CAclubindia Articles

CBIC's Nationwide Sweep Exposes 10,000 Alarming Cases of Fake GST Registrations

Rashmi 27 May 2023 at 09:02

The Central Board of Indirect Taxes and Customs (CBIC) has launched a special all-India drive to combat cases of fake Goods and Services Tax (GST) registration...

Important Instruction on SOP for Scrutiny of GST Returns for FY 2019-20

CA Harshit Goyal 27 May 2023 at 09:02

The Goods and Services Tax (GST) Department has introduced Instruction No. 02/2023-GST, presenting an updated Standard Operating Procedure (SOP) for the scrutiny of GST returns.

Schedule III of CGST Act 2017: Related to Legal/Court/Tribunal services

Geetanjali Pandey 26 May 2023 at 15:49

In this Article, the author is going to describe the activities/transactions, which although are falling within the scope of Supply

Enhanced Tax Exemption on Leave Encashment: Non-Government Salaried Employees in FY 2023-24

CA Rakesh Ishi 26 May 2023 at 13:27

The Finance Ministry recently announced a significant increase in the tax exemption limit for leave encashment on retirement for non-government salaried personnel. The limit has been raised from ₹3 lakh to ₹25 lakh, effective from April 1st, 2023.

Adjudication Penalty For Adani Power For Non-Compliance Related Party Transaction

CS Divesh Goyal 26 May 2023 at 12:32

Every company registered under this statute or any other as prescribed is required to disclose related party transactions, under Sections 188 and 189 of the Company Act 2013.

Schedule III of CGST Act 2017: Related to Employee Services

Geetanjali Pandey 26 May 2023 at 12:17

Under this Article, I am going to describe the activities/transactions, which although are falling within the scope of Supply

Statutory Tax Compliance Tracker - June 2023

CS Lalit Rajput 26 May 2023 at 10:11

1. Compliance requirement under Income Tax Act, 1961 Sl. Compliance Particulars Due Dates 1 Due date for deposit o..

Can you get Tax Deductions for Both HRA and Home Loan Interest Simultaneously?

Tarun Kumar Madaan 26 May 2023 at 08:59

House Rent Allowance (HRA) is an allowance employers provide to cover the expenses of rented housing for employees. The Income-tax Act allows for an exemption on HRA if an employee resides in a rented house. Additionally, the Act permits a deduction on the interest paid by an individual taxpayer on a home loan.

Section 60 Provisional Assessment under GST: A Comprehensive Guide

CA Harshit Goyal 26 May 2023 at 08:59

In this article, we will delve into the details of Section 60 and explore the procedures involved in the provisional assessment process.

Secretary Auditor penalty for omitting related party information

CS Divesh Goyal 25 May 2023 at 09:39

This is a classic example of a secretarial auditor being penalized by the Registrar of Companies for failing to report material-related party transactions in their secretarial audit report.