CAclubindia Articles

Taxation on Agriculture Land in India as per Income Tax Act 1962

Posted by CA Shiwali Dagar 09 April 2025 5429 Views

If situated in any area which is comprised within the jurisdiction of a municipality or a cantonment board and its population is less than 10,000

Income Tax Payments: Mistakes To Avoid While Making Payments

Posted by Chaitra Seetharam 08 April 2025 0 Views

Income Tax Payments means the payment of tax liability to the government based on income earned during the financial year.

When Rent Crosses Rs 50,000, Even Individuals Become Deductors!

Posted by CA Umesh Sharma 08 April 2025 2749 Views

A taxpayer, is paying Rs 51,000 per month as rent for his residential flat and is not engaged in any business or profession. Based on these facts, is he required to fulfill any tax deduction obligations (such as TDS) on the rent payments?

Digital Signature and DIN: Why They're important for OPC Annual Return?

Posted by Ishita Ramani 08 April 2025 241 Views

This article explains how DSC and DIN are two key requirements for filing an OPC Annual Return.

Tariffs, Tensions and Trade Wars: How U.S. Economic Policies Are Reshaping Global Commerce

Posted by Dr. Rashid Mehmood, CPA, Ph.D 08 April 2025 289 Views

The recent wave of U.S. tariffs imposed on China and a range of other countries has sent ripples through the fabric of global trade. These measures are not merely about numbers and economic metrics-they signify a deeper realignment in international relations, economic strategies, and global market dynamics.

Case Law: Responsibility of Independent Director for Defaults of Company

Posted by CS Divesh Goyal 07 April 2025 1972 Views

The case of V. Selvaraj v. Reserve Bank of India (2020) is a landmark judgment that addresses the classification of Independent Directors as 'wilful defaulters' by banks.

Consent Letter for GST Registration: A Free Downloadable Template for Easy Compliance

Posted by Daljinder Gill 07 April 2025 4860 Views

The Consent Letter is a formal letter provided by the property owner giving permission for you to use their premises for business activities. This letter is essential if your business address is rented, leased, or located in a shared space.