CAclubindia Articles

Is UPI still free or not?

Posted by CA Rakesh Ishi 31 March 2023 5646 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 8405 Views

Tax Compliance Tracker for the month of April 2023

Section 69: Power of Arrest

Posted by Harsh Kaushik 31 March 2023 5652 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...

All about Income Tax Audit

Posted by Ashok Pitroda 31 March 2023 12786 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.

No TDS u/s 194J on Payments for Software Purchase

Posted by CA AMIT KUMAR SHARMA 30 March 2023 238397 Views

As Per notification no. 21/2012 dated 13.06.2012 no deduction of tax shall be made on certain payments by a person for the acquisition of software from another person.

Important Principles enunciated in Standards on Auditing

Posted by CA Rakesh Ishi 30 March 2023 4102 Views

Auditing standards play a significant role in the auditing profession. Among the important auditing standards, SA 700, SA 705, and SA 530 provide guidance for the auditor's opinion.

Impact Of Finance Act 2023 On Charitable Trust

Posted by Geetanjali Pandey 30 March 2023 22479 Views

Impact Of Finance Act 2023 On Charitable Trust and Institution Referred to In Section 12AA Or 12AB Or Clause (23C) Of Section 10 of The Act, 1961

Section 70: Power of Summon

Posted by Harsh Kaushik 30 March 2023 15360 Views

Section 70 of the CGST ACT 2017 empowers the Proper Officer(PO) to summon any person whose attendance he considers necessary either to give evidence or to produce a document or any other thing as required in an inquiry.

Interest under GST

Posted by CA Amit Harkhani 30 March 2023 6761 Views

The Government of India has specified the due dates to pay Goods and Services Tax. The due date to pay GST is different for different types of taxpayers. If one fails to pay GST within the due date, one must pay the interest along with the GST dues for the delay period.

Partnership firms to Private Limited Company

Posted by ACS Shahbaz Khan 30 March 2023 2511 Views

Partnership firms are a popular form of business in India, especially among small and medium-sized enterprises. However, as the business grows, partners may feel the need to convert the partnership firm into a private limited company.