CAclubindia Articles

Presumption of constructive notice concerning Transfer of Property Act, 1882

Posted by FCS Deepak Pratap Singh 30 July 2022 5967 Views

Section 3 of the Transfer of Property Act, 1882 asserts under what circumstances a person is said to have a knowledge of fact or notice. Notice is mentioned in section 39, 40, 41, 53 and 53(A) of the Transfer of Property Act.

GSTR-3B in new avtar very soon!

Posted by CS Advocate Abhishek Goyal 29 July 2022 11386 Views

The concept paper is based on recommended changes to GSTR-3B based on recommendations of GST Council keeping in view the discussions held therein.

Relief for Commission Agents of Agriculture produce Turmeric

Posted by CA Umesh Sharma 29 July 2022 3675 Views

Maharashtra appellate Authority for advance ruling for goods and service tax has issued order No. MAH/AAAR/AM-RM/07/2022-23 regarding the taxability of services provided by commission agent in relation to supply of turmeric to traders in APMC.

Attention: ITR Due Date may not be extended, File ITR before 31st July 2022 to avoid late fees of 1000/5000

Posted by CA Umesh Sharma 29 July 2022 12490 Views

The Due Dates for all Individuals, HUF's and Firms who are not required to audit their books of accounts, company assessee, LLP's assessee, etc. are required to file their Income Tax Return before 31st July,2022. So this is the last week to file Income Tax Return.

Mandatory furnishing of correct details in Form GSTR-1, GSTR-3B & GSTR-9

Posted by CA Umesh Sharma 29 July 2022 11195 Views

Circular No. 170/02/2022-GST on 6th July 2022 was passed for furnishing correct and proper information about inter state supplies and supplies and amount of ineligible/ blocked Input Tax Credit and reversal thereof in GSTR-1 &3B. Circular No.14/2022-GST on 5th July 2022 stated about GSTR-9 & 9C

Cases of Compulsory Scrutiny of Income Tax!

Posted by CA Umesh Sharma 28 July 2022 10554 Views

CBDT has provided Guidelines for compulsory selection of returns for Complete Scrutiny for FY 2022-23. Also, procedure for compulsory selection has also been provided in the guidelines provided by CBDT.

Cryptocurrencies and Taxation thereof under Indian Income Tax Act, 1961

Posted by Adv. Ravish Bhatt, ADIT, CIOT 28 July 2022 6962 Views

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

All about MSME Loan

Posted by Neethi V. Kannanth 28 July 2022 3392 Views

The eligibility criteria for availing the loan is set by the lender and therefore, varies from bank to bank. Not just that, there are different eligibility criteria for the different schemes.

5 Consequences Of Not Filing Your Income Tax Return

Posted by Shruti 28 July 2022 11360 Views

You may be thinking to yourself, "Why should I be concerned about filing my taxes? After all, I don't owe anyone anything. " Well, let me tell you, there are many consequences of not filing an income tax return that can have a huge impact on your life. Here are 5 of them!