CAclubindia Articles

GST Implications on Gift and Business Promotional Expenditure

Posted by Safder Alam 26 May 2020 5871 Views

Person in Trade and Industries are in the fix regarding availability of Input Tax Credit(hereinafter referred to as "ITC") on certain type of Business promotion expenditure. Such expenditures are necessary to boost the sale of service. and before we proceed further let us look into certain sections/clauses/terms and conditions.

Issues of GST ITC in Lockdown of Business

Posted by CA Umesh Sharma 26 May 2020 11754 Views

Is ITC eligible on expenses made for employee's health safety? The lockdown has promoted the Work from home Culture. Is ITC eligible for such expenses? Read what Krishna has reply to these queried posed by Arjuna

Analysis of due date extension of GSTR forms in J&K and Ladakh

Posted by Kusum Gandhi 25 May 2020 4229 Views

In this article we will discuss on Notification No 57 to 62 Central Tax dated 26.11.2019 as issued by CBIC.

How to incorporate a private limited company?

Posted by Kavita D. Shah 25 May 2020 11533 Views

The author, in this article, has included all the amendments up to 25th November 2019 for incorporating the private limited company.

Calamity Cess on GST: A plan to tide over COVID Crisis

Posted by Anshu Gupta (CA-Final) 25 May 2020 3156 Views

There are powers granted under Article 279A(4)(f) of the constitution, the GST Council can levy a special tax during any natural calamity or disaster. In order to raise additional revenue from GST, central government was considering imposing a Calamity Cess on GST @ 1% to tide over the economic crisis.

Extension of cheque's life span- The need of the hour amidst COVID-19

Posted by Dhara Khakharia 25 May 2020 2390 Views

Extension of the cheque's validity span has now become the need of ours in this crucial time. It will be more helpful to small vendors, creditors, and many other corporate companies and also to all business models. Hope the government will understand this serious matter and take the necessary step to boost up the activities and once again the economic engine will be back on track.

Medical expenses cannot be carried forward for tax deduction benefit

Posted by Member (Account Deleted) 25 May 2020 3246 Views

A deduction is available under Section 80DD of the I-T Act to a resident taxpayer, if he has incurred expenses for medical treatment, training, and rehabilitation of a dependant parent, with disability

How can CA firms go digital?

Posted by mansi 25 May 2020 8297 Views

Due to the current challenging situation the whole world is facing, as a CA who is working somewhere or a CA who is running his/her own firm, it is particularly important to analyze your firm's digital quotient and make it tech-savvy.

How are Dividends Taxed?

Posted by Deepesh Jagwani 25 May 2020 19984 Views

Finance Act 2020 abolishe dividend distribution to tax shifts the burden of tax on dividend over the shareholders. Finance Act proposes for moving towards classical system of taxing dividends in the hands of shareholders/unitholders. The dividend is income in the hands of shareholders and not a company. Therefore, the incidence of tax should fall on the shareholders.