CAclubindia Articles


LLP vs Pvt. Ltd: Registration Process and Compliance Comparison

  Ishita Ramanipro badge    08 February 2025 at 08:49

Choosing between a Limited Liability Partnership (LLP) and a Private Limited (Pvt Ltd) Company is critical for entrepreneurs.



FAQs on Principal Purpose Test (PPT) and Recent Clarifications by CBDT

  CA Rohit Sonar    08 February 2025 at 08:49

The Principal Purpose Test (PPT) is a provision under the Multilateral Instrument (MLI) to prevent treaty abuse and aggressive tax planning practices. It aims to ensure that treaty benefits are granted only when the principal purpose of a transaction or arrangement is genuine and not merely to obtain treaty benefits.



What is Book Identification Number in TDS?

  CA Aman Rajput    08 February 2025 at 08:49

The Book Identification Number, also called BIN, is a unique reference number generated by the Pay & Accounts Office, District Treasury Office, or Cheque Drawing & Disbursing Officer when filing Form 24G, which is used by government deductors for depositing TDS/TCS to track Tax Deducted at Source and Tax Collected at Source payments made by government offices without the challans.



Income Tax Calculator for FY 2025-26

  Benny Thadathil    07 February 2025 at 08:46

A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take-home to salaried employees and encourage them to spend or invest further



An Overview of Real Estate (Regulation and Development) Act (RERA), 2016

  CA.Sangam Aggarwalpro badge    07 February 2025 at 08:45

An Overview of Real Estate (Regulation and Development) Act (RERA), 2016IntroductionIn today’s world, every person purchase immovable property from Real



Budget 2025 - A New Tax Relief Plan for Individuals

  CA Umesh Sharmapro badge    07 February 2025 at 08:45

This budget brings significant changes aimed at reducing the compliance burden and providing tax relief to individual taxpayers



Union Budget 2025-2026: Glimpses

  Vishal Punchhi    07 February 2025 at 08:45

he budget introduces significant reforms, including the removal of income tax liability (under the new regime) for individuals earning up to INR 1.2 million annually, excluding special income.



Partnership Firm Registration Process Simplified

  Affluence Advisory    06 February 2025 at 15:02

A partnership firm is a business structure created by two or more individuals who mutually agree to share the profits and losses of a business operated by all or any of them on behalf of the others.



The Invisible Treasures (IND AS 38)

  CA Rakesh Ishi    06 February 2025 at 10:34

In the realm of enterprises, some assets were visible, like factories, machines, or inventory.



FAQs on requirement of prior approval by NBFC for change in management

  Affluence Advisory    06 February 2025 at 08:34

The Reserve Bank of India (RBI), in its Master Directions (Direction) for NBFCs, has outlined the requirement of obtaining prior written permission of RBI for a change in management of the NBFC which would result in a change in more than 30 percent of the directors, excluding independent directors (IDs).