CAclubindia Articles

Statutory Tax Compliance Tracker - February 2023

Posted by CS Lalit Rajput 30 January 2023 10573 Views

Tax Compliance Tracker for the month of February 2023

Rule 37 : Reversal of ITC on non-payment to vendors within 180 days

Posted by CA Roopa Nayak 30 January 2023 61896 Views

In this article, the author has examined the non-payment to vendor within 180 days of invoice date and the implications thereof to assessee.

Section 194J: Fees for professional or technical services

Posted by Chetan Chauhan 28 January 2023 9486 Views

Section 194J of the Income Tax Act pertains to the TDS on fees for professional or technical services. According to this section, any person, including an individual or a company, who is responsible for paying to any sum as fees for professional or technical services, is required to deduct TDS.

An Overview on: Annual Information Statement (AIS)

Posted by CA Ruby Bansal 28 January 2023 4537 Views

The Annual Information Statement (AIS) in Form 26AS is a comprehensive view of information for a taxpayer that includes details of tax credits received from various deductors/collectors, tax payments made by the taxpayer, and any tax refund received by the taxpayer.

MCA Amendments 2023: Upgradation of E-Forms in tune with V3 portal

Posted by Affluence Advisory 28 January 2023 15844 Views

MCA Notification dated 21.01.2022 contains a list of notifications issued by the Ministry of Corporate Affairs during 2023 for making amendments to the provision of the Companies Act 2013 and Rules

Case Study: Copyright Act 1957

Posted by FCS Deepak Pratap Singh 28 January 2023 4551 Views

The plaintiff, Radio Today Broadcasting Ltd. (RTB), wished to run a radio station on the FM band, known as ''Radio Today'', and intended to play both film and non-film songs on their radio station.

SEBI emphasizes the Importance for analysis and disclosure of risks of trading in F&O

Posted by CS Lalit Rajput 28 January 2023 1743 Views

Securities and Exchange Board of India (SEBI) on 25thJanuary,2023 has issues a Press Release vide PR No.02/2023 and has underlines the need for analysis and disclosure of risks of trading in F&O. SEBI plans to impose additional safeguards for retail investors dealing in the futures and options (F&O) segment.

Download Form 26AS

Posted by Aisha 27 January 2023 7065 Views

Form 26AS is a statement of tax credits. It is a consolidated statement that contains information about the tax that has been deducted or collected from an individual's income, as well as the taxes paid by the individual.

Income Tax Refund: Eligibility, Reissue & Process

Posted by Suhasini

27 January 2023 7253 Views

Income Tax Refund refers to the process of receiving money back from the government if the amount of taxes paid by an individual or organization is more than the taxes owed.

An Overview Of Form 10BA

Posted by Chetan Chauhan 27 January 2023 13503 Views

Form 10BA is a tax form used in India for declaring deductions claimed under Section 80GG of the Income Tax Act. This section allows for deductions on rent paid for residential accommodation if the individual does not own a house or if the house is not available for his use.