CAclubindia Articles

Understanding TDS Under Section 195

CA Rakesh Ishi 27 December 2023 at 10:49

In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr.

What is the process to file Form ITR 5?

Ishita Ramani 27 December 2023 at 08:56

In this article, we will learn what ITR form 5 is and how to file it.

Can a Category III AIF invest in Mutual Funds on a permanent basis as a part of their multi asset portfolio?

Affluence Advisory 27 December 2023 at 08:56

A Category III Alternative Investment Fund (AIF) requested the Securities and Exchange Board of India (SEBI) for an Informal Guidance by way of the interpretative letter under the provisions of the SEBI (Informal Guidance) Scheme, 2003.

Higher GST charged by the Vendor: ITC as well as refund available to the recipient

Vivek Jalan 27 December 2023 at 08:56

Consider the situation where the input product was chargeable only at the rate of 5% and assesses supplier mistakenly charged higher rate of 18% GST on input for final product, which is chargeable to lower rate of GST of 5%

Impact of Unnotified Form GSTR-2 on ITC Reversal: Analysis of Section 16(4) Time Limit for Belated ITC Claims

Ayush 26 December 2023 at 14:53

Let us take the case of Tvl.Kavin HP Gas Gramin Vitrak vide Order No. W.P.(MD).Nos.7173 and 7174 of 2023 and W.M.P.(MD)Nos.6764 and 6765 of 2023 dated 24.11.2023 to understand the impact of the unavailability of Form GSTR-2 on the Input Tax Credit (ITC) reversal and the analysis of Section 16(4) regarding the time limit for belated ITC claims.

Taxpayers Could Gain the Ability to File Revised GST Returns From 2025

Shivani 26 December 2023 at 11:39

The government is looking for a significant change in the Goods and Services Tax system by considering the introduction of the option for taxpayers to file updated or revised returns.

Company Secretary as a Forensic Auditor

FCS Deepak Pratap Singh 26 December 2023 at 08:52

Forensic Audit represents an area of finance that combines detective skills and financial acuity.

IPO for Dummies - Shareholders point of view

CA Aman Rajput 25 December 2023 at 08:25

An IPO, or Initial Public Offering, is a fancy way of saying a company is selling shares of itself to the public for the first time. This is a big deal because it raises money for the company and makes it "public," meaning its ownership is no longer private.