CAclubindia Articles

What are Exchange Traded Funds? How many types of ETFs are there?

Akshay Sharma 01 March 2023 at 11:49

ETFs (Exchange Traded Funds) are passive investment vehicles. They provide direct investment exposure to underlying indexes or commodities such as silver, gold, etc. The Securities and Exchange Board of India (SEBI) requires an ETF to invest at least 95% of its assets in securities in the underlying index.

Updated ITR - Section 139(8A)

CA Himanshu Gandotra 01 March 2023 at 09:02

As the financial year 2022-23 is approaching its end, the last date to file ITR for previous years is also expiring. In this article, let's discuss the two options to file ITR after due date of filing has expired.

Section 73 and 74 of CGST Act 2017: Demand of Tax

CMA SIVAKUMAR A,ACMA. 01 March 2023 at 09:02

Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts

Private Company Compliance Checklist

Team IN Filings 01 March 2023 at 09:02

Important compliances with the existing private companies include director KYC, MSME filings, AOC 4, MGT7, ADT-1, AGM, board meetings, deposit filings, charge filings, DPT 3, director disclosure, and BEN-2.

GST on Advance Payments: Everything A Freelancer Must Know

Hardik Lashkari 28 February 2023 at 15:48

Many freelancers remain unaware of these tax provisions. Because of this, they forget to pay GST on advance payments, resulting in additional interest and late fees.

FAQs on e-invoice system

Suhasini 28 February 2023 at 13:29

Goods And Services Tax e-Invoice System: FAQs

Case Study on FEMA - RBI slapped Rs 125 Crore on Reliance Infrastructure

FCS Deepak Pratap Singh 28 February 2023 at 10:03

The Reserve Bank of India (RBI) has asked the Anil Dhirubhai Ambani Group firm, Reliance Infrastructure (earlier, Reliance Energy), to pay just under Rs 125 crore as compounding fees for parking its foreign loan proceeds worth $300 million with its mutual fund in India for 315 days, and then repatriating the money abroad to a joint venture company.