CAclubindia Articles

Important Notifications issued in GST effective from 1st April 2023

Posted by CA Harshit Goyal 01 April 2023 28531 Views

The Government of India has recently issued notifications related to the Central Tax system in India, effective from April 1, 2023. These updates cover a range of topics, from late fees for certain returns to changes in registration and assessment procedures. In this article, we'll summarize these updates and what they mean for taxpayers in India.

New Income Tax Rules w.e.f 1st April 2023

Posted by Harsh Kaushik 01 April 2023 17321 Views

The Government has made some new rules which are applicable from 1st April 2023 i.e from the new financial year

Section 194IA: Understanding TDS on Immovable Property

Posted by CA Sanat Pyne 01 April 2023 7763 Views

Section 194IA of the Income Tax Act governs the TDS deduction on the transfer of immovable property. In this article, the author will discuss the provisions and implications of this section in detail.

Benefits and Drawbacks of Dematerialization of Shares

Posted by Shweta 01 April 2023 9614 Views

The process of dematerialization of shares, also known as Demat, refers to the conversion of physical share certificates into electronic form. This process has...

Shops and Commercial Establishment Acts for States of Karnataka and Delhi

Posted by Harsh Jain 31 March 2023 2212 Views

Compliances, Registration, Registers and Returns under Shops and Commercial Establishment Acts for State of Karnataka and Union Territory of Delhi

Is UPI still free or not?

Posted by CA Rakesh Ishi 31 March 2023 5643 Views

UPI, which stands for Unified Payments Interface, is a digital payment system that allows individuals to transfer money instantly from one bank account to another in India. UPI has become increasingly popular due to its many benefits, including being free, fast, secure, and seamless.

Statutory Tax Compliance Tracker: April 2023

Posted by CS Lalit Rajput 31 March 2023 8401 Views

Tax Compliance Tracker for the month of April 2023

Section 69: Power of Arrest

Posted by Harsh Kaushik 31 March 2023 5649 Views

What does Section 69 Say?Where the commissioner has reason to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c...

Blocked Credit under GST

Posted by CA Sanat Pyne 31 March 2023 52641 Views

Blocked credit refers to the input tax credit that cannot be claimed by a taxpayer under the GST regime. Input tax credit is the tax paid on inputs, i.e., goods and services that are used in the course of business, which can be set off against the output tax liability of the taxpayer.

All about Income Tax Audit

Posted by Ashok Pitroda 31 March 2023 12782 Views

There are many types of audits conducted under various laws. Similarly, an audit conducted under the Income Tax Act, 1961 is called a ‘Tax Audit’. In the Income Tax Act, 1961, section 44AB mandates provisions for a tax audit, which are explained as follows. In the following circumstance, a tax audit will be mandatory.