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CAclubindia Articles


Procedure for change in partners

  CS Divesh Goyal    09 September 2021 at 09:55

A person can be admitted as a partner in LLP as per the provisions of the LLP agreement and section 22 of the LLP Act, 2008. If the agreement is silent then the partner shall be appointed as per Schedule I.



Are you ready for a Credit Card?

  Muskan Mudgil    09 September 2021 at 09:38

A credit card is a payment card issued by a bank or financial services company that allows cardholders to borrow funds from a pre-approved limit to pay for their purchases.



What is Foreign Account Tax Compliance Act and CRS

  Taxblock    09 September 2021 at 09:37

The foreign account compliance tax account is the tax mechanism that compels U.S. citizens at home or abroad to disclose all their foreign account holdings while filing their annual reports.



TDS and TCS on Purchase of Goods Under Income Tax

  Taxblock    09 September 2021 at 09:37

The tax deducted under section 194Q shall be applicable on businesses whose gross receipts, turnover, or total sales exceed 10 crores in the Assessment Year 2020-21.



Trust under Indian trust Act, 1882

  Taxblock    09 September 2021 at 09:37

A trust is a relationship in which a person or entity is bound by a fiduciary relationship to exercise that legal rights over the trust property for the benefits of any one or more individuals known as beneficiaries.



Understanding the Taxability of ESOP Gains

  Taxblock    09 September 2021 at 09:37

ESOPs can be issued to permanent employees of parent or subsidiary company working in India or outside India and directors of the company including whole time or part time director but not including independent director.



Neo Banks - A New Era in Banking

  Poojitha Raam    08 September 2021 at 15:49

A new era in banking is where banking activities are done through a digitized mechanism. Neobanks are fintech firms, that is to say, digital banks without any physical branches.



The series: Lets go International - Part 1

  CMA Mrudula M    08 September 2021 at 15:10

Countries offer various commerce professional courses some of which have wide global scope and acceptance. In this series, we will be taking a look at 4 widely accepted international professional courses.



SEBI introduces T+1 settlement cycle for stocks on optional basis

  CS Tanveer Singh Saluja    08 September 2021 at 11:51

The settlement cycle is shortened after keeping in view the requests from various stakeholders and discussions with Stock Exchanges, Clearing Corporations and Depositories.



GST Exemption upto Rs.7500 to Residential Welfare Association

  CA Roopa Nayakpro badge    08 September 2021 at 09:41

The recent judgment of the HC in Greenwood Owners Association vs. UOI has held that it is only contributions to RWA in excess of Rs.7,500/- that would be taxable under the GST Act.