CAclubindia Articles

Whether payment by a resident to non-resident for imported software is payment of 'royalty' requiring to deduct tax u/s 195 or a transaction of purchase of goods?

Adv. Ravish Bhatt, ADIT, CIOT 02 October 2022 at 18:22

S.9(1)(vi)(b) of the Income Tax Act, 1961 ("The Act") provides that income by way of royalty payable by a resident except where the royalty is payable in respect of any right, property or information used or services

Understanding Important Tax Audit Reporting Clauses with Funny QAs

Mayank Mohanka 02 October 2022 at 18:12

In this article, I am presenting some hilarious Tax Audit QAs/visualisations conceived and visualised by me, which will help You in understanding all important reporting clauses in the Form 3CD Annexure in the Tax Audit Report (TAR), in a funny yet purposeful and useful manner.

Common Non-Compliances of Financial Reporting - Part 1

CA Rakesh Ishi 02 October 2022 at 17:49

The common non-compliances in reporting requirements of various applicable Statues as observed by the Financial Reporting Review Board (FRRB) constituted by ICAI during the review proceedings.

Due Date Compliance Calendar for the month of October 2022

Neethi V. Kannanth 01 October 2022 at 13:12

Compliance Calendar for the month of October 2022

What is NRE and NRO Account?

Taxblock 01 October 2022 at 08:49

A Non-Resident External (NRE) Account is a bank account that an NRI can open in an Indian scheduled bank to deposit their foreign earnings in India. These accounts can be savings accounts, current accounts, recurring deposits, and fixed deposit accounts

CSR Compliances as per New Rules 2022

Affluence Advisory 30 September 2022 at 14:15

The Companies Act, 2013 (the Act) introduced the mandatory provisions of CSR and accordingly Section 135 of the Act and the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 ["CSR Rules"] framed thereunder govern CSR in India.

Case Study: The Companies Act, 2013

FCS Deepak Pratap Singh 30 September 2022 at 11:11

The article lists down brief analysis on Companies Act, 2013

All about Governance & Compliances

Jyoti Mittal 30 September 2022 at 10:47

By enforcing compliance, the company can prevent and detect violations of the rules which subsequently protects the organization from fines and the lawsuits.

Newly extended time limits till 30th November of next Financial Year

Nilesh Mahajan 30 September 2022 at 09:53

Note on newly extended time limits till 30th Nov of next Financial Year (FY)

What is Filing of 1042 Form?

Taxblock 30 September 2022 at 08:59

Forms 1042, 1042-S, and 1042-T are U.S I.R.S taxation forms dealing with dealings with foreign persons, including non-resident aliens, foreign entities, etc.