CAclubindia Articles

Hostel Accommodation and GST: AAR Ruling and its Implications

Posted by CA Aman Rajput 19 December 2023 3860 Views

This article delves into the details of this ruling and its far-reaching implications for hostel operators across the country.

Automatic Income Tax Arrears Relief Calculator u/s 89(1) and Form 10E for FY 2023-24

Posted by Pranab Banerjee

18 December 2023 18851 Views

Download Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the FY 2023-24

Litigation on RCM on Expat Salary: Northern Operating Systems Case under GST - High Courts and CBIC Intervene

Posted by Vivek Jalan 18 December 2023 3054 Views

After the decision of The Hon'ble Supreme Court in Northern Operating System in the Service tax regime, across the Country taxpayers are calculating their exposure under GST.

Suncraft Energy Triumphs: No Unfair Tax Burden for Supplier's Slip-up

Posted by CA Kunal Jain 16 December 2023 4971 Views

In a landmark case, Suncraft Energy has emerged victorious against the Assistant Commissioner of State Tax, Ballygunge Charge, defying a demand for automatic reversal of input tax credit (ITC).

Business Choices: Sole Proprietorship vs. Partnership Firm

Posted by Ishita Ramani 16 December 2023 1192 Views

In this article, detailed information on what a Sole Proprietorship is and the difference between Sole Proprietorship and a partnership firm is discussed.

Jewellery Found During Search Not Abnormal for High Net Worth Individuals

Posted by CA Aman Rajput 16 December 2023 2107 Views

Whether jewellery found during a search at an HNI's premises could be considered unexplained income under section 69A of the Income-tax Act, 1961.

Form 12BB for employees to submit declaration and Investment proof to save their taxes

Posted by Sparsh Wadhwa 15 December 2023 5650 Views

Using Form 12BB, an employee has to declare the investments that they have made during the year. Documentary evidence of these investments and expenses has to be provided at the end of the financial year as well.

When Storage Becomes Manufacturing Under the Factories Act, 1948

Posted by CA Aman Rajput 15 December 2023 2621 Views

The line between warehousing and manufacturing can be blurry, especially when a warehouse engages in activities beyond mere storage. This can lead to questions about compliance with regulations like the Factories Act, 1948 (the "Act").