CAclubindia Articles

Annual Information Statement: Income on account of repurchase of units by MF/ UTI

CA Aakarsh Jain 22 December 2021 at 08:51

The main objective of the 'Annual Information Statement' is to provide comprehensive tax information to the taxpayer and also to promote voluntary compliance as well as seamless prefiling of the income tax return (ITR).

TDS Liability in case of ESOP

CA Aakarsh Jain 22 December 2021 at 08:48

ESOPs have been a significant component of the compensation for the employees of start-ups, as it allows the founders and start-ups to employ highly talented employees at a relatively low salary amount with balance being made up via ESOPs.

GST refunds stuck due to difference between FOB value and CIF value: An analysis

Vivek Jalan 21 December 2021 at 13:20

It is seen that the CBIC and DGARM has held back many refunds of exporters due to the difference between the FOB Value of exports as reported in the Shipping Bills and the CIF Value as reported in the GST Invoices which also find a way in the Shipping Bill.

All About Annual Information System (AIS)

Neethi V. Kannanth 21 December 2021 at 08:49

Income tax department collects information about income received and material transactions carried out by an individual during the financial year through various sources and compiles the information collected in a summary form and presents it in a form of a statement called Annual Information System.

Blocked Credit in GST with examples

Jatin Pal 21 December 2021 at 08:37

In GST, the government stated a taxpayer can avail ITC of all those inputs of goods and services which are used for supply of goods and/or services is allowed under GST.

GST: ECO liability on food & beverages

CA Akshay Hiregange 20 December 2021 at 12:48

In the article, we look at the present state of affairs and provide the way forward for the trade/ restaurants/ hotel/ online supplies and possible suggestions to obtain clarity.

Procedure for issue of ESOP

CS Lalit Rajput 20 December 2021 at 12:05

An employee stock ownership plan (ESOP) refers to an employee benefit plan which is intended to encourage employees to acquire stocks or ownership in the company.

8 Advantages of Hiring a Professional Accounting Agency for Your Startup Business

Preeti Agarwal 20 December 2021 at 08:38

Starting a business is simple, but keeping it running is difficult. That is the harsh reality of every firm, particularly a modest solo proprietorship. What is the explanation for this? Because no single individual can fulfill all of their responsibilities.

Some facts related to a cover note or interim receipt under insurance

FCS Deepak Pratap Singh 20 December 2021 at 08:37

The object of "Cover Note or Interim receipt" is to afford interim protection to the assured pending he decision of the insurance company to finally accept or reject the proposal for insurance.

Knowledge ensures sustainable power

Abhishek Kumar 18 December 2021 at 17:18

Knowledge is one of the most powerful tools for everyone. It opens up the possibility of greater participation and democratic change in their thinking.