CAclubindia Articles

Link PAN with Aadhaar by 31st March: SEBI direction to Investors

Affluence Advisory Pvt. Ltd 18 March 2023 at 06:56

SEBI has directed all investors to link PAN with Aadhaar numbers by 31st March 2023 for seamless transactions in the securities market.

Posted in Income Tax | 1 comments | 2898 Views

Higher TCS on Foreign Remittances: What Parents Need to Know While Sending Money for Education Expenses

Rashmi 18 March 2023 at 06:56

The Union Budget 2023 proposed to increase the tax collection at source (TCS) for foreign remittances under the liberalised remittance scheme (LRS) from 5% to 20%.

Posted in Income Tax | 2643 Views

Export under GST

CA. SANAT PYNE 18 March 2023 at 06:56

Under GST, the term "Export" refers to the supply of goods or services that are sent outside the territory of India. This means that any supply of goods or services that leaves India's boundaries can be considered an export.

Posted in GST | 7455 Views

Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25

Pranab Banerjee 17 March 2023 at 13:18

Salary arrears are understood as unpaid wages of the previous period accrued in the current year. There may be a subsequent revision of the employee's wages or a disputed wage which is then issued by the employer.

Posted in Income Tax | 1 comments | 3399 Views

Be Prepared: Income tax rule changes you should know for New Financial Year

Rashmi 17 March 2023 at 08:58

The Finance Act, 2020 has introduced a new tax regime which is now the default regime for Individuals, HUF, AOP (other than co-operatives), BOI & AJP.

Posted in Income Tax | 2 comments | 13266 Views

Form MGT-7: An Overview

Ishita Ramani 17 March 2023 at 08:53

MGT-7 is an electronic form issued by the Ministry of Corporate Affairs for all companies for filing the data of their income and expenditure for the particular year.

Posted in Corporate Law | 981 Views

One Person Company: An Overview

Y Ramakrishnan 16 March 2023 at 14:42

One Person Companies (OPCs) in India are a unique type of corporate entity that was introduced in the Companies Act, 2013. The concept of OPCs was introduced with the objective of promoting entrepreneurship and providing a simpler form of business structure for individuals.

Posted in Corporate Law | 1 comments | 1020 Views

E-invoice and recent circular under GST

CA Somil 16 March 2023 at 09:01

Every registered taxable person whose aggregate annual turnover exceeds Rs. 10 Cr in any of the financial year starting from 2017-18 is liable to issue e-invoice by way of uploading its tax invoice in json file on Invoice Registration Portal (IRP) in accordance with e-invoice schema in INV-01 and getting back digitally signed json from IRP with IRN and QR Code.

Posted in GST | 1 comments | 25425 Views

Foreign Tour Packages Will Cost More Starting 1st July 2023: Tips to Book Smarter and Save

Rashmi 16 March 2023 at 09:01

Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%

Posted in Income Tax | 4 comments | 4257 Views

Facts you need to know about Bike insurance

CS Pankaj Khanna 15 March 2023 at 15:56

Bike protection is a sort of protection that gives monetary insurance to bicycle proprietors against misfortunes that might happen because of unforeseen occasions like burglary, mishaps, or harm caused to outsider property. In India, bike insurance coverage for at least third parties is required.

Posted in Corporate Law | 828 Views