CAclubindia Articles

Decoding Taxation on Virtual Digital Assets

28 July 2023 1880 Views

Virtual Digital Assets (VDAs) refers to any information, code, number, or token in Foreign Currency generated through cryptographic means or otherwise and can b...

General Guidance on Professional Tax

Posted by Nikita Agarwal 28 July 2023 4252 Views

Professional Tax is a state-level tax imposed by various state governments in India. It is levied on income earned by individuals from professions, trades, callings, or employment.

Impact Analysis of Rate Notifications issued post 50th GST Council Rate Decisions

Posted by Vivek Jalan 28 July 2023 5577 Views

Analysis of Rate Notifications issued post 50th GST Council Rate Decisions

Cash Deposit Rules: Income Tax imposes a penalty of 60% on such transactions

Posted by Gautam Bharthry 28 July 2023 6055 Views

Cash and Deposit Rules of Bank In India, the rules regarding cash deposit and withdrawal are very strict. If you also frequently deposit and withdraw cash in the bank, then you should know these rules.

Benefits of Part Time CFO or Finance Manager for your Business growth

Posted by Heena Sheikh 27 July 2023 1482 Views

Is your organization looking for services of an experienced and qualified CFO or Finance Manager and do not want to incur high cost related to recruiting and employing the same?

Tax implications on unlisted shares to both investors and the company

Posted by Nikita Agarwal 27 July 2023 6057 Views

Investing in unlisted shares in India can have various tax implications, both at the time of acquisition and when selling or transferring these shares. U

GST Refunds on Cancelled Contracts: Supplier Obligations Explained

Posted by Vivek Jalan 27 July 2023 4843 Views

Incase of cancellation of contracts, the supplier cannot sit on refund of GST to the recipient, pending receipt of refund from the GST Department

International Taxation: Taxation of Non-residents Shipping Business- Section 172 of the Act

Posted by CA Mehul Thakker 26 July 2023 10307 Views

In this article, we discuss about another code under the Income Tax Act, that governs the taxation of non-residents' shipping business which has an overriding effect over all the provisions of Income Tax Act including section 44B.

FLA Return - Annual Return on Foreign Liabilities and Assets

Posted by CS Lalit Rajput 26 July 2023 21281 Views

Annual Return on Foreign Liabilities and Assets (FLA Return) - An Analysis (Key Points, FAQ's and Important Definitions)

Intermediary Services remain in limbo

Posted by CA Akshay Hiregange 26 July 2023 2430 Views

In this article we understand the implications of the larger bench decision of Dharmendra M. Jani in the Hon’ble Bombay High Court and the way forward for such service providers.