CAclubindia Articles
Do you know the UPI Transaction Limit for FY 24-25
UPI transaction limit is ranging from Rs. 25,000 to Rs. 1 lakh. Payments related to educational institutions and healthcare, limits has been increased. Know here the full UPI Transaction Limit for FY 23-24
My income is below the basic exemption limit. Should I file a Nil Return?
NIL Return means when an individual filed Income Tax Return which is below the threshold limit. While it not so mandatory if you have no taxable income for the year. But it can be beneficial for record-keeping and other administrative purposes.
Key Takeaways from 53rd GST Council Meeting
Insights into the 53rd GST Council Meeting: What You Need to Know!
Navigating Revenue Recognition: A Comprehensive Guide to IND AS 115
The core principle of IND AS 115 is that revenue should be recognized to reflect the transfer of promised goods or services to customers in an amount that represents the consideration to which the entity expects to be entitled.
5 Essential Documents for NRI Property Transactions in India
Today, we'll discuss five crucial legal documents or terms you need to know when buying or selling property in India.
Understand The Alteration of Share Capital, Types and Process
In this article, we will delve into "What is Alteration of Share Capital?", "Types of Alteration of Share Capital," and "The Process for Alteration of Share Capital."
Indications of Possible Money Laundering Activities
A Money Laundering is a global activity and found all over world, a money launderer earn cash or funds from smuggling, human trafficking, bribe, corruption and from anti national activities. The fund generated through these activities generally not come into mainstream and generally utilised for terrorist and anti-social activities.
Liberal GST Relaxations recommended in Sec 16(4) and Appeal in the 53rd GST Council Meeting
The 1st GST Council meeting under the 3rd term of Shri Narendra Modi's NDA government was expected to bring relief to some painful aspects of GST law, and t...
Why Bank Account Validation is Crucial for Your Tax Refund?
The Income Tax Department gave an important update regarding the Validation of Bank Accounts. The Department took to X (formerly known as Twitter) to bring the taxpayers' attention to the necessity of validating bank accounts for the smooth receipt of refunds.
Most Popular Recommendations from 53rd GST Council Meeting!
The 53rd GST Council Meeting was held on 22nd June 2024, wherein the focus was on discussing matters concerning Trade Facilitation & Providing Relief to Taxpayers. Key Recommendations made by the council like waiver of interest & penalty for a specified period & Introduction of GSTR 1A will surely be music to the ears of the taxpayers.
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