CAclubindia Articles

Statutory Tax Compliance Tracker: March 2024

CS Lalit Rajput 01 April 2024 at 10:54

Statutory Tax Compliance Tracker for the m/o March 2024

All about Section 43B(h)

CA. Ankit Chandrakar 01 April 2024 at 08:37

The Finance Act, 2023 inserted a new clause (h) in income tax section 43B that allows deductions made to MSMEs on an actual payment basis rather than the accrual basis if the payment is created within the threshold limit. This clause comes into effect from 1st April, 2023.

Knowledge Isn't Power. Or Is It?

Karan Khatri 01 April 2024 at 08:37

Now, I know as CA students and professionals, we value knowledge. Heck, our whole field is built on it! But here's what I missed before: words like "gyan" and "shakti" hold way more meaning than any simple English translation can give them.

Latest Amendments in Income Tax

CA.Sangam Aggarwal 01 April 2024 at 08:37

The CBDT has issued order that tax demands under Income Tax Act, Wealth Tax, and Gift Tax which are outstanding as on 31st March pertaining to assessment year 2010-11- each demand entry up to Rs. 25000/- and assessment year 2011-12 to 2015-16 - each demand entry up to Rs. 10000/- shall be extinguished but subject to maximum ceiling of Rs. 1 lakh for any specific taxpayer/assessee.

Scale-Based Regulation 2023: Non-Banking Financial Company (NBFCs)

Affluence Advisory 01 April 2024 at 08:37

The Reserve Bank of India (RBI) has played a crucial role in regulating the NBFC sector over the years. With the sector's evolution and growth dynamically the regulator amends the regulations from time to time giving the sector the flexibility to operate efficiently.

Simplifying GST on Hotel, Restaurant & Outdoor Catering Services

CA. Bhavik P. Chudasama 30 March 2024 at 14:24

This article aims to demystify the GST maze for hoteliers, restaurateurs, and caterers, offering a clear and concise guide to ensure smooth compliance and maximize tax benefits.

The Crucial Role of Control Assurance Services in Modern Business

Sundaran.D 30 March 2024 at 13:11

Navigating the intricacies of modern business landscapes is akin to traversing a labyrinth of regulations, standards, and internal policies. With each evolution in the business realm comes a corresponding evolution in the challenges of maintaining control and compliance.