CAclubindia Articles

Procedure/Guidelines for filing/revising TRAN-1/TRAN-2

Posted by Kusum Gandhi 16 September 2022 4586 Views

The article contains the procedure/guideline for filing/revising TRAN-1/TRAN-2 in terms of order of Hon'ble Supreme Court in the case of Union of India vs. Filco Trade Centre Pvt. Ltd. Vide Circular 180/12/2022 Dated 9th September 2022.

Notices u/s 142(1) of Income Tax Act

Posted by Taxblock 16 September 2022 11730 Views

Notices are issued by the income tax department under the various provisions of the Income Tax Act to the assesses with the purpose to assure greater tax compliances. The notices are covered under section 142 of the income tax act.

All About Promissory Note

Posted by Neethi V. Kannanth 15 September 2022 7124 Views

A promissory note is a legal and financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified date in the future.

Revised Form DPT-3 for exempted deposits

Posted by Shashikant Sharma 15 September 2022 8513 Views

The revised part of Form DPT-3 mainly deals with Deposit accepted from Public. One significant change in respect of exempted deposits has also been made in the Form.

Mismatch Of TDS With 26AS

Posted by Taxblock 15 September 2022 12192 Views

Mismatch of TDS refers to the situation when the details of Form 16 and Form 26AS differ from each other.

A big relief by Supreme Court to taxpayers regarding GST Transitional Credit

Posted by CA Umesh Sharma 14 September 2022 7375 Views

CBIC issued Circular No. 180/12/2022-GST on 9th Sept,2022 following the judgement of Hon ble Supreme Court in the case of Union of India vs. Filco Trade Centre Pvt. Ltd. with respect to guidelines for filing/revising TRAN-1/ TRAN-2.

Scrutiny of Taxpayer by Income Tax Department

Posted by Taxblock 14 September 2022 8407 Views

The scrutiny aims at providing an opportunity of being heard to the accuracy of the return through documentary evidence.

Case study on Companies Act

Posted by FCS Deepak Pratap Singh 14 September 2022 4685 Views

Amiysam Ltd. is an unlisted public company, registered under GST, incorporated since 2010, with seven directors on its board, and is engaged in the manufacturing and selling of chemical products through its several units across the country. It also exports its chemical products to certain European & Middle East countries

CA to BA - And someday back to CA!

Posted by Roohani Deshpande 14 September 2022 19039 Views

ll it takes is belief in oneself to achieve the seemingly impossible, and the commitment to keep moving in the direction of one's goals in life; I wish everyone has the courage to think beyond the limitations which society places on our options and keep moving forward, always.

Effects on Goods Transport Agency due to recommendation of 47th council Meeting

Posted by CA. Heet Shah 13 September 2022 12489 Views

The terms GTA has not been defined under GST Act, 2017, GST Rules. It is presently defined under the Notification No. 12/2017- Central Tax (Rate) and Notification No. 9/2017-Integrated Tax (Rate) both dated 28-6-2017.