CAclubindia Articles

Navigating NRI Ownership of Agricultural Land in India

Posted by CA Arun Tiwari 30 December 2023 1606 Views

Navigating the intricate rules surrounding the acquisition and ownership of agricultural land in their home country can be challenging for Non-Resident Indians (NRIs) in today's fast-changing world. Many NRIs, after earning abroad, choose to invest their money back in their home country.

Last date to file Income tax return is 31st December 2023

Posted by Sparsh Wadhwa 30 December 2023 3459 Views

This article explores the importance of filing a belated return and presents a step-via-step guide on how to document it on line.

SEBI Revamps Social Stock Exchange: Increased Scrutiny, New Instruments Boost Transparency and Impact

Posted by CA Aman Rajput 29 December 2023 711 Views

The Securities and Exchange Board of India (SEBI) has announced significant changes to the framework of the Social Stock Exchange (SSE) in a move aimed at strengthening oversight, enhancing transparency, and attracting impactful social enterprises.

RBI's Move to Regulate Investments in Alternative Investment Fund (AIFs)

Posted by Affluence Advisory 29 December 2023 621 Views

On 19th December 2023, the Reserve Bank of India (RBI), issued guidelines regarding investments made in Alternative Investment Funds (AIFs) made by Banks and Non-banking Financial Companies (NBFCs), commonly referred to as regulated entities

Respond To Notice DRC-01

Posted by CA Ruby Bansal 28 December 2023 10482 Views

DRC-01 stands for "Demand and Recovery Certificate-01" is a form that is used by the officer under GST to issue a summary of the show cause notice to a taxpayer.

ITR Filing Due Date FY 2023-24 (AY 2024-25)

Posted by Shivani 28 December 2023 23137 Views

For FY 2022-23 (AY 2023-24), the original ITR filing deadline was July 31, 2023, with no late fee. If missed, you can file a belated return by December 31, 2023, but with a late fee and interest.

Decoding the Legitimacy of Business Expenses

Posted by CA Rakesh Ishi 28 December 2023 745 Views

In a recent case, Swing Infraspace P. Ltd. found itself in the crosshairs of the Income Tax authorities concerning the allowability of certain expenses under Section 37(1) of the Income Tax Act, 1961.

Property Acquisition and Transfers in India: A Guide to FEMA Regulations for NRI/OCI and Foreign Nationals

Posted by DHANUSH D BOLAR 28 December 2023 1150 Views

FEMA does not define the term 'immovable property. In general, the term will include all types of immovable property residential, commercial, industrial or agricultural property.

Understanding Section 16 and Automating Form 16 Part B Preparation for 100 Employees in FY 2023-24

Posted by Pranab Banerjee

28 December 2023 3231 Views

Section 16- Standard Deduction, Entertainment Allowance, and Professional Tax: Unraveling the Tax Web with Automatic 100 Employees Form 16 Part B Preparation for the FY 2023-24

Minimum thirty days to be provided to reply to a GST SCN

Posted by Vivek Jalan 27 December 2023 2376 Views

Going to Tribunal under GST requires 30% pre-deposit. Moving to High Court in each case requires hefty charges which may be affordable in some cases but not in all cases.