CAclubindia Articles

Capital Receipts and Revenue Receipts: Purpose, Taxability & Examples

Posted by Khush Trivedi 06 March 2024 1410 Views

In any business the basic fuel that requires to keep the business alive is only an Income or Receipts. As the important purpose of an economic activity is to earn money business is generating different types of revenues. We can bifurcate these Revenues or Receipts in two different categories i.e. Capital Receipts & Revenue Receipts

RBI Directions on Filings of Supervisory Returns

Posted by Affluence Advisory 06 March 2024 1764 Views

The Reserve Bank of India has issued Master Directions on the 'Filing of Supervisory Returns' by all Supervised Entities on February 27, 2024. In this article, we will focus on the changes applicable to NBFCs.

Demystifying ITC Reflection: Asserting the Validity of ITC in GSTR-3B and Beyond

Posted by Vivek Jalan 06 March 2024 706 Views

Valid ITC cannot be denied merely due to Reflection in GSTR-3B. Availment of valid ITC in books, GSTR-9 and GSTR-2B is sufficient

Form 10F and its Filing Procedure

Posted by CA.Sangam Aggarwal 06 March 2024 1085 Views

The CBDT notified Rule 21B prescribing the additional information that is required to be furnished by non-residents along with TRC in prescribing Form-10F.

Shareholding Rights of a Subsidiary in its Parent Company

Posted by Ishita Ramani 06 March 2024 361 Views

In this article, we will discuss the shareholding rights of a subsidiary company in its holding company under Section 19.

ITR Verification Process

Posted by Poojitha Raam Vinay

05 March 2024 13898 Views

After the 31st July rush of filing the IT returns, the department of Income Tax has provided 120 days from filing of the return to e verify the return. The Central Board of Direct Taxes (CBDT) in the recent notification has cut down the time limit from 120 days to 30 days for ITRs filed on or after August 1st 2022.

TDS on Purchase of Property For FY 2023-24

Posted by CA S K MISHRA 05 March 2024 21821 Views

Finance Act, 2013 has introduced Sec 194-IA which provides for deduction of tax at source in case of payment of sale consideration of immovable property (other ...

Diving into Diligence: Simplifying the Essence of Due Diligence Across All Endeavors

Posted by Affluence Advisory 05 March 2024 256 Views

Due diligence is a comprehensive process in business transactions involving the exchange, review, and appraisal of confidential legal, financial, and other material information between parties before finalizing the transaction.

Stamp Duty on Transfer of Shares: An Overview

Posted by CS Divesh Goyal 05 March 2024 1616 Views

"Stamp Duty on Transfer of Shares in India" is the topic that this editorial will cover. From a business and professional perspective, this is a crucial issue. At the time of the share transfer, this article will be helpful for everyone.

Why NRIs Prefer Under-Construction Properties: Tax & Benefits

Posted by CA Arun Tiwari 05 March 2024 444 Views

In this article, we will delve into the reasons why NRIs find under-construction properties so appealing. We'll explore the taxation aspects involved and provide insights on how NRIs can navigate the intricacies of dealing with properties that are still in the construction phase.