CAclubindia Articles

Income Tax Raids Net 351 Crore Cash and Expose Alleged Tax Evasion in Liquor Business

CA Aman Rajput 23 December 2023 at 09:11

A recent press release from the Income Tax Department reveals a major crackdown on a business group operating in Odisha, Jharkhand, and West Bengal.

Decoding Difference Between Personal Loan and Business Loan

Pranab Banerjee 22 December 2023 at 15:02

In the vast landscape of financial options, two prominent players often stand out – personal loans and business loans. Understanding the intricacies of each can be the key to making informed financial decisions that align with your needs and goals.

Triumphs and Trials

CA Pallav Singhania 22 December 2023 at 15:02

My article emphasizes the pivotal role of planning and strategy as essential tools for navigating and overcoming the obstacles and challenges presented by the passage of time.

Conditions for Blocking ITC u/s 86A Demand Strong Cases and Due Process for Taxpayers

Vivek Jalan 22 December 2023 at 09:26

Blocking of ITC u/s 86A is possible only when the officer has a strong case; opportunity of being heard has to be provided to the taxpayer also

RBI tightens norms for lenders investing in Alternate Investment Funds (AIFs)

Affluence Advisory 22 December 2023 at 07:24

The Reserve Bank of India (RBI) issued a circular, RBI/2023-24/90, on December 19, 2023, addressing concerns related to investments in Alternative Investment Funds (AIFs) by regulated entities (REs).

Understanding the Consumer Protection (Direct Selling) Rules, 2021

CA Aman Rajput 22 December 2023 at 07:24

Recently, the Government of India introduced the Consumer Protection (Direct Selling) Rules, 2021 to regulate activities related to direct selling. These rules aim to protect consumers and ensure fairness in the direct selling business.

Startup India Recognition Certification: Registration with DPIIT

Compliance Calendar LLP 21 December 2023 at 17:20

Startup India Certification is a recognition granted by the Government of India to eligible entities that meet the criteria specified under the Startup India initiative.

Key highlights of Report on Group Insolvency

CS Peer mehboob 21 December 2023 at 07:11

IBC does not explicitly provides for dealing with cases of group insolvency. However, the Adjudicating Authority (AA) at several occasions, has attempted to consolidate the insolvency resolution processes of such companies because of the higher possibility of revival and better value realization.

Decoding Safe Harbour for Intra-Group Loans: New Income Tax Rules Explained

CA Aman Rajput 21 December 2023 at 07:11

The Central Board of Direct Taxes (CBDT) has recently released the Income-tax (Twenty-Ninth Amendment) Rules, 2023, making significant changes to how intra-group loans are treated for tax purposes.