Update - New IRDAI Rules Released To Ensure Faster Health Insurance Claims

Posted by Mitali 31 May 2024 1007 Views

IRDAI Mandates insurers to provide immediate claim settlement in various cases. check out when to provide this immediate claim settlement?

Detailed Breakdown of Incomes and Expenses in AIS Reporting

Posted by Priya Mulukutla 31 May 2024 4723 Views

57 types of incomes and expenses to be reported in the Annual Information Statement (AIS) on the Income Tax portal notified by CBDT.

Redevelopment of society: Tax implications

Posted by Affluence Advisory 31 May 2024 1669 Views

Redevelopment of society means tearing down an existing oneone and building a new one in place of it. it. Simply put, it isa reconstruction a reconstruction of the existing residential and/or commercial structure.

Reverse Charge Mechanism (RCM) under GST

Posted by Nitesh bind 30 May 2024 24488 Views

Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) is a process where the recipient of goods or services is liable to pay the GST directly to the government.

Reverse Charge Mechanism (RCM) under GST Regime

Posted by CA Vipin Garg 30 May 2024 28836 Views

The Reverse Charge Mechanism (RCM) under GST Regime is two-fold. Case1: Specified Supplies- Sec 9(3) of CGST Act Case 2: Supplies from Unregistered Persons- ...

Understanding of Reverse Charge Mechanism (RCM) under GST

Posted by Pratik Rathi 30 May 2024 19614 Views

Normally, the supplier of goods or services pays the tax on supply. In the case of Reverse Charge Mechanism, the receiver of goods or service is becomes liable ...

All About GSTR-1

Posted by Neethi V. Kannanth 30 May 2024 8854 Views

GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given in further sections. It contains details of all outward supplies i.e sales.