CAclubindia Articles

New battleground in GST: Cross Charge between Head Office & Branch Office

Abhishek Raja 03 November 2021 at 09:33

New battleground in GST: Crossc charge between head office & branch office

Important Updates by IRDAI from July 2021 to October 2021

FCS Deepak Pratap Singh 03 November 2021 at 09:33

REGULATORY UPDATES -A GIST OF IMPORTANT CIRCULARS/NOTIFICATIONS/GUIDELINES ISSUED BY THE AUTHORITY(IRDAI).

Dividend Distribution Tax

Taxblock 03 November 2021 at 09:33

If a company is earning profit then they provide it to the shareholders of the company which is known as dividend. Dividend is income for shareholders so it is taxable in the hands of tax payer.

Alternative Minimum Tax (AMT): Applicability, Exemption, Calculation

Taxblock 03 November 2021 at 09:33

Alternate Minimum Tax or AMT was came into existence for non-corporate taxpayers who works on same principles. Though, applicability, exemption, way of adjusting income and reporting requirement etc. differ from Minimum Alternate Tax.

Emerging Risk Areas In Internal Audit Due To COVID Pandemic

CA Amrita Chattopadhyay 02 November 2021 at 15:09

The COVID 19 pandemic has bought unprecedented changes and uncertainties in the in the business environment. It had disrupted lives / labour force, business operations, insolvency risks, resulted in inflation and supply chain.

Chartered Accountants Who Made it Big in Other Fields

Poojitha Raam 02 November 2021 at 09:41

Most of us have this question: Can we pursue our dream if we take up the CA course? Slashing all the myths and barriers here are some of the Chartered Accountants who have made it big in different fields by following their dreams.

Capital gain valuation (Immovable Property) as per IT Act 1961

Mohammed Ibrahim 02 November 2021 at 09:40

Capital gain is "the amount by which the selling price of an asset exceeds the purchase price; the gain is realized when the asset is sold". (Word web Dictionary).

Set-Off and carry forward of losses

Taxblock 02 November 2021 at 09:22

There can be profit and also losses in every type of business, where losses are difficult to digest. Though Income Tax Act in India provides for the benefits of losses too. The law contains the provisions for set off and carry forward of losses.

What is new Annual Information Statement (AIS) & Taxpayer Information Summary (TIS) ?

CA RAJAT RAWLANI 02 November 2021 at 09:22

On 1st Nov 2021 Income Tax Department has announced rollout of a new statement - AIS (Annual Information Statement). This (AIS) will give you all details (well almost all!) about YOUR financial transactions during the year.

Notices, Appeal, Revisions, Search & Seizure Under Income Tax