CAclubindia Articles

Limited Liability Partnership Act 2008

Posted by Venkat Raj 23 August 2022 2835 Views

Limited liability partnership ("LLP") is a new concept envisaged for ease of doing business which acts as an advantage compared to Partnership and Company. LLP can be constituted with 2 partners with one being designated partner.

What Are Bonds and Different Types of Bonds

Posted by Taxblock 22 August 2022 2066 Views

A bond is a financial instrument that is offered as a security to loans offered to an investor that is issued by a government or corporate entity. It bears a fixed repayment with a certain rate of interest the maturity or expiry of the due date to the investor.

Amount Received Under A Settlement Or Decree May Not Be Taxable Under IT Act 1961

Posted by Adv. Ravish Bhatt, ADIT, CIOT 22 August 2022 39785 Views

In practice, nature of receipt shall be determined by extensive scrutiny of pleadings in suit and / or recitals contained in the settlement agreement and careful drafting will be quintessential.

Clause 44: Clarifications as per new guidance note - AY 2022-2023

Posted by CA Sudhir Halakhandi 22 August 2022 19210 Views

Clause 44: Clarifications as per new guidance note for Assessment Year 2022-2023

"Handi" of Arrest in GST smashed by CBIC

Posted by CA Umesh Sharma 22 August 2022 3890 Views

On 17th August 2022 Instruction No. 02/2022-23 was issued following the judgement of the Supreme Court in Siddharth v. The State of Uttar Pradesh and Amr, with respect to arrest and bail. The Guidelines has also added that arrest should not be made in cases where is difference in interpretation of law.

Amendment in Rule 3 of the Companies (Accounts) Rules 2014

Posted by FCS Deepak Pratap Singh 22 August 2022 23683 Views

MCA has amended Rule 3 of the Companies (Accounts) Rules, 2014 through Circular dated 11th August, 2022.

Decoding ITC under GST: Eligibility and conditions with examples

Posted by Shruti 22 August 2022 6192 Views

Section 16: Eligibility and conditions for taking ITCWhat is the Eligibility Criteria?Every registered person shall be entitled to take credit of input tax char...

Analysis of Companies (Incorporation) Third Amendment Rules, 2022

Posted by Ajay Kumar Maggidi 22 August 2022 3948 Views

The Regulators are becoming more stringent day by day to bring the transparency and accountability in the system.

ITC reversal in case of supplier found bogus or non existent

Posted by CS Advocate Abhishek Goyal 22 August 2022 13342 Views

Even after completing 5 years, one gets the feeling that GST is still an evolving law. Lot many changes are taking place with almost every GST council meeting. There are still some burning issues which are yet to be ironed out and decisively settled. These burning issues have been a bone of contention between department and the tax payers.