CAclubindia Articles

What is income?

Posted by Taxblock 14 July 2022 4769 Views

Income is the money an individual receives in compensation for their work, services, or investments. For businesses, Income means revenue that a business generates by selling its goods and services. Revenue is the money earned by a company from selling goods or services throughout its operations.

How to Import Masters and Vouchers to Tally?

Posted by Neethi V. Kannanth 14 July 2022 14736 Views

To import masters into XYZ Company, you need to ensure that both the options Maintain stock categories and Maintain batch-wise details are enabled in XYZ Company before importing.

Changes in reporting of input tax credit in GSTR-3B

Posted by Nilesh Mahajan 13 July 2022 15665 Views

Changes in reporting of input tax credit in GSTR-3B [Notification No. 14/2022 - Central Tax dated 5th July 2022 read with Circular No.170/02/2022 dated 6th July 2022]

Refund in case of Duty Free Shops (DFS) at international terminal

Posted by CA Pradeep Sharma 13 July 2022 7037 Views

GST Council 47th meeting also clarify by explaining "Supplies from Duty Free Shops (DFS) at international terminal to outgoing international passengers to be treated as exports by DFS and consequential refund benefit to be available to them on such supplies.

On what criteria will the loan against equity shares be sanctioned to me?

Posted by Vikas Kumar 13 July 2022 2923 Views

You can now take a loan against the equity shares held in your Demat account. This is a convenient way in which you can get the money you were looking for without having to sell any of your assets. You can simply draw a loan and use your equity holdings as collateral.

Errors in AIS on IT Portal? How to Handle it?

Posted by Poojitha Raam Vinay

12 July 2022 14845 Views

One of the important documents for verification while Tax filing is the Summary statement of AIS. The Annual Information Statement (AIS), launched last year, is a comprehensive statement containing details of 46 of the financial transactions like Income, Investment, Expenditure happened in a particular Financial Year.

Illustrative Clause 44 Of Form 3CD for FY 2021-22

Posted by CA Sudhir Halakhandi 12 July 2022 33643 Views

The Clause 44 of the Form 3CD is effective for Assessment Year 2022-23 i.e. for the Financial Year 2021-22 because the compliance of this clause was kept in abeyance till 31/03/2022 but for all the reports submitted after that date the clause is mandatory.