CAclubindia Articles

Case Study: Taxation of Charitable Institutions

FCS Deepak Pratap Singh 22 February 2023 at 09:57

A charitable trust derived its income from the business of providing mineral water to various companies situated in Software Technology Park in Hyderabad. A sum of Rs. 30 Lakhs has been derived as income from such business activity, which has been applied for the purpose of "General Public Utility".

The Best of Human Relationship

T.R.Radhakrishnan 22 February 2023 at 09:36

For the best of human relationship accept the people as they are

7 Simple steps to improve your CIBIL Score

Rashmi 22 February 2023 at 08:49

Your CIBIL score is a measure of your creditworthiness and it plays a crucial role in determining your ability to get credit in the future.

Saving is more precious than earning money

Abhishek Kumar 21 February 2023 at 14:00

Saving is an essential part of our life which must be learned by youngsters because this is the time when our requirement list is huge but after purchasing everything, we lose our money and feel nothing.

IT calculator for AY 2024-25 with IT ready reckoner for FY 2023-24

Pranab Banerjee 21 February 2023 at 09:01

A quick review (Limited Information) of the applicable provisions under the Income Tax Act, 1961 for the F. Y. 2023-24 (A. Y. 2024-25), after incorporating amendments (only key and selective amendments) proposed by the Union Budget of 2023, are given below for ready reference and information.

Duties and rights of a partner in an LLP

Ishita Ramani 21 February 2023 at 09:01

An LLP can continue to exist despite changes in the partners. It is capable of entering into contracts and holding property in its own name. It can sue or be sued in its own name. LLP annual compliance standards are significantly less strict.

9 Tax savings Investment options that you shouldn't Miss!!

Rashmi 20 February 2023 at 17:04

Here are 9 options that you don't want to miss out on tax savings

GST Amnesty Scheme proposed in 49th GST council meeting

CA Umesh Sharma 20 February 2023 at 14:12

GST Council Meeting held on 18th February 2023 recommended various GST amnesty schemes and certain changes in tax rates along with rationalization in Late Fees for Annual return were also proposed.

Legal Aspects of Foreign Investment in India by a Person Resident outside India in Unlisted Indian Company and its Compliances by Indian Companies

Harsh Jain 20 February 2023 at 10:30

In this article, we will discuss statutory provisions as to investment by a person resident outside India in unlisted companies and compliances undertaken by an Investee Company or Indian Company.

Highlights from the 49th GST Council Meeting: Key Decisions and Recommendations

CA Harshit Goyal 20 February 2023 at 10:30

The 49th GST Council Meeting was held on February 18, 2023, to discuss and make recommendations on several issues related to the Goods and Services Tax. The Council proposed several recommendations, including compensation for GST, GST Appellate Tribunal, capacity-based taxation, and special composition schemes for certain sectors.