CAclubindia Articles

Adjudication Penalty For Adani Power For Non-Compliance Related Party Transaction

Posted by CS Divesh Goyal 26 May 2023 2655 Views

Every company registered under this statute or any other as prescribed is required to disclose related party transactions, under Sections 188 and 189 of the Company Act 2013.

Schedule III of CGST Act 2017: Related to Employee Services

Posted by Geetanjali Pandey 26 May 2023 7532 Views

Under this Article, I am going to describe the activities/transactions, which although are falling within the scope of Supply

Can you get Tax Deductions for Both HRA and Home Loan Interest Simultaneously?

Posted by Tarun Kumar Madaan 26 May 2023 9301 Views

House Rent Allowance (HRA) is an allowance employers provide to cover the expenses of rented housing for employees. The Income-tax Act allows for an exemption on HRA if an employee resides in a rented house. Additionally, the Act permits a deduction on the interest paid by an individual taxpayer on a home loan.

Section 60 Provisional Assessment under GST: A Comprehensive Guide

Posted by CA Harshit Goyal 26 May 2023 6735 Views

In this article, we will delve into the details of Section 60 and explore the procedures involved in the provisional assessment process.

What is GST? Understanding from the implementation phase

Posted by Taxblock 25 May 2023 2911 Views

GST is called as Goods and Service Tax which is an indirect tax and passed in the parliament on 29th March 2017 and came into force on 1st July 2017. This is an indirect tax which has replaced many indirect taxes such as VAT, excise duty etc.

GST Pre-Audit Advantages & Other Updates

Posted by CA Akshay Hiregange 25 May 2023 7704 Views

In this article we focus on certain advantages taxpayers can obtain through pre-departmental audits conducted by competent professionals.

Secretary Auditor penalty for omitting related party information

Posted by CS Divesh Goyal 25 May 2023 2919 Views

This is a classic example of a secretarial auditor being penalized by the Registrar of Companies for failing to report material-related party transactions in their secretarial audit report.

CBDT launches Tax Calculator for FY 2023-24

Posted by Rashmi 25 May 2023 4150 Views

The Central Board of Direct Taxes (CBDT) has introduced a new Income tax calculator for the financial year 2023-24. This calculator is designed to be user-friendly and helps individuals and businesses calculate their tax obligations more easily.

Registering as an Indian Subsidiary Company: Things you should know

Posted by Ishita Ramani 25 May 2023 2085 Views

An Indian subsidiary refers to a company that is owned or controlled by another company. It is a business entity where the majority or partial ownership lies with a holding company.

An Overview of Trusts

Posted by Mohd Zain 25 May 2023 4926 Views

A Trust is not a separate legal entity, therefore the tax law uses the concept of the representative assessee to tax the trust as given under section 160 of the Income Tax Act, 1961.