CAclubindia Articles

ITR requirement for VISA purpose

Posted by Sparsh Wadhwa 16 October 2023 9942 Views

In this article, we will delve into the significance of ITR for visa and the way it performs a important role for the application process.

GST on Dance Classes & Workshops

Posted by CA Raghav Khandelwal 14 October 2023 8307 Views

There are different scenarios in which the training or workshop for dance training occurs in the market.

11 Accounting Advantages - Let's Crack the Code

Posted by Rohit Patel 14 October 2023 3892 Views

Let's look on a journey through 11 key advantages of accounting, by real-life examples to understand their significance.

New Inventory Valuation guidelines under Income Tax

Posted by Vivek Jalan 14 October 2023 18197 Views

The Finance Act 2023 has taken a major step forward by introducing the concept of inventory valuations by Cost Accountants in specific cases, as granted by Section 142(2A) of the Income Tax Act.

A Step Towards Simplicity: Unregistered Suppliers Enrolling for E-commerce Supply

Posted by CA Aman Rajput 13 October 2023 5613 Views

In a recent development by the GSTN, a significant advisory was issued on October 12, 2023. This advisory pertains to unregistered suppliers and their need to obtain an enrolment number on the GST Portal, validated through their PAN, before conducting any supply through an ECO.

What is GST Annual Return or GST Audit?

Posted by Ashok Pitroda 13 October 2023 13994 Views

As per Rule 80 of the CGST Rules, 2017, every registered person liable to file annual return for every financial year is required to file the same on or before the 31st of December of the next financial year.

MVAT Audit Report in Form e-704

Posted by Ishita Ramani 13 October 2023 4273 Views

In this article, we'll go into detail about the new VAT Audit Form 704, including its deadline, important clauses, and the significance of the audit report under MVAT.

ITR requirement for loan purpose

Posted by Sparsh Wadhwa 13 October 2023 8256 Views

Income Tax Return (ITR) is an important document that reflects an individual's income, taxes paid, and other financial information. Many banks and financial institutions require ITR documents to process and approve loans.

Section 192: TDS on Salary

Posted by Mitali 12 October 2023 7190 Views

In accordance with Section 192 of the Income Tax Act, 1961, employers are required to deduct TDS (Tax Deducted at Source) from the salary income of employees.

TDS on Rent u/s 194I, 194IB and 194IC

Posted by Mitali 12 October 2023 5960 Views

TDS (Tax Deducted at Source) on rent refers to the deduction of a certain percentage of tax by the tenant before making a rental payment to the landlord. The tenant deducts TDS and deposits it with the government. This ensures that the government receives tax revenue on rental income and prevents tax evasion.