CAclubindia Articles

Best Practices for Handling Related Party Transactions in Private Limited Companies

Posted by Team IN Filings 23 February 2023 5180 Views

Related party transactions (RPTs) have been a contentious issue in the corporate world, especially in the private limited companies. These transactions are transactions between a company and its related parties, such as directors, key managerial personnel, and their relatives.

Procedure of succession of properties of hindu female intestate under Hindu Succession Act, 1956

Posted by FCS Deepak Pratap Singh 23 February 2023 13573 Views

As you are aware that the amendment in Hindu Succession Act, 1956 in year 2005 is a revolutionary amendment, which has changed the whole criteria of holding of properties in Hindu Families. First time the constitution acknowledged the equal rights of daughter on equal footings with the son. The amendment act has also taken care of widows of Hindu Families.

FAQs: MCA Extension of Due Date of Filing of Forms

Posted by CS Divesh Goyal 23 February 2023 9243 Views

MCA has issued a General Circular No 04/2023 on 21st Feb 2023 subject to extension for the time of filing of 47 forms on MCA V3 without additional fees.

Know How to Claim Unclaimed Dividend from Company

Posted by Shweta 23 February 2023 9655 Views

Unclaimed dividends refer to the amount of money that has been declared as dividends by a company but has not been claimed by shareholders for a certain period of time.

Impact of Judicial precedents in Union Budget 2023

Posted by Venkat Raj 23 February 2023 3855 Views

Through this write up changes in domestic taxation will be articulated keeping in mind the Supreme Court judgment's impact in the Income –Tax Act(''ACT") and Income tax Rules(''Rules").

IT calculator for AY 2024-25 with IT ready reckoner for FY 2023-24

Posted by Pranab Banerjee

22 February 2023 49114 Views

A quick review (Limited Information) of the applicable provisions under the Income Tax Act, 1961 for the F. Y. 2023-24 (A. Y. 2024-25), after incorporating amendments (only key and selective amendments) proposed by the Union Budget of 2023, are given below for ready reference and information.

RBI introduces UPI payment facility for international travelers visiting India

Posted by Rashmi 22 February 2023 3835 Views

In this article, we will take a closer look at the UPI payment facility for international travellers visiting India, including who can avail of the facility, where it will be available, how it will work, and what the RBI had proposed in its Statement on Developmental and Regulatory Policies dated February 8, 2023.

Case Study: Taxation of Charitable Institutions

Posted by FCS Deepak Pratap Singh 22 February 2023 8622 Views

A charitable trust derived its income from the business of providing mineral water to various companies situated in Software Technology Park in Hyderabad. A sum of Rs. 30 Lakhs has been derived as income from such business activity, which has been applied for the purpose of "General Public Utility".