CAclubindia Articles

Nidhi Compliance after Incorporation

ASWIN MALLYA 29 November 2021 at 09:41

Here we are going through post incorporation compliance of a Nidhi Company.

What is AIS and TIS?

Taxblock 29 November 2021 at 09:41

The AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY). The TIS is a generation of a Taxpayer Information available in AIS in a simplified format.

Rule of Contra Proferentum under insurance

FCS Deepak Pratap Singh 29 November 2021 at 09:41

An insurance contract (General Insurance) is a contract of indemnity and insurance company is liable to pay the loss occurred by the insured due to happening of insured risk/perils.

What is tax planning and why it is so important for individuals or businesses

Taxblock 29 November 2021 at 09:40

Tax planning is a process of analyzing one's financial situation during the year and coming up with various exemptions and deductions that reduces tax liability in a legitimate manner.

Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

Taxblock 29 November 2021 at 09:40

Scheme for Remission of Duties and Taxes on Exported Products (RODTEP) was launched in 2020 from 1st January 2021 through the ministry of commerce and industry Govt. of India. This scheme is applicable to the export of products but not services.

Assessment of incriminating material found during Income Tax Search u/s 153A

CA.Mohit Gupta 28 November 2021 at 18:12

Section 153A provides the procedure for completion of assessment in case of a person where a search is initiated under Section 132 or books of account or other documents or any assets are requisitioned under Section 132A after 31st May, 2003 but on or before the 31st Day of March'2021.