CAclubindia Articles

CBDT launches Tax Calculator for FY 2023-24

Rashmi 25 May 2023 at 09:01

The Central Board of Direct Taxes (CBDT) has introduced a new Income tax calculator for the financial year 2023-24. This calculator is designed to be user-friendly and helps individuals and businesses calculate their tax obligations more easily.

Registering as an Indian Subsidiary Company: Things you should know

Ishita Ramani 25 May 2023 at 09:01

An Indian subsidiary refers to a company that is owned or controlled by another company. It is a business entity where the majority or partial ownership lies with a holding company.

An Overview of Trusts

Mohd Zain 25 May 2023 at 09:01

A Trust is not a separate legal entity, therefore the tax law uses the concept of the representative assessee to tax the trust as given under section 160 of the Income Tax Act, 1961.

Penalty for non-compliance with companies main objective

CS Divesh Goyal 24 May 2023 at 17:42

As stated in Section 4 of the 2013 Companies Act when combined with Section 10. The Act's provisions under section 4(1)(c) state, among other things, that the company's memorandum must list the object for which it is intended to be formed as well as any other information deemed relevant to those purposes.

GST Pre-Audit Advantages & Other Updates

CA Akshay Hiregange 24 May 2023 at 16:11

In this article we focus on certain advantages taxpayers can obtain through pre-departmental audits conducted by competent professionals.

Demystifying GST Audits: A Comprehensive Guide to Section 65 & Rule 101 - Essential Insights for Businesses

CA Harshit Goyal 24 May 2023 at 14:09

In this article, we will delve into the intricacies of these provisions, shedding light on the audit process from both the taxpayer's and the tax authorities' perspectives.

Comprehensive Guide to Gold Purchases, Possession Limits and Taxation in India

Rashmi 24 May 2023 at 08:54

Considering the cash transaction limits under income tax laws, transactions in cash above Rs 2 lakh in a single day are not permitted. Section 269ST of the Income Tax Act, 1961, prohibits cash transactions exceeding Rs 2 lakh in a single day or in aggregate from a person.

How to prepare Employees Data and Inputs for Actuarial Valuations in compliance of IndAS 19 & AS 15R for Employee Benefit Plans

Tikaram Chaudhary 24 May 2023 at 08:54

This article is prepared to help the company officials (I.E. HR, Accountant, Finance Managers, & Company Secretary) involved in preparation of Actuarial Inputs for Actuarial Valuations in compliance of AS 15 (Revised 2005) & IndAS 19 to understands various technical points while preparing the Inputs.

Drive Against Fake GST Registration

Poojitha Raam Vinay 23 May 2023 at 16:16

GST came into force on 1st July, 2017 and we will be celebrating 6 years of GST this year. Currently, there are 1.39 crore businesses registered under GST.

Employee Stock Option Plan (ESOP) and its taxability

Affluence Advisory 23 May 2023 at 14:59

ESOP are employee benefit plans that offer employees ownership interest in the organization they work. In other words, ESOP are the right / option given to eligible employees by the employers to buy equity shares of the company at a predetermined rate within a stipulated time.