CAclubindia Articles

Resolution for Traces Website Error - Error in establishing connection with traces websocket emsigner

Posted by CA Kunal Arora 28 December 2023 242343 Views

Many of us during filing of TDS returns or rectifications on the traces portal have faced the issue as shown in the image.This article will guide you to 100% gu...

Decoding the Legitimacy of Business Expenses

Posted by CA Rakesh Ishi 28 December 2023 749 Views

In a recent case, Swing Infraspace P. Ltd. found itself in the crosshairs of the Income Tax authorities concerning the allowability of certain expenses under Section 37(1) of the Income Tax Act, 1961.

[SOLVED] Failed to Establish the connection to the server. Kindly restart the Emsigner - GST Portal

Posted by Prajjwal Kaushik 28 December 2023 894230 Views

Possible ways that will help you find a way out to the error “Failed to establish a connection to the server. Kindly restart the Emsigner. Click here to troubleshoot.”

Property Acquisition and Transfers in India: A Guide to FEMA Regulations for NRI/OCI and Foreign Nationals

Posted by DHANUSH D BOLAR 28 December 2023 1167 Views

FEMA does not define the term 'immovable property. In general, the term will include all types of immovable property residential, commercial, industrial or agricultural property.

Understanding Section 16 and Automating Form 16 Part B Preparation for 100 Employees in FY 2023-24

Posted by Pranab Banerjee

28 December 2023 3239 Views

Section 16- Standard Deduction, Entertainment Allowance, and Professional Tax: Unraveling the Tax Web with Automatic 100 Employees Form 16 Part B Preparation for the FY 2023-24

Penalty Levied For Violation of Section 122(1)(i) of CGST Act, 2017

Posted by CA Ruby Bansal 27 December 2023 8039 Views

The officers are conducting on-site visits to entities and shops to purchase products and inspect the issued invoices. If the invoices are fake or incorrect, they issue notices under section 122 (1) (i) of the CGST Act, 2017.

Minimum thirty days to be provided to reply to a GST SCN

Posted by Vivek Jalan 27 December 2023 2379 Views

Going to Tribunal under GST requires 30% pre-deposit. Moving to High Court in each case requires hefty charges which may be affordable in some cases but not in all cases.

Understanding TDS Under Section 195

Posted by CA Rakesh Ishi 27 December 2023 8569 Views

In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr.

Can a Category III AIF invest in Mutual Funds on a permanent basis as a part of their multi asset portfolio?

Posted by Affluence Advisory 27 December 2023 578 Views

A Category III Alternative Investment Fund (AIF) requested the Securities and Exchange Board of India (SEBI) for an Informal Guidance by way of the interpretative letter under the provisions of the SEBI (Informal Guidance) Scheme, 2003.