CAclubindia Articles

FAQs on Circular regarding Relaxation of time for filing forms under the Companies Act, 2013

Suhasini 06 July 2021 at 09:23

Frequently Asked Questions on Circular regarding Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 issued by MCA on 03.05.2021 - Revised

Elon Musk vs. Indian Elon Musk & Challenges

CA AMIT KUMAR SHARMA 06 July 2021 at 09:22

Why Elon Musk was not born in India? The question isn't why he specifically wasn't born in India. The Question is Why People of India i.e. over 1.8 billion people, could not become Like Elon Musk?

You can submit Form 15G/H even if your Gross Interest Income exceeds your Tax-Exempt Slab

Neeta chhatre 05 July 2021 at 15:45

Many banks interpret the term 'total income' concerning declaration in 15G/H, as any non-professional would and due to lack of proper understanding, reject the order in Form 15G or 15H.

Guidelines for applicability of Section 194Q

Sahil Dhingra 05 July 2021 at 14:11

Section 194Q of the IT Act, which has been effective since 1st July 2021 has created a lot of confusion among taxpayers and professionals. Let us understand the guidelines for the applicability of the section.

Treatment of GST for TDS/TCS on purchase/sale of goods

CA Umesh Sharma 05 July 2021 at 12:20

TDS/TCS is to be deducted/collected u/s 194Q/206C(1H) respectively, if purchase/sales to a single party exceed Rs.50 Lacs. Whether the amount of GST is to be included in the calculation of the above limitation? Let us understand.

Exempted Incomes From House Property

Ritik Chopra 05 July 2021 at 12:02

Under section 10 of the Income-tax Act, 1961 certain incomes from house property are exempted from tax. These incomes are not to be included in the total income of the assessee.

Download CA Final New Course Question Papers for May 2025 Exams

CCI Team 05 July 2021 at 11:32

Access the latest CA Final New Course Question Papers for May 2025 Exams. Download and prepare effectively with our comprehensive collection.

GST Refund - Practical Guide

Gaurav Arya 05 July 2021 at 09:57

Discussing the practical aspects of GST refunds that will help you to get refunds easily and quickly from the department. Kindly keep these points in mind while filing a GST refund.

Can a bank offer different rates of interest, on non-bulk Fixed Deposits?

Shivaprasad Laxman Chhatre 05 July 2021 at 09:16

Discussing whether a bank can prescribe different rates of interest for the same tenure, for the same amount, on the same day, for different FD products, at the same or different branches of the bank.

ITC - Sales promotion vs gifts under GST

CA Roopa Nayak 05 July 2021 at 09:01

In this article, the paper writer has examined the sales promotion expenses incurred, the eligibility to avail credit on these expenses and the restricted credit on gifts.