CAclubindia Articles

What are the Consequences of Non-Filing of GSTR-1 on time?

Posted by Abhishek Raja 12 August 2023 14191 Views

In the world of Goods and Services Tax (GST), filing accurate and timely returns is crucial for every registered taxpayer. Timely filing of GST Return is equally important as there are severe consequences not only for the Registered Taxpayer who has missed the deadline but also for the recipient of supplies.

Analysis of Sec 50C & 43CA of the Income Tax Act

Posted by Geetanjali Pandey 12 August 2023 10611 Views

Here, the author has tried to explain the applicability of two provisions of the Income Tax Act which is related to Immovable property being Land and building. ...

All about Vigil Mechanism

Posted by Monika Bahuguna 12 August 2023 2426 Views

Although the establishment of Vigil Mechanism is mandatory under the Companies Act, 2013 as well as in SEBI (LODR) Regulations, 2015, but the word used is ‘mechanism’ and not the ‘committee’.

Forging Signatures: Unmasking the Deceptive Act and Its Pervasive Ramifications

Posted by Sumati Bengani 12 August 2023 2177 Views

This deceptive art involves replicating a person's signature without their knowledge or consent, leading to a cascade of damaging consequences that ripple through both individual lives and institutional structures.

Can You Change Tax Regime When Filing Belated ITR from the Previous Year?

Posted by Rashmi 12 August 2023 2724 Views

Missing the initial deadline to file your Income Tax Return (ITR) for the fiscal year 2022-23 (Assessment Year 2023-24), which was July 31, 2023, need not cause undue concern. You can still submit your ITR after the original deadline by paying a penalty.

Annual Filing Due Date Calendar - Aug to Nov 2023

Posted by CS Divesh Goyal 11 August 2023 7948 Views

In this article, the author shall discuss the due dates of ROC forms in relation to the Companies Act and LLP Act in the months of September, October, and November 2023.

Chess and Life: Life Lessons From the Chessboard

Posted by CA Manish 11 August 2023 2248 Views

The ancient game of chess is not just a contest of tactics and strategy on a 64-square battlefield; it also serves as a profound metaphor for life itself. Within the calculated moves and strategic planning lie invaluable life lessons that can guide us through our personal and professional journeys.

A Guide to Mastering Tax Deductions and Exemptions While Staying Compliant

Posted by Rashmi 11 August 2023 3772 Views

When you're filing your income tax return (ITR), it's crucial to be cautious while claiming tax exemptions and deductions. The tax department might ask for proof of the deductions and exemptions you've claimed in your ITR, both for the current year and past years. If you can provide the required evidence, there's no need to worry.

Basic understanding of how Eway bill will work

Posted by Shekhar Gupta 10 August 2023 8109 Views

GST is an Indirect Tax which has superseded many Indirect Taxes in India. The Goods and Service Tax Act came into effect on Chartered Accountant's Day, i.e.