CAclubindia Articles

Section 36: Other Deductions Under The Income Tax Act

Ritik Chopra 02 August 2021 at 18:53

While computing the income of a business or profession, other expenses in the nature of Insurance Premium, Health Insurance Premium, Bonus, Interest on Borrowed Capital and 9 others are admissible for deduction.

Analysis: The Delhi Goods And Services Tax (Amendment) Bill, 2021

CS Tanveer Singh Saluja 02 August 2021 at 18:51

The Delhi Assembly on 30th July 2021, passed the Delhi Goods and Services Tax (Amendment) Bill, 2021, which is aimed at smoothening the taxpaying process, strengthening accountability and minimizing room for tax evasions.

Get Up and Come Back Stronger

CA Anurag Sharma 02 August 2021 at 08:36

You are the master of your life. Life is not about the bad situation you are in. It's about how you manage that bad situation. Come back stronger after every setback and achieve what you always dreamt of.

Extract of Annual Return in Form MGT-9 for FY 2020-21 & Onwards

Brajesh Kumar 31 July 2021 at 15:57

Form MGT-9 is an extract of the annual return which contains details of the Company for one Financial Year and is annexed to the Board's Report of the Company.

SEBI Updates: Bankers to an Issue, Infrastructure Investment Trusts & Real Estate Investment Trusts

CS Tanveer Singh Saluja 31 July 2021 at 14:22

Discussing SEBI (Bankers to an Issue) (Amendment) Regulations, 2021 ; SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2021 ; and SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2021.

Securities Contracts (Regulation) (Second Amendment) Rules, 2021

CS Tanveer Singh Saluja 31 July 2021 at 12:49

The MoF has notified a new set of rules to add sub-rule (6) in rule 19A of the Securities Contracts (Regulation) Rules, 1957 to provide an exemption to listed PSUs.

Atmanirbhar Bharat In Aviation Sector

CS Lalit Rajput 31 July 2021 at 10:09

The government has taken a number of initiatives to make India a hub for aircraft leasing and financing through various means. Discussing the same in this article.

Cabinet approves amendments to LLP Act

CS Lalit Rajput 31 July 2021 at 10:08

The Cabinet on 28th July 2021 approved amendments to the LLP Act for decriminalizing offences under the law as the government looks to improve ease of doing business and encourage start-ups.

Is India introducing its own Digital Currency?

Neethi V. Kannanth 31 July 2021 at 09:43

CBDC will be held in a Digital Wallet and shall be monitored by RBI. What makes it different from the Cryptocurrencies like Bitcoin, Ethereum etc. is that it is regulated and will be considered as a money or currency.

Understanding (Adjusted Gross Revenue) Woes

CA Ranganatha Achar K 31 July 2021 at 09:43

Understanding the Adjusted Gross Revenue woes is very much relevant in the Telecom sector because the Government policies on Telecom will have a direct impact on the future of the Telecom industry.