CAclubindia Articles

Smart Festive Investment Tips on This Dhanteras

Mitali 29 October 2024 at 10:59

"Dhanteras" is celebrated just two days before Diwali which is considered an auspicious day for purchasing jewelry, property, and other valuables items that symbolize good fortune and prosperity.

All about Direct Tax Vivad Se Vishwas Scheme (DTVSV), 2024

CA.Sangam Aggarwal 29 October 2024 at 08:37

The Direct Tax Vivad se Vishwas Scheme, 2024 was introduced with the objective of providing a mechanism of settlement of disputed issues, thereby reducing litigation without much cost to the taxpayer.

This Diwali, Celebrate with GST Firecrackers!

CA Umesh Sharma 29 October 2024 at 08:36

Let's discuss some key important GST firecrackers that will help taxpayers in better compliance with GST law.

Key Differences Between Direct and Indirect Taxes: Understanding Their Impact on Businesses

Ishita Ramani 28 October 2024 at 08:28

This article explores the main differences between direct tax and indirect tax and highlights their impact on corporations.

MBP Under Companies Act: Understanding the Relationship

Priya Garg 26 October 2024 at 16:19

MBP, also known as Related Party Transactions (RPT), refers to transactions between a company and its related parties. Related parties can include directors, key managerial personnel, their relatives, and firms in which they have a substantial interest. T

CBDT Grants Extra Time for Taxpayers Requiring Audit

Mitali 26 October 2024 at 11:57

Due date to file ITR, those requiring an audit is October 31, 2024. Within this due date taxpayers such as company (whether tax audit applicable or not applicable), other than a company and partner of the firm are required to file the return.

New Rule 47A - Time limit for Self-Invoice under RCM

CA. Shivam Agrawal 26 October 2024 at 08:24

I am writing to draw your kind attention to the insertion of new Rule 47A in CGST Rules, 2017 with effect from the 1st day of November, 2024, made by the CGST (Second Amendment) Rules, 2024 notified vide Notification no. 20/2024 - Central Tax.

Waiver of Interest and Penalty in terms of Section 128A of CGST Act

Affluence Advisory 26 October 2024 at 08:24

Section 128A of CGST Act provides for waiver of interest or penalty or both relating to demand under Section 73 of CGST Act pertaining to period July 2017 to March 2018, FY 2018-19, FY 2019-20.

Time Limits for Income Tax Notices and Assessments: Quick Guide

CA Ruby Bansal 25 October 2024 at 17:42

Explore the key time limits for income tax notices and assessments in this quick guide. Stay informed about deadlines for filing, assessments, and resolving tax matters

Concept of TDS under GST in the Metal Scrap Sector

CA Piyush Agarwal 25 October 2024 at 09:31

The provisions for Tax Deducted at Source (TDS) under GST, as outlined in Section 51 of the CGST Act, were initially limited to government entities and public s..