CAclubindia Articles

A Guide to Obtaining CKYC Registration for Financial Institutions in India

Posted by CS Parveen Sihag 10 April 2024 504 Views

In India, financial institutions are mandated to obtain Central Know Your Customer (CKYC) registration from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).

Empowering MSMEs and Addressing Unauthorized Registrations

Posted by CA Pallav Singhania 10 April 2024 316 Views

This article explores the integration of PAN in India's MSME registration, enhancing transparency and efficiency.

Tax implications one should know before incorporating an LLP

Posted by Anand Krishnakumar 09 April 2024 9788 Views

Tax Implications One Should Know Before Incorporating an LLPWe have previously blogged about why an LLP over a company may be a better option for start-ups cons...

Time limit to avail ITC in Section 16(4) - GST and Recent Judgements

Posted by CA Roopa Nayak 09 April 2024 33372 Views

In this article, the paper writer has examined the relevant decisions wrt 16(4) as well as the validity of credit availed post such due dates.

Can Share Valuation under DCF Method be Rejected and Recalculated by the Assessing Officer?

Posted by Vivek Jalan 09 April 2024 408 Views

Any businessman or entrepreneur, visualises the business based on certain future projection and undertakes all kind of risks. It is the risk factor alone which gives a higher return to a businessman and the income tax department or revenue official cannot guide a businessman in which manner risk has to be undertaken.

Unlocking Convenience: The 'AIS for Taxpayer' App

Posted by CA Pallav Singhania 09 April 2024 377 Views

The Indian Government has recently unveiled a mobile app for taxpayers - the 'AIS for Taxpayer'. Developed by the Income Tax Department, this innovative application serves as a comprehensive tool empowering individuals with seamless access to their tax-related information and facilitating informed financial decision-making.

Understanding Income Tax Returns for OCI Card Holders: A Comprehensive Guide

Posted by CA Arun Tiwari 09 April 2024 1914 Views

Today, we're delving into the world of taxation for OCI (Overseas Citizen of India) card holders - individuals who have relinquished their Indian passports to become foreign citizens while still retaining financial interests in India. By the end of this article, we'll explore when and why OCI card holders should file income tax returns in India.

Section 112A: Tax on long-term capital gains on certain assets

Posted by Aarti Maurya 08 April 2024 8920 Views

Sec 112A provides that a concessional rate of tax at 10% will be leviable on long term capital gains exceeding Rs 100000

Section 10AA of the Income Tax Act, 1961

Posted by Aarika 08 April 2024 6119 Views

Section 10AA of the Income Tax Act, 1961, provides deductions for enterprises operating in Special Economic Zones (SEZs) in India. This section aims to promote exports and attract foreign investment by offering tax concessions to businesses located in SEZs.