CAclubindia Articles

Key highlights of Report on Group Insolvency

Posted by CS Peer mehboob 21 December 2023 2174 Views

IBC does not explicitly provides for dealing with cases of group insolvency. However, the Adjudicating Authority (AA) at several occasions, has attempted to consolidate the insolvency resolution processes of such companies because of the higher possibility of revival and better value realization.

Decoding Safe Harbour for Intra-Group Loans: New Income Tax Rules Explained

Posted by CA Aman Rajput 21 December 2023 1368 Views

The Central Board of Direct Taxes (CBDT) has recently released the Income-tax (Twenty-Ninth Amendment) Rules, 2023, making significant changes to how intra-group loans are treated for tax purposes.

GST Demands and Penalties

Posted by Shivani 20 December 2023 4291 Views

Under the Goods and Services Tax system, demand can be raised when there is a short payment or incorrect utilization of ITC by the taxpayer.

Annual Information Statement (AIS)

Posted by utkarsh Varshney 20 December 2023 7239 Views

The Income Tax Department has rolled out the new Annual Information Statement (AIS) on its compliance portal (incometax.gov.in). The purpose of the new AIS is to make it easier for taxpayers to file their returns.

Why Filing a Nil Income Tax Return is Crucial for NRIs

Posted by CA Arun Tiwari 20 December 2023 7537 Views

This guide breaks down the reasons behind this necessity and how it contributes to the peace of mind for NRIs.

Section 50B & Rule 11UAE

Posted by Sahil Dhingra 20 December 2023 8283 Views

Slump sale means the transfer of one or more undertaking, by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.

Impact of GST on mobile phone manufacturing in India

Posted by Ishita Ramani 20 December 2023 3089 Views

In this blog, we will discuss the impact of this growth on the Goods and Services Tax (GST) for mobile phones.

Did an Airline Merge Away a Pilot's Career? Impact of merger!

Posted by CA Aman Rajput 20 December 2023 666 Views

Did this case soar with fair concerns about market manipulation, or did it crash and burn due to an internal employment dispute masquerading as a competition law issue?

GST Annual Return Filing and Due Date

Posted by Sparsh Wadhwa 19 December 2023 7803 Views

This article will contain the detail of all supplies made and received under various heads (CGST, SGST and IGST) during the whole year along with turnover and audit details for the same.