Popular Articles

Analysis of Sec 115BAA of the Income Tax Act

Suresh Thiyagarajan 17 October 2019 at 11:41

With the introduction of sec 115BAA, domestic companies who are paying tax at the rate of 25% (or 30%) now have an option to pay tax at a lower rate through sec 115BAA. Any person who had opted for sec 115BAA being a domestic company will pay tax at the rate of 22% on its total income irrespective of its turnover during the previous year.

A re-look on the Section 93 of the Companies, Act, 2013

Shashikant Sharma 23 July 2014 at 12:45

CHANGE IN SHAREHOLDING OF PROMOTERS OF THE COMPANY:Section 93 of the Companies Act, 2013 (the Act) mandates that every listed companies shall file with the Registrar with respect to change in the number of shares held by promoters and t

Completed CA - Real Life Begins Now!!

Nimish Goel 20 January 2012 at 12:45

Completed CA - Real Life Begins Now! Congratulations to all those students who qualified as Chartered Accountants. Completing a rigorous training and clearing examination is indeed a commendable job. I remember my old days, when I qualified in 20

Brief of GST bill, 2015

TAPISH KHANDELWAL 27 April 2015 at 10:50

The GST (Goods and service Tax) Bill rolling out the country's biggest indirect tax reform since 1947 has been subject to heated debate since it was introduced for discussion in 2009 by the previous UPA government.After the 7 years of discussion

New Income Tax Regime or Old Regime: What should a Salaried Taxpayer choose?

Abhishek Ranjan Singh 20 July 2020 at 09:42

In the Union budget 2020, the Finance Minister proposed a New Tax Regime as an alternative to the existing Old Tax Regime.

Penalty under Rule 27 for Technical Lapses? No Way

D R Pandit 20 December 2012 at 10:55

Rule 27 of Central Excise Rules 2002, is generously used for penalizing technical lapses. Many subscribe to the view that when penalty is imposed under Rule 27 for say, delayed filing of Returns, the penalty is payable. With due respect to all those

Penalty Under Section 271(1)(C) of the Income Tax Act 2016

Dilip K Raina 30 December 2019 at 10:12

Penalty Under Section 271(1)(C) of the Income Tax Act 2016

Rule 37 : Reversal of ITC on non-payment to vendors within 180 days

CA Roopa Nayak 30 January 2023 at 08:48

In this article, the author has examined the non-payment to vendor within 180 days of invoice date and the implications thereof to assessee.

Applicability of Swachh Bharat cess

Gaurav Arya 17 November 2015 at 11:55

Effective rate of Service tax from 15th November, 2015 is 14.50%. Central Government has imposed a new levy in the name of Swachh Bharat Cess (SBC). (Notification No. 21/2015 � Service Tax dated 06th November,2015). Rate of SBC is 0.50% and it

Accounting Standards in IPCC Exams

Abhimanyu Bind 03 March 2012 at 13:30

Hi, friends. Hope you all are busy in revisions for your IPCC/PCC Exams. Till now, you have done all chapters of Account subjects. But here, the purpose of writing this Article is to pay your attention on a very important part of Account Sylabus, y