CAclubindia Articles

General Penalty u/s 125 of CGST Act

Posted by Abhishek Raja 12 March 2024 11145 Views

Section 126 of the CGST Act lays down certain guiding principles that must be followed while imposing penalties under the GST regime. These principles ensure that the penalties are imposed fairly, objectively, and in a proportionate manner.

Reversal of ITC on High Sea Sales u/s 17(2) of CGST Act

Posted by Udaya Chandran 12 March 2024 2169 Views

High Sea Sales is one kind of sale transactions prevalent in trade practices where the original importer arranges to sell the importing goods to another buyer b...

Allowability of Interest on delayed payment of TDS

Posted by CA VIVEK JALAN 12 March 2024 2357 Views

For claiming an expenditure while determining the taxable income, an assessee should satisfy the twin conditions of allowance of expenditure pursuant to the provisions of Sec. 30 to 37 of the Act.

Understanding Income Tax Return (ITR): A Comprehensive Guide

Posted by CMA Sonam Verma 12 March 2024 1521 Views

This article aims to provide a comprehensive guide to understanding ITR, including its significance, different types, and the process of filing.

How One should Plan Finances in their Youth?

Posted by CA Umesh Sharma 12 March 2024 314 Views

Wise financial planning in your twenties not only secures your future but also ensures you live your present life more fully and without regret. Let's explore how to effectively navigate this decade financially.

Process for Filing Application u/s 119(2)(b) of IT Act, 1961

Posted by CA. Bhavik P. Chudasama 11 March 2024 16997 Views

Filing an application under Section 119(2)(b) of the Income Tax Act in India typically involves specific procedures.

Types of assessments under GST Act

Posted by CA. Bhavik P. Chudasama 11 March 2024 26766 Views

Assessment is an important process under the Goods and Services Tax (GST) Act in India. It refers to the verification and determination of the tax liability of ...

Relief u/s 90 and Form 67 in Indian Income Tax

Posted by CA Brijmohan Lavaniya 11 March 2024 5656 Views

In this article, we will explore the concept of relief under Section 90, the purpose of Form 67, and whether it can be filed belatedly.

TAN Application Online: How to apply For TAN

Posted by Khush Trivedi 11 March 2024 1384 Views

Every person who is required to deduct TDS(Tax deducted at source)or TCS (Tax Collection at source) of any other person need to obtain TAN (Tax Deduction and Collection Account Number) in order to avail TAN one have to file 49B.

Download MSME Registration Certificate Online

Posted by Khush Trivedi 11 March 2024 1600 Views

MSME stands for Micro, Small, and Medium Enterprisesare backbone of the growing Indian Economy as such industry has a Huge scope of Growth in upcoming Era.