CAclubindia Articles
Voluntary surrender of income does not mean immunity from penalty
Can an assessee who has surrendered his income in response to the specific information sought by the Assessing Officer in the course of survey, be absolved from the penal provisions under section 271(1)(c) for concealment of income?
Whether ITC in Dec 2021 GSTR 3B is mandatorily required as per GSTR 2B?
When the transactions were done on December 21 then at that point of time old rule 36(4) was in force. Therefore, in our view, it would be in order if the ITC of December is availed by referring to GSTR 2A.
Job or Studies? The Tussle for Every CA Student after Exams
The uncertainty that looms concerning CA results is very well known and it is understandable to find yourself in this tussle.
Section 80U - Tax Exemption for Disabled Persons
18 January 2022
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With Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2021-22
Interest Calculator introduced in GSTR 3B
As a facilitation measure for taxpayers and for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B.
Are you digitally competent?
The need for digital expertise and knowledge varies from person to person and so is their digital competency.
RBI notified Retail Direct Scheme - Market Making
RBI vide notification no. RBI/2021-22/147 IDMD. PDRD. No. S1617/03.64.023/2021-22 on 04th day of January, 2022 has introduced the market making scheme to with an objective to promote retail participation in government securities by providing prices/quotes to RDG account holders enabling them to buy and sell securities under the RBI Retail Direct Scheme.
Mistakes I made during my CA Preparation
Some people learn through others' mistakes and some commit their own. Here I am sharing my mistakes so that you can learn from them.
Some facts related to section 54F of IT act, 1961
The assessee purchased land from the sale proceeds of property held by him and constructed a nursing home and residential house thereon. On the residential house, he claimed exemption under section 54F of the Income-tax Act, 1961.
Valuation of free of cost supplies under GST
We know that the value of a taxable supply is the taxable base on which the rate is applied. It is important to understand and calculate the value of supply for ascertaining GST liability. GST will be applicable in the value of the goods and services supplied.
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