CAclubindia Articles

Investment of property outside India by resident and taxation under Black Money Act, 2015

FCS Deepak Pratap Singh 20 January 2022 at 09:32

Some facts on investment in property outside India and computation of tax under "Black money (undisclosed foreign income and assets) and imposition of tax act, 2015"

All About Tax Audit and Form 3CD (Part-1)

Neethi V. Kannanth 20 January 2022 at 09:32

There are various kinds of audits being conducted under different laws such as company audit /statutory audit conducted under company law provisions, cost audit, stock audit etc. Similarly, income tax law also mandates an audit called 'Tax Audit'.

Analysis on new GST rate for works contract services w.e.f 1st January 2022

Mukesh Kuriyal 19 January 2022 at 13:25

Government Has Amended Tax Rate For Service Provider Providing Works Contract Services From 5%/12% To 18% Vide Notification No 15/2021 C.T(Rate) Dated 18.11.2021 Amending Notification No 11/2017 C.T.(Rate) W.E.F 01.01.2022.

Voluntary surrender of income does not mean immunity from penalty

FCS Deepak Pratap Singh 19 January 2022 at 08:34

Can an assessee who has surrendered his income in response to the specific information sought by the Assessing Officer in the course of survey, be absolved from the penal provisions under section 271(1)(c) for concealment of income?

Whether ITC in Dec 2021 GSTR 3B is mandatorily required as per GSTR 2B?

Lekhraj sood 18 January 2022 at 15:46

When the transactions were done on December 21 then at that point of time old rule 36(4) was in force. Therefore, in our view, it would be in order if the ITC of December is availed by referring to GSTR 2A.

Job or Studies? The Tussle for Every CA Student after Exams

Ashutosh Rathi 18 January 2022 at 15:01

The uncertainty that looms concerning CA results is very well known and it is understandable to find yourself in this tussle.

Interest Calculator introduced in GSTR 3B

Rohit Kumar Singh 17 January 2022 at 16:02

As a facilitation measure for taxpayers and for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B.

Are you digitally competent?

Chetna Sharma 17 January 2022 at 13:26

The need for digital expertise and knowledge varies from person to person and so is their digital competency.

Who's Budget First? Personal or Union

CA Umesh Sharma 17 January 2022 at 11:44

Honorable Finance Minister Mrs. Nirmala Sitharaman will be declaring the Finance Budget of 2022-23 on 01st February in the Lok Sabha. Everyone is excited for the Budget.

RBI notified Retail Direct Scheme - Market Making

CS Lalit Rajput 17 January 2022 at 09:07

RBI vide notification no. RBI/2021-22/147 IDMD. PDRD. No. S1617/03.64.023/2021-22 on 04th day of January, 2022 has introduced the market making scheme to with an objective to promote retail participation in government securities by providing prices/quotes to RDG account holders enabling them to buy and sell securities under the RBI Retail Direct Scheme.