CAclubindia Articles

Striking a Balance between Game of Skill, Game of Chance and Game of GST

Posted by CA Yash Shah 29 July 2023 5424 Views

This tax will be applied to the funds collected by gaming companies from consumers, leading to increased costs for players. As a result, consumers will bear the burden of this tax. This is likely to discourage consumers from participating in online gaming, thereby negatively impacting the industry's overall growth.

General View on New Tax Regime

Posted by Nikita Agarwal 29 July 2023 4944 Views

"New Tax Regime" or "Optional Tax Regime," was introduced as part of the Union Budget 2020-21. This regime aims to simplify the income tax structure and provide taxpayers with an alternative tax computation method.

Income tax loss Set-Off and Carry Forward provisions

Posted by Amul Jain 29 July 2023 1575 Views

In the ancient land of India, renowned warrior Arjuna found himself perplexed by the complexities of income tax laws.

Ways to Avoid TCS on Foreign Tour Packages: A Guide for Indian Travelers

Posted by Rashmi 28 July 2023 36394 Views

This article aims to provide a comprehensive guide on how to potentially avoid the TCS and save on travel expenses when booking foreign tours.

Whether a person can Surrender DIN - After Strike off of Company

Posted by CS Divesh Goyal 28 July 2023 2135 Views

In this article, the author shall discuss a very important question raised by the directors: whether they can surrender their DIN after striking off their Company.

Filing Income Tax Returns: Understanding Deadlines and Penalties in India

Posted by Rashmi 28 July 2023 5070 Views

In this article, we will discuss the changes in penalties for missing the ITR filing deadline and understand the implications for taxpayers based on their income levels.

Nature of Limited Liability Partnership (LLP)

Posted by CA Sanat Pyne 28 July 2023 22562 Views

NATURE OF LIMITED LIABILITY PARTNERSHIP (LLP) 1. Concept of limited liability partnership LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.

Decoding Taxation on Virtual Digital Assets

Posted by Poojitha Raam Vinay

28 July 2023 1897 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 4259 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.