CAclubindia Articles

Important Notifications issued in GST effective from 1st April 2023

CA Harshit Goyal 01 April 2023 at 10:22

The Government of India has recently issued notifications related to the Central Tax system in India, effective from April 1, 2023. These updates cover a range of topics, from late fees for certain returns to changes in registration and assessment procedures. In this article, we'll summarize these updates and what they mean for taxpayers in India.

New Income Tax Rules w.e.f 1st April 2023

Harsh Kaushik 01 April 2023 at 09:42

The Government has made some new rules which are applicable from 1st April 2023 i.e from the new financial year

Section 194IA: Understanding TDS on Immovable Property

CA Sanat Pyne 01 April 2023 at 09:00

Section 194IA of the Income Tax Act governs the TDS deduction on the transfer of immovable property. In this article, the author will discuss the provisions and implications of this section in detail.

Benefits and Drawbacks of Dematerialization of Shares

Shweta 01 April 2023 at 09:00

The process of dematerialization of shares, also known as Demat, refers to the conversion of physical share certificates into electronic form. This process has..

Shops and Commercial Establishment Acts for States of Karnataka and Delhi

Harsh Jain 31 March 2023 at 14:43

Compliances, Registration, Registers and Returns under Shops and Commercial Establishment Acts for State of Karnataka and Union Territory of Delhi

Is UPI still free or not?

CA Rakesh Ishi 31 March 2023 at 13:19

UPI, which stands for Unified Payments Interface, is a digital payment system that allows individuals to transfer money instantly from one bank account to another in India. UPI has become increasingly popular due to its many benefits, including being free, fast, secure, and seamless.

Statutory Tax Compliance Tracker: April 2023

CS Lalit Rajput 31 March 2023 at 09:45

Tax Compliance Tracker for the month of April 2023

Section 69: Power of Arrest

Harsh Kaushik 31 March 2023 at 09:04

What does Section 69 Say?Where the commissioner has reason to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c..

Blocked Credit under GST

CA Sanat Pyne 31 March 2023 at 08:58

Blocked credit refers to the input tax credit that cannot be claimed by a taxpayer under the GST regime. Input tax credit is the tax paid on inputs, i.e., goods and services that are used in the course of business, which can be set off against the output tax liability of the taxpayer.

All about Income Tax Audit

Ashok Pitroda 31 March 2023 at 08:58

There are many types of audits conducted under various laws. Similarly, an audit conducted under the Income Tax Act, 1961 is called a ‘Tax Audit’. In the Income Tax Act, 1961, section 44AB mandates provisions for a tax audit, which are explained as follows. In the following circumstance, a tax audit will be mandatory.