CAclubindia Articles

Problems and Answers - Section 115QA & 115F of the Income Tax Act 1961

FCS Deepak Pratap Singh 04 October 2021 at 09:38

Section 115QA provides that a domestic company distributing its income through buy back of shares will have to pay income tax/distribution tax @20% (surcharge @12% and education chess @4%).

Similar Does Not Mean Same

Prof. Bajaj 04 October 2021 at 09:38

Just because it looks similar or sounds similar, does not mean it's the same. One has to go deeper before investing their hard earned money. If you are not an expert in it, get professional guidance.

What is an SEZ, tax & trade implications on companies located in SEZ?

Taxblock 04 October 2021 at 09:38

A Special Economic Zone (SEZ) is a zone wherein businesses enjoy simpler tax and easier legal difficulties. It is located in a country’s national borders only, but they are treated as foreign territory for tax purpose.

Changes in GST Rates on Services w.e.f October 01, 2021

Bimal Jain 02 October 2021 at 18:35

CBIC has further amended Notification No. 11/2017-Central Tax (Rate) dated June 28, 2017 ("Services rate notification"), in order to adhere to the recommendations of the 45th GST Council Meeting.

Changes in GST Rates on Goods w.e.f October 01, 2021

Bimal Jain 02 October 2021 at 18:35

CBIC has further amended Notification No. 01/2017-Central Tax (Rate) dated June 28, 2017, as amended from time to time, in order to adhere to the recommendations of the 45th GST Council Meeting.

Post incorporation compliances under Companies Act, 2013

CSPAYAL SOMANI 02 October 2021 at 18:33

Compliances of Newly incorporated Private Limited includes First Meeting, Opening of Bank Account, Registered Official Address, Preparation of Letterheads, Seal etc. and Auditor Appointment etc.

Smart Strategy to crack competitive Exam

Vishal Gupta 02 October 2021 at 18:32

Sharing some learnings with all the students who are preparing for any competitive exams, be it CA/CS/CWA/CSE. There is a certain style of working, which you must implement in the paper.

Gandhi Jayanti | Teachings by Gandhi Ji that all Students must Imbibe

Muskan Mudgil 02 October 2021 at 18:32

These lessons by Gandhi Ji are your sign on this Gandhi Jayanti to reflect and learn to lead a better and more meaningful life as a student. Happy Gandhi Jayanti to one and all!

Income Tax Questions & Answers Series Part II: Section 50C

FCS Deepak Pratap Singh 02 October 2021 at 18:32

Section 50C was introduced vide Finance Act. 2002 w.e.f. 01.04.2003, and prescribes similar provisions in the case of transfer of land or building or both, held in the nature of ‘Capital Assets’.

SEBI Reviews provisions pertaining to Related Party Transactions - Makes it Stricter !

K.V.Lakshmi 02 October 2021 at 18:32

SEBI, at its Board Meeting held on 28th September 2021 reviewed the regulatory provisions pertaining to RPTs and approved the amendments to SEBI LODR Regulations, 2015.