CAclubindia Articles

No ITC Reversal for Non-Taxable LIC Premium Portion

Posted by CA Amit Harkhani 03 September 2024 243 Views

Understand why Input Tax Credit (ITC) isn't reversed for the portion of LIC premiums excluded from taxable value under Rule 32(4). Learn about life insurance taxability.

India's Tax Evolution: Ancient Roots to Modern GST

Posted by akansha Singh 02 September 2024 1778 Views

Explore the fascinating evolution of taxation in India, from ancient texts to the modern GST system. Discover key historical changes and their impact.

Tax Audit Report Deadline: Who Must File by September?

Posted by CA Umesh Sharma 02 September 2024 1191 Views

Discover who needs to file an Income Tax Audit Report by September 30th. Learn about turnover thresholds for businesses and professionals to avoid penalties.

New e-DRS Scheme: Resolve Tax Disputes Faster

Posted by CS Lalit Rajput 02 September 2024 678 Views

Discover the new e-DRS scheme for resolving income tax disputes. Learn about its online platform, eligibility, and how to apply for faster, cost-effective resolution.

Holding Period for Residential Properties: Allotment or Agreement? A Comparative Analysis

Posted by CA. Bhavik P. Chudasama 31 August 2024 4936 Views

This article aims to shed light on this issue, analyzing relevant case laws and providing a comprehensive understanding of the prevailing legal position.

CA Exam Preparation: Expert Guidance for Students

Posted by Chhaviraj Joshi 31 August 2024 770 Views

Master your CA exams with our expert guidance. Discover effective preparation strategies, the importance of articleship, and study tips for success.

India's New Income Tax Act: Simplification & Modernisation

Posted by Sachin 31 August 2024 1723 Views

India's Finance Minister announced a review of the 1961 Income-Tax Act. Discover the need for a modern, simplified tax system to reduce complexity and improve taxpayer services.

CGST Act 2017: Complying with Post-Supply Discounts

Posted by CA Amit Harkhani 30 August 2024 988 Views

Understand how to comply with Section 15(3)(b)(ii) of the CGST Act 2017 for post-supply discounts. Learn about agreements, ITC reversal, and required documentation.

Private Placement vs Preferential Allotment: Key Differences

Posted by Affluence Advisory 31 August 2024 506 Views

Understand the crucial differences between private placement and preferential allotment for fundraising under India's Companies Act, 2013. Learn which suits your business.