CAclubindia Articles

Common mistakes to avoid while filing GSTR-1 and GSTR-3B

Posted by Nikita Agarwal 06 April 2024 8906 Views

GSTR-1 and GSTR-3B are two types of GST returns that businesses registered under the Goods and Services Tax (GST) regime in India need to file to comply with tax regulations.

Decoding section 115BBE

Posted by CA Ankesh Patni 06 April 2024 5693 Views

This article aims at highlighting the retrospective amendment in provisions of section 115 BBE of the Income Tax Act, 1961 and its applicability.

A Deep Understanding of GST Department's Guidelines on Summons

Posted by Abhishek Raja 06 April 2024 2911 Views

The Indian GST Department has issued new guidelines Instruction No. 01-2023-24 dated 30-Mar-2024, to CGST field formations on maintaining ease of doing business while engaging in investigations with regular taxpayers.

Cash Transaction Limits under Income Tax Act

Posted by CA Shruti Singhal 06 April 2024 14150 Views

The tax audit season is about to begin. This article aims to refresh the existing limits of cash transactions. The Income Tax Act in India discourages cash transactions to promote transparency and curb tax evasion.

Simplifying GST on Hotel, Restaurant & Outdoor Catering Services

Posted by CA. Bhavik P. Chudasama 06 April 2024 3650 Views

This article aims to demystify the GST maze for hoteliers, restaurateurs, and caterers, offering a clear and concise guide to ensure smooth compliance and maximize tax benefits.

A Guide to Early Filing for FY 2023-24 with Automatic Income Tax Form 16 Part B in Excel

Posted by Pranab Banerjee

06 April 2024 1174 Views

Income Tax Department Facilitates Early Filing of Returns for FY 2023-24 with Automatic Income Tax Form 16 Part B in Excel for FY 2023-24 as per New and Old Tax Regime

NRI Property Sale: Hassle-Free Guide

Posted by CA Arun Tiwari 06 April 2024 515 Views

In this comprehensive guide, we'll walk you through the step-by-step process for a hassle-free property sale experience. By following these steps, you'll have a clear plan and approach to make your property sale a smooth and successful one.

EPFO's Latest: Automatic PF Transfer for Job Switcher

Posted by Mitali 05 April 2024 2784 Views

As new financial year came, starting with the 1st April Employees' Provident Fund Organisation (EPFO) has introduced a system that gives a hassle free PF Transfer for Job Movers.

Things to do in Year-end Closing and New Financial Year under GST

Posted by Ankit Khandelwal 05 April 2024 1443 Views

Discover essential tips for Year-end Closing and preparing for the New Financial Year under GST.

Exploring the Legality: Interest-Free Loans from Parent Companies to Wholly Owned Subsidiaries

Posted by CS Binit Thakur 05 April 2024 5799 Views

The matter at hand involves the permissibility of a company extending an interest-free loan to its Wholly Owned Subsidiary Company, as governed by the provisions of Section 186 of the Companies Act, 2013. The key considerations and relevant provisions are summarized below.