CAclubindia Articles

Taxation of Virtual Digital Assets

CA Keyur Somani 07 February 2022 at 12:45

In this blog, I have tried to explain taxation of Virtual Digital Asset and yes crypto has not been given status of currency and it’s an asset on that to I have doubt of legality as taxing something does not make it "legal" as Income Tax Act tax income from betting and smuggling, also never the less it’s another topic of debate.

Guide to fill e-form IEPF-5

CS Divesh Goyal 07 February 2022 at 09:51

In this editorial we will discuss step by step process of the same.

How Fiscal Deficit, Revenue Deficit and other key figures prepared for Budget 2022

Jatin Pal 07 February 2022 at 08:49

Total budgeted receipts are 39,44,909 crore out of which 56% is revenue receipts i.e revenue from tax and balance 46% is majorly from loans and borrowings. The percentage is higher than as compared to the figures related to the actuals of the financial year 2020-2021.

The Tale of 'Arth', 'Shashtri' and the 'New TDS on Perks'

Mayank Mohanka 07 February 2022 at 08:40

Yes, it was the Budget Day. Two close friends, 'Arth'- a businessman and 'Shastri' - a CA, went out for a stroll in late evening.

Difference between subrogation and assignment

FCS Deepak Pratap Singh 05 February 2022 at 14:34

An insurance policy issued to the insured by the insurance company is a contract between them and any claim of loss will be payable according to the terms and conditions agreed between the parties and mentioned in the contract.

Life of Crypto

Preeti Negi 05 February 2022 at 13:30

Crypto currencies are something that most of us have heard of from time to time through various venues. Such information has filled our social media feeds. Crypto has made a few people wealthy, and it has inspired others to pursue their dreams of establishing a niche.