CAclubindia Articles
Compulsory Registration in GST irrespective of Threshold Limit
The Goods and Services Tax (GST) Act, 2017, mandates that certain categories of taxpayers must obtain GST registration irrespective of their turnover or threshold limit of 40 lac or 20 lac for goods and services respectively.
Mistakes made by Small Businesses during Bookkeeping
This article provides a general overview of bookkeeping for small businesses and highlights the top 8 bookkeeping errors that small businesses make.
Internal Audit as per Companies Act 2013
As per Section 138 of Companies Act, 2013 Internal Audit has been mandated upon certain classes of companies. Such companies are required to appoint a person as an Internal Auditor who must be CA or Cost Accountant or professional as prescribed. Companies are subject to conduct an internal audit as per there size and requirement.
How Your Business Loan Interest Rate Can Make a Difference?
In the realm of business, the interest rate on loans is a critical factor that determines capital expenses, as well as the potential for business growth and profitability.
Crypto Casinos and Taxation: Navigating the Legal Landscape of Digital Currency Gambling
In recent months, Indian gamers have been able to access an exciting new online gambling genre: crypto casino gaming. As with pretty much every cryptocurrency t...
TDS Provision under GST updated as on 31st October 2023
TDS under GST Law shall be deducted as per the provision of Section 51 of the CentralGoods and Services Tax Act, 2017, Section21 of the Union Territory Goods and Services Tax Act, 2017 and Section 20 of the Integrated Goods and Services Tax Act, 2017, read with Rule 66 of the Central Goods and Services Tax Rules, 2017.
'Discard ITR' New feature Introduced by Income Tax Department
The new 'Discard' facility allows taxpayers to manage their ITR filings more efficiently and helps rectify any inaccuracies or omissions within the specified windows. But it's essential to use it with caution as once discarded, an ITR can't be restored.
Significance vis-a-vis Repercussions of Non-Appointment of Company Secretary
The Companies Act has strengthened the role and position of the company secretaries. In particular, it considers a company secretary as key managerial personnel.
Some interesting points about Income Tax Reassessment and Amendments
In the dynamic realm of income taxation, the process of reassessment has witnessed significant legal amendments aimed at striking a balance between taxpayer rights and revenue interests. Recent changes, particularly those introduced by the Finance Acts of 2021 and 2022
Decoding Form 26A: Impact, Role and Procedure
Section 201(1) of the Income Tax Act establishes that a person responsible for deducting TDS (Tax Deducted at Source) on distributed income is deemed an "assessee in default" if they fail to deduct or pay the TDS.
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