CAclubindia Articles

Cyber Risk in Audit: Why It's Crucial for Risk Assessment

Posted by CA Amrita Chattopadhyay 05 March 2022 2799 Views

Discover why cyber risk assessment is vital during audits, especially with remote work. Learn how auditors must adapt to new threats and standards.

Sub-leasing Tax: Business Income vs. House Property Income

Posted by FCS Deepak Pratap Singh 05 March 2022 6753 Views

Understand whether income from sub-leasing properties is taxed as business income (PGBP) or income from house property. Learn from a High Court ruling.

Section 153A IT Act: Assessment in Searched Cases

Posted by FCS Deepak Pratap Singh 04 March 2022 6655 Views

Understand assessment under Section 153A of the IT Act, 1961 for searched cases. Learn about notice issuance, scope of assessment, and key judicial pronouncements.

GAAR vs DTAA: Can India's GAAR Override Tax Treaties?

Posted by Mayank Mohanka 04 March 2022 5051 Views

Explore if India's General Anti-Avoidance Rules (GAAR) can override Double Taxation Avoidance Agreements (DTAAs). Understand the legal nuances and recent judgments.

E-Bill System: Faster Government Payments for Contractors

Posted by CA Puja Sharma 04 March 2022 8874 Views

Discover the new E-Bill system for government contractors. Learn how it speeds up payments, increases transparency, and digitises the entire process. Find out more!

Appreciating All Journeys: Completed & Incomplete

Posted by isha pandey 04 March 2022 3283 Views

Discover why we often only celebrate completed journeys and explore the value of appreciating efforts, even when a goal isn't fully reached. Read more!

Input Tax Credit Reversal in Real Estate Under GST

Posted by FCS Deepak Pratap Singh 03 March 2022 10196 Views

Understand Input Tax Credit (ITC) reversal for real estate developers under GST. Learn about rules, calculations, and common scenarios.

Fiscal Year vs Assessment Year: Understand the Difference

Posted by Suhani Ahuja 03 March 2022 7047 Views

Confused by Fiscal Year (FY) and Assessment Year (AY)? Learn the key differences and how they apply to your Income Tax Return (ITR) filing in India.

Tax on Gifting Shares: Rules for Doner & Donee

Posted by Poojitha Raam Vinay 03 March 2022 43828 Views

Understand the tax implications of gifting shares in the UK. Learn rules for the sender (doner) and receiver (donee) to ensure compliance.

Can more than one show cause notice be issued for same period in GST?

Posted by Abhishek Raja 02 March 2022 32850 Views

No SCN can be issued for subsequent period, when notice and adjudication order for previous period quashed by Court or Tribunal. But if something has been missed then second Show Cause Notice could be issued and Department has right to demand tax which has escaped assessment.