CAclubindia Articles

Residential accommodations attracts GST? An analysis with case law

Posted by CS Lalit Rajput 06 October 2022 10695 Views

GST is applicable on residential accommodation sublet by a tenant. This AAR order dated March 23 is likely to trigger a number of litigations. The exemption prescribed cannot be sought and the lessors have to charge GST while issuing invoice for the lease services.

Who is an OCI Holder (Overseas Citizen of India)?

Posted by Taxblock 05 October 2022 2489 Views

Overseas Citizenship of India (OCI) is a scheme introduced by The Citizenship (Amendment) Act, 2005 which provides permanent residency available to people of Indian origin and their spouses to live and work in India for an indefinite period. As of 2020, there are 6 million OCI card holders among Indian Overseas individuals.

Corporate Governance Review/Audit

Posted by Gopinath Vedula 04 October 2022 2722 Views

For the purpose of recapitulation of some of the important aspects, an effort is made to undertake objective review of the various aspects of modern CG which might also serve as a checklist.

Darkness is foremost for growth

Posted by Unnati Chheda 04 October 2022 2346 Views

Wondering why I congratulated you, well until a Seed gets some Darkness in the beginning it cannot Germinate to be a tree and face the harshness that the world has to offer.

Govt's greed destroying petroleum industry in India

Posted by CA Mahesh Bansal 04 October 2022 3717 Views

In July, the Indian government started levying a hefty additional excise duty on crude oil in the name of 'windfall gains' to upstream companies.

GST latest amendments effective from 1st Oct 22

Posted by Kusum Gandhi 04 October 2022 13211 Views

Provisions of sections 100 to 114, except clause (c) of section 110 and section 111 of Finance Act 2022 notified via Notification No. 18/2022-Central Tax dt. 28...

Opportunities available to Chartered Accountants - Part 1

Posted by CA Rakesh Ishi 03 October 2022 6809 Views

A Chartered Accountant may start professional practice as a proprietor or join any existing firm as a partner or paid assistant.

Statutory Tax Compliance Tracker - October, 2022

Posted by CS Lalit Rajput 03 October 2022 7695 Views

Tax Compliance Tracker for the month of October, 2022

All about Foreign Bank and Financial Accounts Regulations (FBAR)

Posted by Taxblock 03 October 2022 2763 Views

The Foreign Bank and Financial Accounts Regulations (FBAR) form came into existence as part of the Bank Secrecy Act of 1970 (BSA) with the aim to prevent taxpayers from avoiding paying taxes by hiding assets overseas

Whether payment by a resident to non-resident for imported software is payment of 'royalty' requiring to deduct tax u/s 195 or a transaction of purchase of goods?

Posted by Adv. Ravish Bhatt, ADIT, CIOT 02 October 2022 4134 Views

S.9(1)(vi)(b) of the Income Tax Act, 1961 ("The Act") provides that income by way of royalty payable by a resident except where the royalty is payable in respect of any right, property or information used or services