CAclubindia Articles

Applicability of Rate of Interest where interest rates have changed before tax/duty payment

Manish K.Gandhi 09 November 2021 at 09:36

Taxpayers have to pay tax on or before the prescribed due date and if tax is being paid after the due date, interest at the rates prescribed under the erstwhile Act shall be levied.

Indian Entry Service

Corporate Salahkar & Associate 09 November 2021 at 09:36

A foreign individual or a corporate entity is eligible to invest and start a business in India when they are in accordance with the Foreign Direct Investment policy.

5 Years of Demonetisation - What has Changed?

Poojitha Raam 08 November 2021 at 15:43

The Government had expected recovery of Rs. 3-4 lakh crores but could only recover Rs.1.3 lakh crore through the means of anti black money and money laundering measures.

Section 194Q - Tax Deduction on the Purchase of Goods

CA.R.S.KALRA 08 November 2021 at 15:42

Deduction of tax at source on payment of certain sum for purchase of goods

CBDT notifies e-settlement scheme, 2021 - Overview

CS Lalit Rajput 08 November 2021 at 09:48

CBDT vide Notification No. 129/2021/ F.No. 370142/52/2021-TPL (Part IV) dated 01.11.2021, in exercise of its power under section 245D (11) & 245D (12) of the Income-tax Act, 1961 has issued a Scheme may be called the e-Settlement Scheme, 2021 to settle pending income-tax settlement applications transferred to a settlement commission.

Important Updates and Due Date Compliances under GST for November 2021

Tarun Kr. Gupta 08 November 2021 at 09:46

Important clarifications/ amendments issued by the Government on GST in October 2021 along with compliance timelines in November 2021

Annual Information Statement (AIS)

utkarsh Varshney 08 November 2021 at 09:44

The Income Tax Department has rolled out the new Annual Information Statement (AIS) on its compliance portal (incometax.gov.in). The purpose of the new AIS is to make it easier for taxpayers to file their returns.

Hedge Accounting

Jerold Ferreira 08 November 2021 at 09:44

A hedge is an investment that is made with the intention of reducing the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting or opposite positions in a related security.

Use of excessive UPI may invite notice from Income Tax & GST Department

FCS Deepak Pratap Singh 08 November 2021 at 09:43

USE OF EXCESSIVE UPI -MAY INVITE NOTICE FROM INCOME TAX/GST DEPARTMENT Dear Friends,We are living in a modern world, where we are using various types of gadget..

Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold to another person