CAclubindia Articles

Case Study 3: Foreign Exchange Management Act 1999

FCS Deepak Pratap Singh 11 July 2022 at 08:43

One couple purchased house property jointly. After the death of the lady ownership of her part transferred to two children. They sold house property. Long Term Capital Gain arises. But one child who is a resident of US wants to transfer his part in the US. Is it possible?

Sacred wisdom for CA/CS/CMA students - Key success factors

CS Advocate Abhishek Goyal 11 July 2022 at 08:43

List down all your achievements so far, and be proud of them, reward yourself at least with a pat on the back. Your achievements may not be big but they are not smaller either.

TDS And TCS under Income Tax

Taxblock 11 July 2022 at 08:43

TDS and TCS are the government's most important sources of revenue. It's also critical for businesses to pay their taxes on time to avoid penalties and remain compliant.

How to report ITC in Form GSTR 3B as per latest circular

Ajay Kumar Maggidi 11 July 2022 at 08:43

In order to bring uniformity in reporting of ineligible and reversal of credits, CBIC has issued a circular (No. 170/02/2022- GST) regarding furnishing of information regarding ITC availed, reversal and ineligible ITC in Table 4 of GSTR-3B.

Section 194R TDS

Shreyansh Ranka 09 July 2022 at 09:02

Responsibility to deduct TDS under this section is not casted on the Individual/HUF in case the total sales during the immediate preceding financial year do not exceed 1 Crore rupees in case of business and 50 Lakh rupees in case of the profession.

Format of GSTR 3B - Table 4

Yash Bhadiyadra 09 July 2022 at 09:02

Circular 170/08/2022 - GST - Tabular Format - In a simple manner and easy to understand

GST in RCM in case of ocean freights

CA Pradeep Sharma 09 July 2022 at 09:02

The idea of introducing 'composite supply' was to ensure that various elements of a transaction are not dissected and the levy is imposed on the bundle of supplies altogether.

Reporting of ITC in GSTR 3B and other details in GSTR 1 and GSTR 3B

Rohit Kumar Singh 08 July 2022 at 14:08

The GST Council in their 47th meeting at Chandigarh proposed changes in Form GSTR 3B as well as suggested new disclosure requirements for GSTR 1 and GSTR 3B. We have summarised the Circular No 170/02/2022-GST dated 6th July 2022 as well as presented the changed Form GSTR 3B for better understanding and clarity.

A simple guide to knowing your hourly billing rate

CA Saurabh Dwivedi 08 July 2022 at 14:08

What should be your hourly billing rate as a Freelancer or an Independent Professional?

Case Study 2 - Prevention of Money Laundering Act 2002

FCS Deepak Pratap Singh 08 July 2022 at 08:58

XYZ Limited is a company engaged in real estate and construction business. In order to build a land bank in various parts of India that were likely to see commercial development and anticipating a future upward trend in land prices in various parts India.