CAclubindia Articles

Most Commonly Used TDS Sections along with TDS Rates and Threshold Limit

Posted by CA. Bhavik P. Chudasama 19 April 2023 15960 Views

Tax Deducted at Source (TDS) is a mechanism of collecting income tax at the source of income itself. TDS is applicable to various types of payments such as salary, interest, commission, rent, etc.

An In-Depth Look at the Audit of Accounts Receivable and its Impairment Assessment

Posted by CA Sanat Pyne 19 April 2023 3013 Views

Accounts receivable refers to the money owed by customers to a business for the goods or services they have purchased on credit. It is an important part of a business's working capital and represents the amount of cash that the business can expect to receive in the near future.

Valuation of Start-ups

Posted by Geetanjali Pandey 18 April 2023 3738 Views

Start-ups as the name suggest any venture which is going to start or at stage of development or just emerged an innovative idea or technique.

The Rise of Paid Online Gaming: Understanding Taxation in the Digital World

Posted by Aisha 18 April 2023 5157 Views

In this blog, we will explore the taxation of paid online gaming and discuss how it differs from traditional gaming. We will also delve into the various taxes that may apply to online gaming and examine the legal and regulatory landscape for online gaming taxation.

Income Tax Amendments applicable for AY 2023-24 (FY 2022-23)

Posted by Geetanjali Pandey 18 April 2023 18136 Views

This article will outline some of the important amendments made by Finance Act, 2023 which is applicable for FY 2022-23 (AY 2023-24) which we need to take care of while filing ITR of AY 2023-24.

What Borrowers Need to Know About RBI's Proposed Regulations on Penalties for Loans

Posted by Rashmi 18 April 2023 2303 Views

The Reserve Bank of India (RBI) has proposed new regulations on how lenders can charge penalties on loans. Many lenders currently charge extra interest, known as penal interest, when a borrower fails to make their loan repayments on time or violates the loan terms

IND AS Adoption Guide

Posted by CA Sanat Pyne 18 April 2023 7335 Views

The adoption of the Indian Accounting Standards (IND AS) marks a significant shift in the way companies in India report their financial statements.

ITC in case of motor vehicle including blocked credit

Posted by Divyanshu Sharma 17 April 2023 10442 Views

1) Motor Vehicle used for transportation of Persons(A) ITC is blocked for motor vehicles have approved seating capacity ≤ 13 persons (including the driver)IT...

Section 16 of CGST Act 2017: Eligibility and conditions for taking ITC

Posted by Harsh Kaushik 17 April 2023 16130 Views

Section 16 of CGST ACT 2017 talks about Input Tax Credit mechanism, which allow Taxpayers to offset the GST Input Tax Credit with the GST Output Tax Liability. This helps in avoiding the cascading effect of taxes and promote seamless flow of credit through the entire supply chain.