CAclubindia Articles

Whether a person can Surrender DIN - After Strike off of Company

Posted by CS Divesh Goyal 28 July 2023 2135 Views

In this article, the author shall discuss a very important question raised by the directors: whether they can surrender their DIN after striking off their Company.

Filing Income Tax Returns: Understanding Deadlines and Penalties in India

Posted by Rashmi 28 July 2023 5068 Views

In this article, we will discuss the changes in penalties for missing the ITR filing deadline and understand the implications for taxpayers based on their income levels.

Decoding Taxation on Virtual Digital Assets

Posted by Poojitha Raam Vinay

28 July 2023 1879 Views

Virtual Digital Assets (VDAs) refers to any information, code, number, or token in Foreign Currency generated through cryptographic means or otherwise and can b...

General Guidance on Professional Tax

Posted by Nikita Agarwal 28 July 2023 4251 Views

Professional Tax is a state-level tax imposed by various state governments in India. It is levied on income earned by individuals from professions, trades, callings, or employment.

Impact Analysis of Rate Notifications issued post 50th GST Council Rate Decisions

Posted by Vivek Jalan 28 July 2023 5576 Views

Analysis of Rate Notifications issued post 50th GST Council Rate Decisions

Cash Deposit Rules: Income Tax imposes a penalty of 60% on such transactions

Posted by Gautam Bharthry 28 July 2023 6055 Views

Cash and Deposit Rules of Bank In India, the rules regarding cash deposit and withdrawal are very strict. If you also frequently deposit and withdraw cash in the bank, then you should know these rules.

Benefits of Part Time CFO or Finance Manager for your Business growth

Posted by Heena Sheikh 27 July 2023 1481 Views

Is your organization looking for services of an experienced and qualified CFO or Finance Manager and do not want to incur high cost related to recruiting and employing the same?

Tax implications on unlisted shares to both investors and the company

Posted by Nikita Agarwal 27 July 2023 6057 Views

Investing in unlisted shares in India can have various tax implications, both at the time of acquisition and when selling or transferring these shares. U

GST Refunds on Cancelled Contracts: Supplier Obligations Explained

Posted by Vivek Jalan 27 July 2023 4842 Views

Incase of cancellation of contracts, the supplier cannot sit on refund of GST to the recipient, pending receipt of refund from the GST Department

Tax Rebate under Section 87A

Posted by Rashmi 26 July 2023 16916 Views

If your taxable income is below Rs 5 lakh in the financial year 2022-23 (assessment year 2023-24), you may be eligible for a tax rebate under Section 87A of the Income Tax Act, 1961.