CAclubindia Articles

Section 9 : Income deemed to accrue or arise in India

Saloni Gandhi 12 May 2018 at 13:11

Section 9 of Income Tax Act , 1961The Indian Income-tax Act provides for levy of income-tax on the income of foreign companies and non-residents, but only to ..

All about GST assessment

Ruchit Agarwal 11 May 2018 at 12:09

ASSESSMENTAs per Section 2(11) CGST Act 2017- 'Assessment' means determination of tax liability under this Act and includes self-assessment, re-asse

Some thorny issues in Tax credits in GST - Need for Govt to reform

Madhukar N Hiregange 10 May 2018 at 11:04

The credit provisions under GST is an amalgam of the Cenvat Credit provisions with some aspects of ITC borrowed from VAT. The cross credit between State and..

Inflation - The hidden enemy

CA Nitesh Buddhadev 10 May 2018 at 11:04

Just the other day at lunch we all colleagues were discussing about our school / college days.. and one of my seniors said they had only doordarshan on tv while..

MCA notifies 43 more sections of Companies Amendment Act, 2017

CS Jigar Shah 09 May 2018 at 11:13

Ministry of Corporate Affairs (MCA) vide its notification dated May 07, 2018 has notified 28 sections w.e.f. May 7, 2018. To access notification click on link b..

Obtain non/lower Tax deduction certificate under Sec 197 for business

CA. Siva Nagaraju 09 May 2018 at 11:13

The provisions of Income-tax act impose an obligation on customer (i.e., recipient of service) to withhold certain portion of payment as tax deduction at source..

Cash gift and restriction on cash transaction

CA PIYUSH KAPOOR 08 May 2018 at 14:59

MEANING OF GIFT56(2)(vii) is applicable only when gifts are received by Individual and HUF. Donor or Donee may be Resident or non Resident. As per the Income Ta..

Conversion of Partnership firm into Company

CS Divesh Goyal 08 May 2018 at 10:58

Short Summary:Ministry of Corporate Affairs allowed conversion of Partnership Firm into Company under Companies Act, 2013, for such conversion there is need to ..

Benefits of MSME registration for your business

Shrijay Sheth 08 May 2018 at 10:58

There are various benefits of MSME registration like subsidized loan support, rebate on the trademark application, credit guarantee scheme advantages, and many more.

Managing Director and Whole Time Director in a Private Limited Company

Dhaval Gusani 08 May 2018 at 10:58

The Companies Act, 2013 does not mandates a Private Company to appoint Managing director, Whole-Time Director or Manager. It also does not prohibit voluntary ap..