CAclubindia Articles

Section 194Q - Tax Deduction on the Purchase of Goods

CA.R.S.KALRA 08 November 2021 at 15:42

Deduction of tax at source on payment of certain sum for purchase of goods

CBDT notifies e-settlement scheme, 2021 - Overview

CS Lalit Rajput 08 November 2021 at 09:48

CBDT vide Notification No. 129/2021/ F.No. 370142/52/2021-TPL (Part IV) dated 01.11.2021, in exercise of its power under section 245D (11) & 245D (12) of the Income-tax Act, 1961 has issued a Scheme may be called the e-Settlement Scheme, 2021 to settle pending income-tax settlement applications transferred to a settlement commission.

Important Updates and Due Date Compliances under GST for November 2021

Tarun Kr. Gupta 08 November 2021 at 09:46

Important clarifications/ amendments issued by the Government on GST in October 2021 along with compliance timelines in November 2021

Annual Information Statement (AIS)

utkarsh Varshney 08 November 2021 at 09:44

The Income Tax Department has rolled out the new Annual Information Statement (AIS) on its compliance portal (incometax.gov.in). The purpose of the new AIS is to make it easier for taxpayers to file their returns.

Hedge Accounting

Jerold Ferreira 08 November 2021 at 09:44

A hedge is an investment that is made with the intention of reducing the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting or opposite positions in a related security.

Use of excessive UPI may invite notice from Income Tax & GST Department

FCS Deepak Pratap Singh 08 November 2021 at 09:43

USE OF EXCESSIVE UPI -MAY INVITE NOTICE FROM INCOME TAX/GST DEPARTMENT Dear Friends,We are living in a modern world, where we are using various types of gadget..

Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold to another person

FCS Deepak Pratap Singh 08 November 2021 at 09:43

Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold to another person unless the sale is complete and ownership of the vehicle is transferred to buyer

3 Upcoming IPOs to Look Forward To

Poojitha Raam Vinay 07 November 2021 at 10:10

In 2021, 46 Companies floated IPOs which raised INR 80,102 crore and expected to raise INR 1 lakh crore by the year end.

The Truth about Investment Banking

Sazal Sharma 07 November 2021 at 10:09

Many professionals believe that investment banking will play an important role in almost every world-changing industry in the near future, as at the end of the day companies will always require large investors and investors will always be will in search of new companies to invest in, so it's safe to say that investment banking will be around for a long time.

Top Skills that CAs must Develop to be Relevant in the Coming Years

Suhani Ahuja 07 November 2021 at 10:09

Some of the most vital skills one should attempt to learn and develop throughout their career if they want to excel in accounting and improve their job satisfaction has been described in this article.