CAclubindia Articles

Crucial Difference Between Bona Fide Non-Compliance and Mala Fide Non-Compliance

Posted by Abhishek Raja 25 April 2023 63784 Views

Section 129 of Indian GST Laws: The Crucial Difference Between Bona Fide Non-Compliance and Mala Fide Non-Compliance and How it Affects the Action Taken by the Proper Officer?

Hail! Principles Of Natural Justice!

Posted by T.R.Radhakrishnan 25 April 2023 2134 Views

The judgment raises a pertinent point whether it is time to review of the bank recovery Acts to judge how the principles of natural justice is being implemented and make changes, if necessary, as has been done in the aforesaid judgment.

Deductions available under Old vs. New regime of Income Tax

Posted by CA. Brijesh Baranwal 25 April 2023 30965 Views

This article covers the deductions available in Old Vs. New tax regime, in brief, should help in making the required choice. This is applicable from 01.04.2023 i.e. for FY 2023-2024 or say AY 2024-2025.

An Overview of IND AS 41

Posted by CA Sanat Pyne 25 April 2023 8157 Views

IND AS 41 is a standard issued by the Institute of Chartered Accountants of India (ICAI) that provides guidance on the accounting treatment for agricultural activity. The objective of IND AS 41 is to ensure that the financial statements of entities engaged in agriculture provide relevant and reliable information about their agricultural activities.

How to Claim Refund of GST on Cancelled Flat or Real Estate Property by an Unregistered Dealer

Posted by Meghna Jitesh Telisara 25 April 2023 8039 Views

An unregistered buyer who decides to cancel the agreement to purchase a flat can claim GST refund paid by him from the builder or the government depending upon the timeline of the cancellation of such agreement.

Companies need to file MSME payment data before 30th April 2023

Posted by CA Umesh Sharma 24 April 2023 16566 Views

Every year, all company taxpayers need to file form MSME-1 by a notification dated 2nd November 2018 but it holds a huge significance this year as the payments would be disallowed by the Income Act authorities if payment is not made within 45 days.

Section 18: Availability Of ITC Under Special Circumstances

Posted by Harsh Kaushik 24 April 2023 13833 Views

What does Section 18 say?Section 18 of the CGST ACT 2017 talks about the Input Tax Credit availability under special circumstances such as in case of exempt sup...

Choose Right Tax Regime for FY 2023-24

Posted by Affluence Advisory 24 April 2023 5085 Views

If you FAIL to choose between the New and Old Tax Regime, the Employer will take the New Tax Regime as DEFAULT and deduct TDS under it.

Cyber Security Overview

Posted by CA Sanat Pyne 24 April 2023 2764 Views

Cybersecurity refers to the practices, technologies, and measures that are taken to protect digital systems, networks, and devices from cyber-attacks, data breaches, and other malicious activities. In today's increasingly digital world, cyber security has become a critical concern for individuals, businesses, and governments alike.

Why Indian Income Tax New Tax Regime is the Government's Favorite Child!

Posted by Abhishek Raja 24 April 2023 66765 Views

In this article, I will be discussing the new tax regime in India, comparing it with the old income tax regime, and explaining why the new regime is the government's favorite child.