CAclubindia Articles

GST Return Filing

Taxblock 14 October 2021 at 10:23

GST Return Filing is a compulsory process for every person who has a business and is registered under the GST Act. It is a very critical activity and a link between the government and the person who is paying the tax.

Whether Medical Expenses incurred outside India by an employer will be taxable as a prerequisite?

FCS Deepak Pratap Singh 14 October 2021 at 10:23

Perquisite may be defined as any casual emolument or benefit attached to an office or position in addition to salary. This includes rent-free accommodation, concession in the matter of rent or any other amenity.

Appointment Of Internal Auditor Under Companies Act, 2013

Neha Rajan Redekar 13 October 2021 at 12:16

Internal audit is a continuous and systematic way of risk management, and proper governance in order to bring out more transparency and accountability in the company's activities.

Diversion of Business Opportunities by a Director for its Own Benefit

FCS Deepak Pratap Singh 13 October 2021 at 09:56

The duties of directors are higher than those imposed by law on an employee since they are not senior managers of the company but fiduciary and are responsible for the success of the company.

Greening the Financial System

P.T.S. MURTHY 13 October 2021 at 09:56

The idea behind the formation of such a system is that the financial system is at risk by the impact of climate change on businesses indirectly.

Key changes in ITR Forms for AY 2021-22 - Part 5: ITR 7

Neethi V. Kannanth 13 October 2021 at 09:55

Dividend will now be taxable from Rs. 1/‐ as section 115BBDA is omitted. Accordingly, Interest expenditure u/s 57(1) to earn Dividend can be claimed at sl.no.3...

Can assessee opt for Sec 44AD and Sec 44AE together? - Part III

CA.R.S.KALRA 12 October 2021 at 09:24

In Section 44AD, the assessee has to declare a minimum of 8% of the Gross Turnover or Gross Receipts as their deemed income. However, Section 44AD(1) gives an option to claim more than 8%.

Key changes in ITR Forms for AY 2021-22 - Part 4: ITR 6

Neethi V. Kannanth 11 October 2021 at 15:38

Option of Filing ITR in response to notice u/s 153A and 153C is removed from ITR as the requirement to file ITR under these sections is omitted. Dividend will now be taxable from Rs.1/‐ as section 115BBDA is omitted.

Concept of One Person Company - An Analysis

Neha Rajan Redekar 11 October 2021 at 14:44

One Person Company means a company that has only one person as a member. It is a separate entity distinct from its members, limited liability protection to shareholders and has a perpetual succession.

10 Important Points to Consider before Filing September 2021 GST Return

CA Umesh Sharma 11 October 2021 at 14:42

Once the return of September 2021 is filed, no changes or rectifications can be made further. Thus, taxpayers must reconcile their books and returns & make the final adjustments.