CAclubindia Articles

Income Taxpayers Will Face the Heat of Reassessment!

CA Umesh Sharma 09 May 2022 at 12:49

The income tax department had issued notices u/s 148 for reassessment proceedings. CBDT's notification No. 20/2021, dated 31-03-2021extended the last for issuance of notice u/s 148 upto 30.06.2021. The Assesses challenged the validity of such notices in High Courts and relief was granted to Assesses to which Special Leave Petition was filed by CBDT.

Explained Gratuity in the Simplest Way!

Amit Kumar 09 May 2022 at 09:42

In this article, we will discuss everything about gratuity, from the definition, gratuity calculation formula, to its eligibility.

Is Registration Under GST Mandatory?

InstaFiling Team 09 May 2022 at 08:28

The Tax Identification Number, now known as the GSTIN is a 15 digit unique code that is assigned to every business that registers itself under the GST. You can apply for a GSTIN by registering for GST which is a cost-free process facilitated by the Government of India.

Overview of NSIC Registration

CA Ramanujan Sharma 07 May 2022 at 09:09

In this article the author has tried to throw some light on the benefits and procedure to be followed while applying single point registration (NSIC Registration) in a brief manner

Who Guides You: Maps your Journey

Kumar Purohit 07 May 2022 at 09:09

Fortunate are those who are blessed with the association of wise people, true genius, unbiased & pure hearted souls.

New Timelines for Validity of Old 148 Re-Assessments Notices as per SC Judgement

Mayank Mohanka 06 May 2022 at 15:16

In this Article, the Author has tried to capture all the nuances and practical implications of the Hon'ble Supreme Court judgement on Validity of Old 148 Re-Assessment Notices, and gives a Clear and Unambiguous Picture & Guidance on the New Valid Timelines for Validity of such impugned Re-assessment Notices, in accordance with the directions given in the SC judgement.

Exemption and Taxability of Leave Encashment

Neethi V. Kannanth 06 May 2022 at 11:48

Every salaried person as per labour law is entitled to a minimum number of paid leave every year. However, it is not necessary that an individual employee utilises all the leave he is entitled for a year. In fact, most employers allow the employees an option of carrying forward such unutilised paid leaves.