CAclubindia Articles

The new concept of Small LLP

CA Puja Sharma 05 March 2022 at 17:33

The main objective behind the introduction of this new class of LLP is to aid small LLP businesses in the ease of doing business in India. The Government has taken various steps in recent years to ease out the difficulties faced by the businesses in India.

Why is it important to consider cyber risk in risk assessment procedure during audit

CA Amrita Chattopadhyay 05 March 2022 at 11:16

The importance of cyber risk assessment has increased manifold due to the pandemic. Some of the cyber threats which has developed over the last two years during the pandemic were the ransomware where the attack has increased by 150% due to the "Work from home" culture.

Whether sub-leasing of properties will be taxable in PGBP or income from house property

FCS Deepak Pratap Singh 05 March 2022 at 08:46

Whether Income from Sub-leasing of properties will be considered as Income from Profits and Gain from Business or Profession (Section 28) or Income form House Property (Section 22).

Assessment under provisions of Section 153A of IT Act, 1961

FCS Deepak Pratap Singh 04 March 2022 at 12:15

SOME IMPORTANT FACTS RELATED TO ASSESSMENT UNDER SECTION 153A OF THE INCOME TAX ACT, 1961

Can GAAR override DTAA?

Mayank Mohanka 04 March 2022 at 08:39

In this article, I am making an honest and sincere attempt to find a plausible, logical and well-reasoned answer to this complicated question, analysing the applicable provisions of the Constitution of India, the Income Tax Act, 1961

Introduction of E-Bill system in government departments

CA Puja Sharma 04 March 2022 at 08:39

In the budget 2022, the Finance Minister announced a new concept of the E-Bill processing system to be implemented in the government departments. The goal is to bring more transparency, efficiency, and end-to-end digitization to the government payment system.

Why only completed journeys are appreciated?

isha pandey 04 March 2022 at 08:39

Not that the world will appreciate the same efforts but atleast we can bring the change and start appreciating the actual efforts rather than preaching a degree where majority of students leave at some point of time.

Reversal of input tax credit - Real estate sector

FCS Deepak Pratap Singh 03 March 2022 at 12:35

As you are aware that implementation of Goods and Services Ac,2017(GST) is one of the most important act of this NDA Government. Through implementation of GST the concept "One Tax one Nation" has been fulfilled and the tax system of India has been totally overhauled.