CAclubindia Articles

Section 194Q and 206C(1H) - Lets resolve the confusion

Posted by Shivani Dundlodia 31 May 2023 168743 Views

Primarily both the sections seem similar. However, whenever Section 194Q becomes applicable, Section 206C(1H) will not be applicable. Section 194Q is a priority section over Section 206C(1H).

An Overview On: e-Appeals Scheme 2023

Posted by CA RN Mohil 31 May 2023 7948 Views

The Income Tax department has introduced the e-Appeals Scheme, a significant development aimed at streamlining the process of filing and processing appeals through electronic means.

NFRA Order Reveals Major Lapses in Audit Conducted by CA Rakesh Puri

Posted by Rashmi 31 May 2023 4551 Views

The National Financial Reporting Authority (NFRA) recently issued an order highlighting significant deficiencies in the audit conducted by CA Rakesh Puri, who served as the Engagement Partner (EP) for the statutory audit of Sun and Shine Worldwide Limited (SSWL).

10 inspirational quotes for Chartered Accountants

Posted by Avinash Jeevan Dsouza 30 May 2023 680256 Views

CA means Challenge it, Achieve it, Loop it. I am a Chartered Accountant

MOC - Memorandum of Changes

Posted by Rahul ojha 30 May 2023 113444 Views

MOC- MEMORANDUM OF CHANGES, more often referred to as MOC is an important document enclosed with the Bank Audit Report whenever the Auditor observes significant issues affecting the Financial Statements of the Bank.

RBI Annual Report: 2022-23

Posted by Dharmendra 30 May 2023 6519 Views

The global economy faced challenges in 2022 due to geopolitical tensions and tightening financial conditions. However, after the Omicron wave and successful vaccination efforts, the global economy showed resilience.

Analysis on new GST rate for works contract services w.e.f 1st January 2022

Posted by Mukesh Kuriyal 30 May 2023 418309 Views

Government Has Amended Tax Rate For Service Provider Providing Works Contract Services From 5%/12% To 18% Vide Notification No 15/2021 C.T(Rate) Dated 18.11.2021 Amending Notification No 11/2017 C.T.(Rate) W.E.F 01.01.2022.

Annuities and Taxes: How Annuities are Taxed and Tax Strategies for Annuity Holders

Posted by Suhasini

30 May 2023 4431 Views

In this article, we'll dive into the details surrounding taxation strategies for annuity holders and explain why understanding these strategies is essential when investing in an annuity. We'll also discuss how different types of annuities can impact your taxes and what you need to know about filing taxes on your investments when using them for retirement planning purposes.

Last Chance: Extended Due Date for GTA Payments Expires Tomorrow!

Posted by Abhishek Raja 30 May 2023 6862 Views

Tomorrow i.e 31st May 2023 is the extended due date for Opt-in / Opt-out for Forward Charge / Reverse Charge for FY 2023-24 [Notification No.03/2022 - CT(R) dated 13.07.2022]