CAclubindia Articles

Failure is Medicine

Sagar Bhaskar 28 June 2022 at 08:55

Just remember that great things take time, so we have to wait for the right time, prepare ourselves much more accordingly, and have faith, patience, and perseverance. time will come promptly.

All about GSTR 3B

Neethi V. Kannanth 28 June 2022 at 08:55

GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed, and net tax payable in GSTR-3B.

New TDS Rules to affect Social Media Influencers and Doctors

Poojitha Raam Vinay 27 June 2022 at 14:08

The new TDS section 194R introduced in the Budget, 2022 shall be applicable from 1st July, 2022, requiring a deduction of 10% by any person (resident or non-resident) who provides benefit or perquisite to a resident person in a year exceeding Rs 20,000 shall be liable for TDS under section 194R.

All About GSTR-1

Neethi V. Kannanth 27 June 2022 at 08:51

GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given in further sections. It contains details of all outward supplies i.e sales.

Roadmap / Blueprint of External Commercial Borrowings- ECBs

Affluence Advisory 25 June 2022 at 15:08

Globalization has paved way for international financing which helps the organization to engage in cross-border transactions with foreign business partners, such as customers, investors, suppliers, and lenders. Indian companies have an option to mobilize funds through ECB mode from the foreign market to have optimum capital structure.

Section 194R: Tax Deducted at Source on benefits or Perquisites

Shailesh Prajapati 25 June 2022 at 13:21

The new section mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source @10% of the value or aggregate of value of such benefit or perquisite, before providing such benefit or perquisite.

Income Tax: CBDT issued fresh guidelines under section 194S(6)

CS Lalit Rajput 25 June 2022 at 08:53

Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes(TPL Division) File No. F. No. 370142/29/2022-TPL (Part-I) vide Income Tax Circular No. 13 of 2022 dated 22nd June, 2022 has released "Circular regarding Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961".