CAclubindia Articles

GST on Old and Used Vehicles: Does Selling a Used Vehicle Attract GST for all individuals?

Mitali 27 December 2024 at 17:36

Is it true that the sale of an old or used car would attract more GST or if sold at a loss it will attract more GST on it?

Madurai Bench of Madras HC: Limitation for Appeals Starts from Rectification Order

Rajan Naidu 27 December 2024 at 08:55

The Hon'ble Madurai Bench of Madras High Court clarifies that limitation period for appeals begins from rectification order, not original assessment order

Navigating the New Budget: Capital Gains Tax Changes for NRIs and Residents

CA Arun Tiwari 27 December 2024 at 08:54

This article breaks down the key changes, explains their impacts, and provides practical tips to help you adapt.

Will D Gukesh's Rs 11.45 Crore Chess Prize Escape Taxation u/s 10(17A)?

Sahil Jaiswal 26 December 2024 at 11:22

D. Gukesh’s ₹11.45 crore chess prize falls under the scrutiny of Indian tax laws, particularly concerning Section 10(17A) of the Income Tax Act. Here's a deeper breakdown of the context

Who Moved my Popcorn?

CA Niraj Navindgikar 26 December 2024 at 09:50

In the recently concluded 55th GST Council Meeting held on 21/12/2024, the Council gave a Clarification regarding the GST rates applicable on various types of popcorn, a light edible item mostly consumed in movie theatres, restaurants, etc.

Understanding Challan 280 for Income Tax Payment

Ishita Ramani 26 December 2024 at 08:41

This article provides a detailed knowledge of Challan 280 and how it performs a vast position in income tax payment.

Red Flags in Auditing: Lessons from NFRA's Investigations

CA Gyati Gupta 26 December 2024 at 08:39

Auditing serves as the cornerstone of financial integrity, ensuring that stakeholders can rely on financial statements for decision-making.

Christmas Gift to Taxpayers from Bombay High Court

CA Umesh Sharma 25 December 2024 at 08:52

Bombay High Court has recently issued an important direction about the Section 87A rebate

Comprehensive Guide to Vivad Se Vishwas Scheme 2024: Insights from Circular No. 12/2024

CA Varun Gupta 25 December 2024 at 08:52

Overview of the Vivad Se Vishwas Scheme 2024 (VSVS 2024) in accordance with Circular No. 12 of 2024, Dated October 15, 2024

Understanding Slump Sales and New CBDT Valuation Rules

ValuGenius Advisors LLP 25 December 2024 at 08:52

When transferring a business or a significant part of it, known as a "slump sale," it's essential to understand the implications of the newly prescribed valuation rules by the Central Board of Direct Taxes (CBDT).