CAclubindia Articles

Supreme Court Upholds Order Directing GST Official to Pay Compensation to Taxpayer

Posted by CA Aman Rajput 08 December 2023 13590 Views

In a landmark judgment, the Supreme Court has upheld an order of the High Court directing a GST official to pay compensation to a taxpayer for issuing an invalid penalty order. The Court also increased the compensation amount from Rs. 10,000 to Rs. 69,000.

Procedure of change of name of the company

Posted by Vaishali Jain 07 December 2023 140863 Views

This article is all about the complete procedure of change of name of company in just five easy steps-For ex: - From ABC Private Limited to XYZ Private Limited&...

Tax treatment of Agricultural Income

Posted by CA Manish 07 December 2023 190826 Views

Agricultural Income Tax treatment / Taxability Agricultural Income : Agriculture income is exempt under the Indian Income Tax Act. This means that income earned from agricultural operations is not taxed. The reason for exemption of agricultu

Demystifying mutual fund types: Finding the right fit for your financial goals

Posted by Aarika 07 December 2023 1506 Views

Planning your investments while keeping your financial goals in mind is an effective way to meet your short-term, medium-term, and long-term goals in a seamless...

ICAI FAQs on PMLA Reporting for CA Members

Posted by Shree 07 December 2023 4674 Views

The Institute of Chartered Accountants of India (ICAI) has issued several FAQs regarding PMLA (Prevention of Money Laundering Act) reporting for its members.

GST implications on Real Estate Transactions

Posted by CA Ankit Kumawat 07 December 2023 5515 Views

There are 2 types of Transactions prevailing the Real estate Business Works Contract Services and Real Estate Transactions. This article explains the implications GST on real state.

An Analysis of TDS u/s 194Q

Posted by CA Sudhir Halakhandi 07 December 2023 18364 Views

TDS at the rate of 0.1% is to be deducted on the amount exceeding Rs. 50 lakhs in any one FY from one seller from whom the buyer has purchased goods worth more than Rs. 50 lakhs.

Automating Income Tax Filing for 50 Employees with Form 16 Part B in FY 2023-24

Posted by Pranab Banerjee

07 December 2023 9969 Views

The tax season is upon us, and for businesses with 50 employees, mastering Form 16 Part B for the financial year 2023-24 is crucial. In this comprehensive guide...

Some debatable thoughts while analysing GST Act

Posted by CA Aman Rajput 07 December 2023 1057 Views

The Goods and Services Tax (GST) Act, introduced in India in 2017, has revolutionized the country's taxation system. However, certain aspects of the Act continue to spark debate, including the interpretation of the term "goods" and its implications for cash seizure under Section 67.