CAclubindia Articles

Preferential Issue of Shares by Listed Company

Posted by CS Komal Bhagat 22 December 2021 33475 Views

The Preference Shares are those shares of the Company which are owned by the persons who have the exclusive right to receive the profits of the Company before the other ordinary shareholders of Company

E-Verification Scheme, 2021: Collection of Information of Assessee by Assessing Officer

Posted by Suhasini

22 December 2021 7873 Views

The Central Board of Direct Taxes (CBDT) has rolled out the e-Verification Scheme, 2021 for the Collection of Information of Assessee by the Assessing Officer (AO).

Annual Information Statement: Income on account of repurchase of units by MF/ UTI

Posted by CA Aakarsh Jain 22 December 2021 1987 Views

The main objective of the 'Annual Information Statement' is to provide comprehensive tax information to the taxpayer and also to promote voluntary compliance as well as seamless prefiling of the income tax return (ITR).

TDS Liability in case of ESOP

Posted by CA Aakarsh Jain 22 December 2021 7663 Views

ESOPs have been a significant component of the compensation for the employees of start-ups, as it allows the founders and start-ups to employ highly talented employees at a relatively low salary amount with balance being made up via ESOPs.

GST refunds stuck due to difference between FOB value and CIF value: An analysis

Posted by Vivek Jalan 21 December 2021 8593 Views

It is seen that the CBIC and DGARM has held back many refunds of exporters due to the difference between the FOB Value of exports as reported in the Shipping Bills and the CIF Value as reported in the GST Invoices which also find a way in the Shipping Bill.

All About Annual Information System (AIS)

Posted by Neethi V. Kannanth 21 December 2021 14779 Views

Income tax department collects information about income received and material transactions carried out by an individual during the financial year through various sources and compiles the information collected in a summary form and presents it in a form of a statement called Annual Information System.

Blocked Credit in GST with examples

Posted by Jatin Pal 21 December 2021 11133 Views

In GST, the government stated a taxpayer can avail ITC of all those inputs of goods and services which are used for supply of goods and/or services is allowed under GST.

GST: ECO liability on food & beverages

Posted by CA Akshay Hiregange 20 December 2021 9218 Views

In the article, we look at the present state of affairs and provide the way forward for the trade/ restaurants/ hotel/ online supplies and possible suggestions to obtain clarity.

Procedure for issue of ESOP

Posted by CS Lalit Rajput 20 December 2021 6308 Views

An employee stock ownership plan (ESOP) refers to an employee benefit plan which is intended to encourage employees to acquire stocks or ownership in the company.

8 Advantages of Hiring a Professional Accounting Agency for Your Startup Business

Posted by Preeti Agarwal 20 December 2021 4341 Views

Starting a business is simple, but keeping it running is difficult. That is the harsh reality of every firm, particularly a modest solo proprietorship. What is the explanation for this? Because no single individual can fulfill all of their responsibilities.