CAclubindia Articles
Why Natural Gas Should Come Under GST Regime
Mitali 11 April 2024 at 12:31Sandeep Kumar Gupta, the chairman of GAIL, suggests that the government should promote the use of natural gas and reduce emissions in various industries. He also proposes bringing natural gas under the GST regime and extending production-linked incentives to LNG-powered vehicles.
Issues Pertaining to HRA claims
Khush Trivedi 11 April 2024 at 11:03The Ministry of Finance recently issued a clarification regarding media reports suggesting a special drive by the Central Board of Direct Taxes (CBDT) to reopen cases linked to House Rent Allowance (HRA) claims. These reports, according to the Ministry, are not grounded in reality, and there is no substantial evidence to support claims of a large-scale reopening of cases.
Does the Onus for Non-Compliance with Compliances rest solely with the Company Secretary?
CS Divesh Goyal 11 April 2024 at 09:58In this case law, the Regional Director has entirely focused on the Company Secretary and stated that the Company Secretary is solely responsible for the Company's Secretarial Standards and Compliances. Read the editorial till end.
Differentiating TDS on Rent: Section 194IB vs 195 of IT Act, 1961
CA. Bhavik P. Chudasama 11 April 2024 at 08:47The Income Tax Act mandates tenants to deduct Tax Deducted at Source (TDS) on rent payments under certain circumstances. This helps collect tax from landlords at the source of income. Here's a breakdown of TDS on rent under Section 194IB and 195
Valuation Report to Save 30-40% Taxes on NRI Property Sale
CA Arun Tiwari
11 April 2024 at 08:43
In this comprehensive guide, we'll delve into the intricacies of valuation reports and how they can empower NRIs to achieve remarkable tax savings of up to 30-40% when selling a property in India.
Issuance of notice in Form GST ASMT-10
Affluence Advisory 10 April 2024 at 14:44Goods and Services Tax (GST) is a self-assessment-based tax scheme wherein a taxpayer is required to determine its tax liability and avail the eligible credit on a periodical basis.
Income Tax Slabs: Comparison between old Vs new regime for the FY 2023-24
Mitali 10 April 2024 at 14:36Deciding which tax regime to choose it completely depends upon individual financial circumstances.
A Guide to Obtaining CKYC Registration for Financial Institutions in India
Parveen Sihag 10 April 2024 at 08:34In India, financial institutions are mandated to obtain Central Know Your Customer (CKYC) registration from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).
Empowering MSMEs and Addressing Unauthorized Registrations
CA Pallav Singhania 10 April 2024 at 08:34This article explores the integration of PAN in India's MSME registration, enhancing transparency and efficiency.
Form 10-IEA: Opting for the Old Tax Regime
Mitali 09 April 2024 at 15:21Form 10-IEA has been notified through Notification No. 43/2023 dated 21st June 2023 which enables taxpayers to make choice between the old and new tax regimes.
Popular Articles
- RCM on Rent for Family-Owned Properties: Impact of Notification No. 09/2024
- GST Compliance Alert: Check and Rectify Past Claims Before November 2024
- Revision TDS Return Online: Process and Advantages
- Resolving Gaps Between GSTR-2B and GSTR-3B Data
- GST Amnesty Scheme 2024: Sec 128A of CGST Act 2017
- Updates Related To Revamp of IT Act 1961
- Understanding the New IMS (Invoice Management System) on GST Portal
- Choosing the Best Tax Regime for an Annual Income of Rs 10 Lakh: New vs Old
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