CAclubindia Articles

Mandatory furnishing of correct details in Form GSTR-1, GSTR-3B & GSTR-9

CA Umesh Sharma 29 July 2022 at 09:00

Circular No. 170/02/2022-GST on 6th July 2022 was passed for furnishing correct and proper information about inter state supplies and supplies and amount of ineligible/ blocked Input Tax Credit and reversal thereof in GSTR-1 &3B. Circular No.14/2022-GST on 5th July 2022 stated about GSTR-9 & 9C

Relief for Commission Agents of Agriculture produce Turmeric

CA Umesh Sharma 29 July 2022 at 09:00

Maharashtra appellate Authority for advance ruling for goods and service tax has issued order No. MAH/AAAR/AM-RM/07/2022-23 regarding the taxability of services provided by commission agent in relation to supply of turmeric to traders in APMC.

Cases of Compulsory Scrutiny of Income Tax!

CA Umesh Sharma 28 July 2022 at 17:44

CBDT has provided Guidelines for compulsory selection of returns for Complete Scrutiny for FY 2022-23. Also, procedure for compulsory selection has also been provided in the guidelines provided by CBDT.

Cryptocurrencies and Taxation thereof under Indian Income Tax Act, 1961

Adv. Ravish Bhatt, ADIT, CIOT 28 July 2022 at 12:34

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

All about MSME Loan

Neethi V. Kannanth 28 July 2022 at 10:04

The eligibility criteria for availing the loan is set by the lender and therefore, varies from bank to bank. Not just that, there are different eligibility criteria for the different schemes.

Practical point of views on Sec 44AD deemed profit vs Actual Profit

Akhil Pachori 28 July 2022 at 08:56

Practical Point of View in cases where Income is higher than 8%, but the person is declaring deemed profit as income u/s 44AD

5 Consequences Of Not Filing Your Income Tax Return

Shruti 28 July 2022 at 08:56

You may be thinking to yourself, "Why should I be concerned about filing my taxes? After all, I don't owe anyone anything. " Well, let me tell you, there are many consequences of not filing an income tax return that can have a huge impact on your life. Here are 5 of them!

Important Features of SPICe+ for Greater Business Ease

CS CHARU VINAYAK 27 July 2022 at 08:46

A new Web Form called "SPICe+" (pronounced "SPICe Plus") has been implemented by the Ministry of Corporate Affairs to replace the previous SPICe form as part of the Government of India's Ease of Doing Business (EODB) programmes.

Ratification in context of Companies Act, 2013

Affluence Advisory 26 July 2022 at 16:35

The expression "ratification" was precisely defined by the English Court in one old case, Hartman v. Hornsby as under "Ratification" is the approval by act, word, or conduct, of that which was attempted (of accomplishment), but which was improperly or without proper authority performed in the first instance."

Understanding What is HRA: Details & Calculation Process

Niyati 26 July 2022 at 14:32

HRA is essentially a part of your salary and is tax exempted under section 10 (13A). In other words, HRA is an allowance given by your employer to pay for your accommodation. You are entitled to claim this allowance even if your employer doesn't pay an HRA or if you're self-employed.