CAclubindia Articles
Interpretation of the term 'As Is' or 'As Is, Where Is Basis' for regularizing the past period transactions
In the recent circulars issued pursuant to 53rd and 54th GST council meeting wherein CBIC based on the recommendation of GST Council has clarified upon applicability of tax rate/classification or exemptions available in case of specified goods or services.
Understanding Form 12BAA: A Guide to Simplifying TDS and Managing Additional Income
Form 12BAA is a straightforward declaration form. It lets you tell your employer about any other income you have, like interest income, capital gains, or commission Income.
Recent Important Amendments in the CGST Rules
1. Rule 36 - Documentary requirements and conditions for claiming input tax creditCBIC vide Notification No. 20/2024 - Central Tax dated October 08, 2024 w.e.f....
A Guide to Microfinance Companies
The microfinance segment in India has proved to be fundamental for promoting financial inclusion by extending credit to low-income groups that are traditionally not catered to by lending institutions.
ITC will be allowed when Immovable Property falls under Definition of Plan & Machinery: SC
To give a plain interpretation to clause (d) of Section 17(5), the word "plant" will have to be interpreted by taking recourse to the functionality test.
Additional FAQs on IMS
1: Which invoices are visible on the IMS dashboard since October 14, 2024?IMS is launched from the GSTR-2B return period of Oct'24. Hence, all the records eligi...
What Are the Top Features and Benefits of a CA Loan
This blog explores the reasons for taking a CA loan, its features and benefits, and how to apply for it. Read on!
Step-by-Step Guide to TAN Correction Online: How to Update Your Tax Account Number
This article presents expertise on a step-by-step guide to update your TAN using the online system.
Understanding Partition and Re-Union of HUF
Family connotes a group of people related by blood or marriage, "family" always specifies a group. Plurality of persons is an essential attribute of a family A Family consisting of a single individual is a contradiction. Section 2(31)(ii) of The Income Tax Act,1961
CBDT Issues Guidance Note on Direct Tax Vivad se Vishwas Scheme, 2024: Top 35 FAQs Clarified
The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred as DTVSV Scheme, 2024) has been enacted vide Chapter IV of Finance (No.2) Act, 2024 to provide for dispute resolution in respect of pending income lax litigation.
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