CAclubindia Articles

Key changes in ITR Forms for AY 2021-22 - Part 5: ITR 7

Posted by Neethi V. Kannanth 13 October 2021 4115 Views

Dividend will now be taxable from Rs. 1/‐ as section 115BBDA is omitted. Accordingly, Interest expenditure u/s 57(1) to earn Dividend can be claimed at sl.no.3....

Can assessee opt for Sec 44AD and Sec 44AE together? - Part III

Posted by CA.R.S.KALRA 12 October 2021 15004 Views

In Section 44AD, the assessee has to declare a minimum of 8% of the Gross Turnover or Gross Receipts as their deemed income. However, Section 44AD(1) gives an option to claim more than 8%.

Key changes in ITR Forms for AY 2021-22 - Part 4: ITR 6

Posted by Neethi V. Kannanth 11 October 2021 5414 Views

Option of Filing ITR in response to notice u/s 153A and 153C is removed from ITR as the requirement to file ITR under these sections is omitted. Dividend will now be taxable from Rs.1/‐ as section 115BBDA is omitted.

Concept of One Person Company - An Analysis

Posted by Neha Rajan Redekar 11 October 2021 21884 Views

One Person Company means a company that has only one person as a member. It is a separate entity distinct from its members, limited liability protection to shareholders and has a perpetual succession.

10 Important Points to Consider before Filing September 2021 GST Return

Posted by CA Umesh Sharma 11 October 2021 15954 Views

Once the return of September 2021 is filed, no changes or rectifications can be made further. Thus, taxpayers must reconcile their books and returns & make the final adjustments.

Upcoming IPOs in Oct-Nov 21

Posted by Ritik Chopra 11 October 2021 33460 Views

Around 25 companies are aiming to raise money through initial share sales in Oct and Nov. It is to be noted that a large portion of the funds would be garnered by technology-driven companies.

Due Date Compliance Calendar for the m/o October 2021

Posted by Sazal Sharma 11 October 2021 5780 Views

It is important to plan your month so that you don't miss any due dates. In this article, we discuss all the due dates under all the acts, that lie in the month of October 2021.

Dividend Income Taxability From AY 21-22 Onwards

Posted by Varsha Nayyar 11 October 2021 15001 Views

Finance Act, 2020 made the amendment that dividend income shall be taxable in the hands of the shareholders and the burden of tax payment is shifted from the company to the shareholders.

Which Ratios should you check before Investing in Stock?

Posted by Deepanshi Bansal 11 October 2021 6178 Views

Any stock can be analyzed on many parameters but there are 6 basic checks which can tell you whether to go for further analysis or not.

Tax Treatment on Conversion of Self Occupied Property into Joint Family Stock

Posted by FCS Deepak Pratap Singh 11 October 2021 2255 Views

It should be kept in mind that while transferring a self-occupied property in the common stock of a Joint Family, you should be a coparcener of the Joint family.