CAclubindia Articles

All About Annual Information System (AIS)

Neethi V. Kannanth 21 December 2021 at 08:49

Income tax department collects information about income received and material transactions carried out by an individual during the financial year through various sources and compiles the information collected in a summary form and presents it in a form of a statement called Annual Information System.

Blocked Credit in GST with examples

Jatin Pal 21 December 2021 at 08:37

In GST, the government stated a taxpayer can avail ITC of all those inputs of goods and services which are used for supply of goods and/or services is allowed under GST.

GST: ECO liability on food & beverages

CA Akshay Hiregange 20 December 2021 at 12:48

In the article, we look at the present state of affairs and provide the way forward for the trade/ restaurants/ hotel/ online supplies and possible suggestions to obtain clarity.

Procedure for issue of ESOP

CS Lalit Rajput 20 December 2021 at 12:05

An employee stock ownership plan (ESOP) refers to an employee benefit plan which is intended to encourage employees to acquire stocks or ownership in the company.

8 Advantages of Hiring a Professional Accounting Agency for Your Startup Business

Preeti Agarwal 20 December 2021 at 08:38

Starting a business is simple, but keeping it running is difficult. That is the harsh reality of every firm, particularly a modest solo proprietorship. What is the explanation for this? Because no single individual can fulfill all of their responsibilities.

Some facts related to a cover note or interim receipt under insurance

FCS Deepak Pratap Singh 20 December 2021 at 08:37

The object of "Cover Note or Interim receipt" is to afford interim protection to the assured pending he decision of the insurance company to finally accept or reject the proposal for insurance.

Knowledge ensures sustainable power

Abhishek Kumar 18 December 2021 at 17:18

Knowledge is one of the most powerful tools for everyone. It opens up the possibility of greater participation and democratic change in their thinking.

Gift received from HUF is a capital receipt in the hand of member

FCS Deepak Pratap Singh 18 December 2021 at 06:46

On appeal the Tribunal held that the property of the 'HUF' neither can be said to belong to a third person nor can be said to be in 'corporate entity', rather, the same is the property of the members of the family.

Whether assessing officer has power to reject valuation report submitted by assessee and change method of valuation?

FCS Deepak Pratap Singh 18 December 2021 at 06:46

The Tribunal further held that primary onus to prove the correctness of the valuation report is on the assessee as he has special knowledge and he is privy to the facts of the company and only he has opted for this method

Are you a first time investor?

CMA Mrudula M 17 December 2021 at 16:20

If you are planning to take your first steps towards investing to secure your future, congratulations! Deciding to get started is half the battle won. Once you resolve to embark upon this journey, all you have to do is follow a few simple steps to get to your destination of financial well-being.