CAclubindia Articles

Clubbing of income under Income Tax Act

Ayush 20 April 2023 at 17:51

Clubbing of income refers to the practice of treating the income of one person as the income of another person for the purposes of taxation. This is usually done in cases where the income is earned by one person but is intended to benefit or be used by another person.

Section 194IA | TDS on Sale of Property

CA Ruby Bansal 20 April 2023 at 14:45

Section 194IA of the Income Tax Act is a provision related to the deduction of tax at source (TDS) on payments made for the purchase of immovable property.

Section 17 of CGST Act 2017: Apportionment of Credit and Blocked Credit

Harsh Kaushik 20 April 2023 at 10:02

Section 17 of the CGST ACT 2017 talks about Input Tax Credit Apportionment and Blocking of Ineligible GST Credits.

Blockchain Adoption in Accounting: Opportunities and Challenges for Professional Accountants

CA Sanat Pyne 20 April 2023 at 08:49

Blockchain technology is a decentralized, distributed ledger system that allows for the secure and transparent recording of transactions.

Benefits of Filing ITR on time for FY 2022-23

Rashmi 20 April 2023 at 08:48

Filing your income tax return on time comes with various benefits. It not only helps you to avoid penalties and interest charges but also helps to build your financial history, improve your credit score, and increase your chances of obtaining loans and credit cards.

Recent ITAT rulings on Royalty and Fees for Technical Services

CA Rakesh Ishi 19 April 2023 at 15:20

ITAT held that the usage of Microsoft license and service desk facility dealing with IT incidents will not be treated as royalty and Fees for Technical Service (FTS).

Consequence of non-compliance with w.r.t maintenance of Books of Accounts, Statutory Registers and Minutes Book

Affluence Advisory 19 April 2023 at 14:59

In recent times, ROC has been diligently suspecting the non-compliance and passing stringent orders against the Company and its Directors. Therefore it has become important for the Company and Directors to ensure Compliance in true spirit and letter.

Components of Annual Return

Ishita Ramani 19 April 2023 at 14:59

The term "Annual Return" refers to the returns on an investment that are computed as a percentage of the initial investment over the period of a year. A gain on the initial investment occurs when the return is positive.

The Career Path To Being A Quantitative Analyst

Shree 19 April 2023 at 12:05

Quantitative analysts (quant analysts or quants) are financial professionals who develop and implement the various mathematical models used by investment banks, hedge funds, and other financial firms to analyse the markets, price assets, make investment decisions, manage risk, and measure performance.

An In-Depth Look at the Audit of Accounts Receivable and its Impairment Assessment

CA Sanat Pyne 19 April 2023 at 08:48

Accounts receivable refers to the money owed by customers to a business for the goods or services they have purchased on credit. It is an important part of a business's working capital and represents the amount of cash that the business can expect to receive in the near future.