CAclubindia Articles
Consequences of Late Filing of ITR u/s 139(1)
Filing an ITR after the due date can have serious consequences, such as late filing fees, loss of carry-forward benefits, delayed refunds, interest on outstanding tax liability, penalty, and criminal prosecution. It is important to understand these consequences and to take steps to avoid them.
Speed Up Your Income Tax Refund: Simple Steps to Get Your Money Faster
Receiving an income tax refund is like finding a little treasure in your mailbox, but the wait can be a test of patience. Luckily, there are practical ways to make the process quicker.
10 Things to remember for E-Invoicing
E-invoicing is now mandatory w.e.f 01/08/2023 for all the suppliers, whose aggregate turnover in any of the previous FY starting from 2017-18 exceeds 5 crore. And if the taxpayers whose aggregate turnover exceeds 5 crore in current FY then for them E-invoicing will be applicable from next Financial year.
NSDL's IPO Vision Takes Flight with Draft Red Herring Prospectus
The National Securities Depository Limited (NSDL) is a crucial financial institution established to revolutionize the way securities are held and transferred. Instead of traditional tangible certificates, the NSDL operates in the digital era, providing a secure and efficient system for managing financial assets such as bonds and shares.
Vertical Analysis of the Income Statement
Vertical analysis is a way to analyze financial statements. It shows each item as a percentage of a base figure. It is easy to understand. In this type of analysis, all income statement items are shown as a percentage of Sales.
All about Advance Tax
Advance tax is a type of tax that is paid in installments throughout the financial year rather than as a lump sum at the end of the year. It is intended to help the government collect tax revenue in a more timely manner.
Small and Medium Enterprise Exchange Role and Function in Capital Markets
The market regulator SEBI vide its circular dated May 18, 2010, has provided for the setting up of a stock exchange/ trading platform by a recognized Stock Exchange having a nationwide trading terminal for SMEs
Impact of restricting imports on Laptops, Tablets, PCs, Servers etc.
Vide Notification No. 23/2023 dated 3rd August 2023 issued by the DGFT, with immediate effect, import of laptops, tablets, palmtops, all-in-one personal computers, and ultra-small form factor computers and servers falling under HSN 8741 will be 'restricted' and their import would be allowed only against a valid licence for restricted imports
General View on Intraday Trading
Intra-day trading is a trading strategy where traders buy and sell stocks within the same trading day, aiming to profit from short-term price movements.
Sugar Manufacturing Co-operatives may now get their old IT demands dropped by filing applications u/s 154 and 155(19)
The recent amendments in the Income Tax Act have provided much-needed relief to co-operative sugar factories operating in India by allowing deductions for sugarcane purchases made at or below the government-approved price. T
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