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CAclubindia Articles


Mutual Fund Transactions Treated as Investments, Not Business Activities

Posted by CA Kunal Jain 22 January 2024 1656 Views

The appeal in question pertains to the Assessment Year (AY) 2006-07, involving a second round of litigation after the Income Tax Appellate Tribunal (the Tribunal) passed an order dated 16.10.2018.



Guide to Electronic Credit Reversal and Re-claimed Statement (ECRRS)

Posted by CA Akshay Hiregange 22 January 2024 2269 Views

The Government has notified certain changes in Table 4 of Form GSTR-3B to enable taxpayers to report correct information regarding ITC availed, ITC reversal, ITC re-claimed, and ineligible ITC through Notification No. 14/2022 - CT. Circular 170/2022-CGST also was issued to clarify disclosure practices that can be followed.



Export of services and receipt of consideration under GST

Posted by CA Roopa Nayak 22 January 2024 8070 Views

BackgroundIn the GST law, the export of goods/services are zero-rated supplies under the IGST act. The intention of the Government is to promote exports from th...



How to File ESIC Return?

Posted by Ishita Ramani 22 January 2024 935 Views

Employees State Insurance (ESI) is administered by the Employees State Insurance Corporation (ESIC) which is a government organization. The program primarily provides financial and medical assistance to workers and their families.



Ram Mandir Donations: Deduction Allowed under Section 80G?

Posted by CA Aman Rajput 22 January 2024 10220 Views

This article aims to guide you through this maze, shedding light on the tax implications of your Ram Mandir donations.



A Delhi HC Order Paves Way for Swift GST Refund Adjudication

Posted by CA Divyajeet Singh Sabharwal 22 January 2024 2041 Views

For many taxpayers seeking refunds under the Goods and Services Tax (GST) regime, delays and bureaucratic hurdles can feel like an endless maze. But a recent ray of hope emerged from the Delhi High Court, offering a potential escape route with its directive in one of the case.



Financial Realities: Analyzing MSME Dues Disallowance Post Budget 2023

Posted by Ashwin Jain 20 January 2024 6642 Views

Amendment in Section 43B of Income Tax Act, 1961 (Certain expenses to be allowed on payment basis) by insertion of new clause (h) with effect from 01.04.2024



Bombay High Court dissects taxability on 'accrual' concept, when a dispute is under judicial purview

Posted by Vivek Jalan 20 January 2024 1179 Views

Mesne profits, which are yet to be determined, do not come within the purview of an accrued income for the purposes of Section 4 and 5 of the Income Tax Act till the judgment regarding civil dispute was rendered in this regard.



Analysing AO making additions on Peak Purchase Credit

Posted by CA Divyajeet Singh Sabharwal 20 January 2024 485 Views

This judgment, with far-reaching implications for taxpayers and tax authorities, warrants a closer look through the lens of its implecations and detailed analysis.



Committee of Creditors: An Institution of Public Faith under the Insolvency and Bankruptcy Code

Posted by CS Peer mehboob 20 January 2024 515 Views

This article delves into the provisions of the IBC to explore the crucial role of the CoC and its inherent need for ethical conduct.




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