CAclubindia Articles

Finance Act 2021 | Did you Know? Certain Taxpayers Have to Pay Double Tax w.e.f 1st July 2021

CAJayprakash Pandey 12 June 2021 at 14:46

Section 206AB shall replace the applicability of TDS rate with a higher rate of TDS for those who have not filed an ITR for two PY when the aggregate of TDS and TCS is beyond 50,000 rupees in each of those two PY.

Unravelling the terms business, profession, vocation and occupation

Sivaraman A R 12 June 2021 at 11:04

Discussing the difference between the terms 'business', 'profession', 'vocation' and 'occupation' in the context of the Income Tax Act, 1961.

Section 115BAC of The Income Tax Act, 1961 | New Tax Regime vs. Old Tax Regime

Ashok Pitroda 12 June 2021 at 09:28

The new tax regime is available for individuals and HUFs with lower tax rates and zero deductions and exemptions available under various provisions of the Income-tax Act, 1961.

Issues on the New Income Tax Portal

CA Sapna Ghelani 11 June 2021 at 17:32

Within hours after its launch, the new Income Tax website started showing issues like the taxpayers were unable to access the website, popping up of different types of error, and many more technical glitches.

All About the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021

CS Tanveer Singh Saluja 11 June 2021 at 13:32

MCA has released the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 wherein amendments have been made in Forms IEPF-4 & IEPF-7.

Form 10BD - Statement and Certificate of Donation

Neethi V. Kannanth 11 June 2021 at 09:50

Form 10BD of the Income Tax Act is a statement of donations containing the details of donations received by Charitable Organizations during the financial year.

Decoding GST on Cryptocurrency

Vaibhav Singh 11 June 2021 at 09:50

Buying and selling of cryptocurrencies will be considered under the category of supply of goods. Other related facilitating transactions will be counted under services and these would include supply, transfer, storage, and accounting etc.

Tips for Staying Healthy During Exams

Tushar Pahade 10 June 2021 at 09:51

The exam period is usually a stressful time that can make students focus completely on their studies, neglecting their health. These tips can help nourish the brain and optimize health during the exam phase for anyone approaching an exam.

How to calculate the valuation of a business/enterprise - DCF valuation method

Rohit Goyal 10 June 2021 at 09:51

If you want to know the value of your business, then this tool could be helpful. This tool contains different valuation methods like DCF model, Enterprise valuation, Perpetuity value and Payback period.

All about ROF registration in India: Everything you should know about Firm Registration

Ishita Ramani 10 June 2021 at 09:51

Discussing what is a Partnership Firm, the process for ROF (Partnership Firm) Registration, documents required for ROF registration and benefits of Firm (ROF) registration.