CAclubindia Articles
Advance is taxable in the year of receipt
In the case of a works contractor, an AMC provider, or another service provider, collection of the entire year's charges is done one go in advance. The amount is many a time recorded as "current liability" in the balance sheet as "income received in advance."
Key Deadlines to remember in the month of December!
December isn't just about celebrations; it's also a busy month for taxpayers and businesses. Missing any important deadline will lead to fines, interest, or may even lose refunds.
SEBI's Tightened Grip on SME IPOs: A Necessary Reform?
SEBI recently cancelled the initial public offering (IPO) of Trafiksol ITS Technologies, a small and medium enterprise (SME), highlighting rising concerns about corporate governance and transparency in the SME IPO segment.
Taxpayers with Undisclosed Foreign Assets Must Revise ITRs by 31st Dec 2024
Taxpayers with undisclosed Foreign Assets like real estate, bank accounts, shares, debentures, insurance policies or Foreign Income to revise their ITRs by 31st December 2024... atleast those who get e-mail or SMS
How to Register a Company in India: Common Mistakes to Avoid
In this article, we'll discuss common mistakes to avoid while gaining knowledge of how to check in an organization in India.
Understanding Open Offer Regulations
An open offer is an offer made by the acquirer to the shareholders of the target company inviting them to tender their shares in the target company at a particular price.
Stock-in-Trade and Section 40A(3): Cash Payments Under the Microscope
In this article, we examine major provisions exceptions & judicial decisions which deal with the application of Section 40A(3).
Knowledge - The Ultimate Power
Ultimate power is the ability to produce results you desire most and create value for others in the process. Power is the ability to change your life, to shape your perceptions, to make things work for you and not against you.
Examples of Direct Tax and Indirect Tax in Everyday Life
This article explores examples of direct tax and indirect tax in everyday life that will help you apprehend their impact.
Income Tax Implications on Sale of Property
The sale of property in India has tax implications which depend on various factors like the type of property, holding period, and the residential status of the seller.
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