CAclubindia Articles

Form 10F and its Filing Procedure

Posted by CA.Sangam Aggarwal 06 March 2024 1085 Views

The CBDT notified Rule 21B prescribing the additional information that is required to be furnished by non-residents along with TRC in prescribing Form-10F.

Shareholding Rights of a Subsidiary in its Parent Company

Posted by Ishita Ramani 06 March 2024 362 Views

In this article, we will discuss the shareholding rights of a subsidiary company in its holding company under Section 19.

ITR Verification Process

Posted by Poojitha Raam Vinay

05 March 2024 13899 Views

After the 31st July rush of filing the IT returns, the department of Income Tax has provided 120 days from filing of the return to e verify the return. The Central Board of Direct Taxes (CBDT) in the recent notification has cut down the time limit from 120 days to 30 days for ITRs filed on or after August 1st 2022.

TDS on Purchase of Property For FY 2023-24

Posted by CA S K MISHRA 05 March 2024 21822 Views

Finance Act, 2013 has introduced Sec 194-IA which provides for deduction of tax at source in case of payment of sale consideration of immovable property (other ...

Diving into Diligence: Simplifying the Essence of Due Diligence Across All Endeavors

Posted by Affluence Advisory 05 March 2024 256 Views

Due diligence is a comprehensive process in business transactions involving the exchange, review, and appraisal of confidential legal, financial, and other material information between parties before finalizing the transaction.

Stamp Duty on Transfer of Shares: An Overview

Posted by CS Divesh Goyal 05 March 2024 1616 Views

"Stamp Duty on Transfer of Shares in India" is the topic that this editorial will cover. From a business and professional perspective, this is a crucial issue. At the time of the share transfer, this article will be helpful for everyone.

Why NRIs Prefer Under-Construction Properties: Tax & Benefits

Posted by CA Arun Tiwari 05 March 2024 444 Views

In this article, we will delve into the reasons why NRIs find under-construction properties so appealing. We'll explore the taxation aspects involved and provide insights on how NRIs can navigate the intricacies of dealing with properties that are still in the construction phase.

Common Mistakes by different Age Groups while Financial Planning!

Posted by CA Umesh Sharma 05 March 2024 310 Views

Financial planning is indeed a journey that requires wisdom and foresight. It's essential to recognize that as we age, our financial priorities and challenges change. Today, let's explore the common mistakes people make at different stages of their lives and how to avoid them.

Updated Return u/s 139(8A)

Posted by Kowsalya 04 March 2024 28304 Views

This article gives you an idea of what the Updated Return is under the Income Tax Act 1961, for which Form U is recently notified by CBDT.

GST Composition Scheme: Eligibility, Rules & Features

Posted by Sparsh Wadhwa 04 March 2024 1970 Views

For taxpayers, the Goods and Services Tax (GST) Composition Scheme is an easy-to-understand program. Small taxpayers have the option to pay GST at a fixed rate of turnover and do away with arduous GST requirements.