CAclubindia Articles
Budget 2022: Major changes in GST Act 2017
FCS Deepak Pratap Singh 05 February 2022 at 08:48The Union Budget-2022, presented by Finance Minister Mrs. Nirmala Sitaraman is a non-political and one of the best budgets presented for India. This Budget is a growth oriented and the government has presented it keeping in mind 25 years roadmap of development of India.
Some facts related to applicability of DTAA
FCS Deepak Pratap Singh 04 February 2022 at 10:29The Income Tax Act,1961 provides for taxation of a certain income earned in India by Mr. X a non-resident. The DTAA, which applies to Mr. X provides for taxation of such income in the country of residence. Is Mr. X liable to pay tax on such income earned by him in India?
Updation / Correction of date of birth online in EPFO records
CS Lalit Rajput 04 February 2022 at 09:01Employee having valid UAN, need to make sure that his or her date of birth (DOB) details are true and correct in Employees’ Provident Fund (EPF) records and also similar as mentioned in the Aadhaar database. In case of mismatch, the UAN holder may face delay in EPF withdrawal claims.
Consideration of cyber security controls in the audit program
CA Amrita Chattopadhyay
04 February 2022 at 08:56
This article aids in providing to understand the cyber risk and the audit approach by the auditors to comply with SA 315.
Need of Revisional Authorities under Tax laws
CA. Pushp Kumar Sahu 04 February 2022 at 08:45There is an utmost importance of Revisional authorities under Tax laws (both under Income Tax Law and GST Law) to safeguard and protect the interest of revenue as they act as a reviewer of the orders passed by the lower authorities which fall under their respective jurisdictions.
Updated Return: A thorough Analysis
CA Gyati Gupta 04 February 2022 at 08:45Till 31.01.2022 we had heard of terms like Original Return, Revised return and Belated Return, but with Finance Bill 2022 came a new concept of Return which is named as Updated Return.
Whether court has power to review order, proceedings or actions of IT department
FCS Deepak Pratap Singh 04 February 2022 at 08:45Section 293 of the Income Tax Act,1961-provides that no suits in any civil court shall be filed to set aside any order made, proceedings or action taken by the department or any officer of the government or anything done in good faith.
New Role of E-commerce Operators in Restaurant Services
CA Reema Sonigra Mehta 04 February 2022 at 08:45Vide this Notification effective from 01.01.2022, even the 'restaurant services' have been dragged under the provisions of Section 9(5) of the CGST Act (which deals with E-commerce operators).
Budget 2022: Taxation of Cryptocurrency and NFT in India
Shubham 03 February 2022 at 14:55The Union budget 2022 brought much-needed clarity on the taxation of cryptocurrency and NFTs. This was a requirement as the current regime did not offer any specific provisions for income arising from the sale and purchase of cryptocurrency and NFTs.
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