CAclubindia Articles

Income Tax on Non-Resident Indians who sell House Property in INDIA

Posted by Affluence Advisory 09 May 2023 5205 Views

Capital Gains Tax applies if Non-Residents sell any House Property in India. The Tax is payable on gains depending on whether it is Long Term Capital Gains or Short Term Capital Gains.

MSME should do this for recovery of their Delayed Payments

Posted by CA Umesh Sharma 08 May 2023 6188 Views

Government under the Ministry of MSME has introduced the "MSME Samadhaan-Delayed Payment Monitoring System" Scheme, which aims to resolve disputes related to delayed payments by launching an online platform called the MSME Delayed Payment Portal regulated by Micro Small Enterprises Facilitation Council (MSEFC).

SEBI introduces LEI System

Posted by CS Lalit Rajput 08 May 2023 3751 Views

SEBI has introduced 'Legal Entity Identifier' (LEI) system for issuers who have listed or proposed to list non-convertible securities (NCS), securitised debt instruments and security receipts.

Who is required to file ITR?

Posted by Affluence Advisory 08 May 2023 4396 Views

Income Tax return filing is mandatory if the Total Income of an Individual exceeds the maximum amount which is not chargeable to income-tax i.e Rs. 2,50,000 for individuals whose age is less than 60 Years.

LEI made mandatory for Non-Convertible Securities, Securitised Debt Instruments and Security Receipts

Posted by Neha Rajan Redekar 08 May 2023 1947 Views

SEBI through its circular dated 3rd May, 2023 has made Legal Entity Identifier (LEI) code mandatory for issuer who have listed and/ or propose to list non-convertible securities, securitised debt instruments and security receipts.

GST implications on out-of-court settlement

Posted by Member (Account Deleted) 08 May 2023 8234 Views

Out of Court Settlement is resolution of a legal dispute which takes place outside of a court proceeding or before the court comes to a final decision.

Practical Guide to Dealing with a notice for Reopening of Assessment Proceedings under IT Act 1961

Posted by Adv. Ravish Bhatt, ADIT, CIOT 06 May 2023 6418 Views

Reopening of an assessment concluded under section 143(1) or even under section 143(3) (Scrutiny Assessment) of Income Tax Act, 1961 is a dreaded nightmare of any assessee.

GST for Freelancers

Posted by Ishita Ramani 06 May 2023 7247 Views

This article aims to provide information on GST for freelancers in India.

Special Drive to Combat Fake GST Registrations and Safeguard Government Revenue

Posted by Abhishek Raja 06 May 2023 36559 Views

The Indian government has announced a Special All-India Drive to be carried out from 16th May to 15th July 2023, aiming to tackle the growing problem of fake Goods and Services Tax (GST) registrations and the fraudulent passing of input tax credit (ITC).

Loan against EPF: Key Summary

Posted by CS Lalit Rajput 06 May 2023 2543 Views

The Central Government had launched Employees' Provident Fund (EPF) which is a retirement benefit scheme maintained by the Employees' Provident Fund Org...