CAclubindia Articles

Navigating NRI Tax Filing: A Comprehensive Guide

Posted by CA Arun Tiwari 17 April 2024 392 Views

In this guide, we'll break down the various aspects of income tax filing for NRIs, offering practical tips and valuable insights to make the process easier.

Levy of CGST & SGST

Posted by CA Rishi Goyal 16 April 2024 17212 Views

1. Article 265 of the Constitution of India mandates that no tax shall be levied or collected except by the authority of law. Charging Section is a must in any ...

ITR Forms under Income Tax Act 1961

Posted by Divyanshu Sharma 16 April 2024 17461 Views

Let's understand all types of ITR forms in detail.

High-value transactions in India: Tips for compliant tax filing

Posted by Rashmi 16 April 2024 3817 Views

The Income Tax Department in India monitors high-value cash transactions above a specific limit, and failing to disclose such transactions while filing Income Tax Returns (ITR) can lead to notices from the authorities.

Set Off and Carry Forward of Losses : An analysis

Posted by Neethi V. Kannanth 16 April 2024 8404 Views

If there is any loss under any head of income, the assessee can set off losses against income. Discussing the two ways of setting off losses against income i.e. through Intra-head and Inter-head adjustments.

Export of goods and non-realisation of consideration under GST

Posted by CA Roopa Nayak 16 April 2024 5946 Views

"Export of goods" as per Sec 2(5) of The IGST Act, 2017 with its grammatical variations and cognate expressions, means taking goods out of India to a place outside India.

GST Audits And Top 5 Practical Difficulties Faced By Taxpayers During Audit

Posted by CA Shruti Singhal 16 April 2024 7484 Views

GST audits are regularly undertaken by the department under Sec 65 of the CGST Act. These audits are conducted by the department either at their own premises or at the premises of the taxpayer.

Are Hotels Overpaying Taxes?

Posted by Khush Trivedi 16 April 2024 1135 Views

As we all are aware Hotel Industry is one of the dominating Industries in India Having Market size(2024) of 247.31 Billion USD & which will be around 475.37 Billion USD by 2029 with CAGR of 13.96%. Pre-GST Hotel industry need to pay municipal taxes (VAT, luxury tax, and service tax) under the previous VAT regime.