CAclubindia Articles

Cash transactions and its income tax implications

CA Umesh Sharma 05 September 2022 at 13:50

Mahalaxmi Festival is celebrated with great enthusiasm by the taxpayers and the taxpayers ensure that the proper preparations and arrangements are made for arrival of Goddess Mahalaxmi. Along with this the taxpayer should keep in mind the provisions while dealing in cash.

Section 186 of the Companies Act, 2013 - Need for a judicial review in certain areas

Ramaswami Kalidas 05 September 2022 at 12:39

As compared to its predecessor clause, the present Act is inflexible for several reasons. For one any loan/investment made into a wholly owned subsidiary will be included for the purpose of determining the thresholds prescribed.

Whether the condition of pre-deposit of 20% tax is a mandate for entertaining stay application per se?

Adv. Ravish Bhatt, ADIT, CIOT 05 September 2022 at 10:11

In terms of modified instruction No. 1914 dated 21.03.1996 issued by CBDT, payment required to be made by the assessee as a precondition for stay of demand disputed before CIT(A) is 20%.

Revenue Leakage Audit of Banks

CA Ramanujan Sharma 05 September 2022 at 08:49

In this article author has tried to throw some light on the procedure to be followed while conducting Revenue Leakage audit in a brief manner.

Notices on Foreign Relief Disallowance (FCRA)

Taxblock 05 September 2022 at 08:49

The FCRA license is a mandatory registration granted to an NGO or any other nonprofit making organization which allows them to receive funding from abroad.

Case Study on Employee State Insurance 1948

FCS Deepak Pratap Singh 03 September 2022 at 17:37

Whether the Directors of respondent-Company, who are receiving remuneration, come within the purview of "employee" under sub-section (9) of Section 2 of the Employees' State Insurance Act, 1948 ('the ESI Act')? .

FAQs - Clause 44 in Form 3CD under Section 44AB of the IT Act 1961

Nitin Bhuta 03 September 2022 at 10:28

The author has made the attempt to present this article in FAQ format by curiously and incisively watching and analysing, threadbare, the insightful discussions pertaining to clause 44 reporting in Form 3CD for the benefits of all the readers of this article.

GST and Sale of developed plots

CA Roopa Nayak 03 September 2022 at 08:54

In this article the paperwriter has examined the latest clarification and implications of development and sale of plots

How To File an Appeal Before Commissioner of Income Tax?

Taxblock 03 September 2022 at 08:54

Any person or an assessee who is aggrieved by an order of an Assessing Officer (AO), can file an appeal against the order before the Commissioner of Income Tax (Appeals) by submitting Form 35 online on the Income tax e-Filing portal within 30 days from the date of service of order or demand.