Popular Articles

Which Ratios should you check before Investing in Stock?

Deepanshi Bansal 11 October 2021 at 09:35

Any stock can be analyzed on many parameters but there are 6 basic checks which can tell you whether to go for further analysis or not.

Equity or Liability? - Ind AS/ IFRS

CA Anuj Agrawal 30 December 2016 at 10:49

After the introduction of IFRS (called IND-AS in Indian perspective) in India, now all instruments that are issued by an entity will not accounted just based on..

Retrospective Application of Merchant Trading, In-bond and High sea sales in GST

Bimal Jain 27 July 2018 at 11:19

One of the significant changes proposed by the GST Council in its recently concluded 28th meeting on July 21, 2018 is inclusion of following transactions in Sch..

Developments in the new registration procedure under MVAT

Yash Goyal 18 August 2015 at 10:05

Dear All,The procedure for obtaining new registration under the MVAT Act was amended vide circular 5T of 2015. For a gist of the new procedure please visit the below link.http://www.caclubindia.com/articles/new-procedure-for-registration-under-mvat-2

Cenvat credit not available on Tower Parts & Pre-fabricated

Bimal Jain 03 September 2014 at 11:35

Dear Professional Colleague,Cenvat credit not available on Tower Parts & Pre-fabricated buildingsWe are sharing with you an important judgment of the Honble High Court of Bombay in the case of Bharti Airtel Ltd. Vs. the Commissioner of Cen

Introduction of quarterly returns and CGST (13th Amendment) Rules

Rohit Kumar Singh 12 November 2020 at 12:52

CBIC has issued 8 important notifications on 10th Nov 2020. The summary of such notifications along with a link to said CGST notifications is given in this article.

Old/New Tax Regime- What will help you save Tax?

CA HANSINI Y. BUCH 11 May 2020 at 09:55

From the Assessment Year 2021-22 and thereafter, the taxpayers will have the option to discharge their income tax liability either as per Old Tax Regime or as per New Tax Regime.

Summons issued u/s 50(2) & (3) of PMLA, 2002 cannot be quashed in Writ Proceedings

FCS Deepak Pratap Singh 23 November 2021 at 09:27

Summons issued under provisions of Section 50(2 ) & (3) of PMLA,2002 cannot be quashed in Writ proceedings

Section 36: Other Deductions Under The Income Tax Act

Ritik Chopra 02 August 2021 at 18:53

While computing the income of a business or profession, other expenses in the nature of Insurance Premium, Health Insurance Premium, Bonus, Interest on Borrowed Capital and 9 others are admissible for deduction.

No GST payable on recoveries from employees towards transport facility

Lekhraj sood 15 September 2020 at 17:04

AAR Maharashtra vide its order GST-ARA-23/2019-20/B-46 dated AUGUST 25, 2020 in the case of Tata Motors Limited rules that no GST is payable by the applicant on the nominal amounts recovered from its employees for availing transportation service for commuting to office in view of the fact that this transaction is not a supply as being covered under Schedule III of the CGST Act.