Popular Articles

SC explains distinction b/w Sales and Works contract

Bimal Jain 19 May 2014 at 12:07

Dear Professional Colleague,SC explains distinction between Contract for sale of goods and Works contract We are sharing with you an important judgement of the Honble Supreme Court of India, in the case of Kone Elev

How to overcome the fear of ISCA?

CA Anurag Sharma 27 December 2016 at 11:14

"ISCA" the name that often gives CA Final students shiver down their spines. It was my nightmare for sure. I flunked my CA final mainly because of th

Amendments in Income Tax Act for AY 2020-2021

Ajay Kumar Mundada 21 April 2020 at 17:15

The Amendments made to the Income Tax Act in respect of Individual, HUF, Domestic Companies for AY 20-21, PY 19-20 by way of Finance Act

Initiatives for Professional Development

Madhukar N Hiregange 12 February 2013 at 11:36

Initiatives of ICAI for Professional Development & Members Expectations -Way Forward CA Madhukar N Hiregange Teach a man to fish rather than give him fish as the former would allow him to feed himself for his lifetime The ICAI wa

Section 194R: Tax Deducted at Source on benefits or Perquisites

Shailesh Prajapati 25 June 2022 at 13:21

The new section mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source @10% of the value or aggregate of value of such benefit or perquisite, before providing such benefit or perquisite.

Tax Compliance Tracker - August, 2022

CS Lalit Rajput 04 August 2022 at 16:36

Tax Compliance Tracker for the m/o August, 2022

All about Term Insurance

CA Garima Bajpai 15 March 2023 at 10:58

Investing in a Term Insurance Plan is one of the simplest and best ways to get insured!!

An evening conversation of GST applicability on sale of repossessed assets by banks

Sunil Kumar 15 December 2016 at 11:53

The matter is subject to finality before the Apex Court. But many banking companies are not paying tax and making appropriate provision for this probable liability. It was expected that the Government might bring clarity on this transaction under GST.

All about clubbing of income

Neethi V. Kannanth 16 June 2022 at 08:58

Clubbing of income means adding or including the income of another person (mostly family members) to one's own income. This is allowed under Section 64 of the IT Act.

Why be CFO when a CA can be CEO?

Prajwal 29 March 2019 at 12:55

Hey guys!Just cleared CA and got your entire life figured out? Yay, great! You guys are among the elite few who got it all sorted, while the rest of us, sketchi..