CAclubindia Articles

Section 206AB: Higher rate of TDS for non filers of ITR - Template of Mail & Declaration

Ramesh Agrawal (LL.B , CA) 09 June 2021 at 09:31

GoI has recently made an amendment in the Finance Act 2021 by inserting a new Section 206AB which prescribes a higher rate of TDS for those Vendors/ Suppliers who have not filed their ITR for the last 2 years.

Who Is Liable for Credit Card Fraud?

Pragya Negi 09 June 2021 at 09:31

Every year there are more than 50,000 reported cases of Credit and Card Frauds in India which causes a laundering of nearly Rs. 220 crores. Let us discuss all about Credit Card Fraud.

New "Taxpayer Friendly" Income Tax E-filing Portal 2.0

CA Umesh Sharma 09 June 2021 at 09:31

The new e-filing portal is aimed to give ease, a modern and smooth interface to taxpayers. It is another initiative for providing ease of compliance to taxpayers and other stakeholders.

Amendments in MCA E-Form Agile Pro

CS Lalit Rajput 08 June 2021 at 11:51

MCA via a notification dated 07th June 2021 has notified the Companies (Incorporation) 4th Amendment Rules 2021 wherein a new form Agile Pro - S has been released.

Retrospective Amendment - Interest on Tax payable under Section 50 on Net Tax liability

CA. Heet Shah 08 June 2021 at 09:27

Section 112 of the Finance Act 2021 shall come into force on 1st June 2021. This section seeks to amend Section 50 of the CGST Act, 2017 which relates to Interest on Delayed Payment of GST.

Blocking and Unblocking of ITC - A Welcome Circular

Lekhraj sood 08 June 2021 at 09:27

A Welcome Circular that amends the conditions of use of amount available in the electronic credit ledger as per Rule 86A of the Central Goods and Services Tax (CGST) Rules, 2017.

GST Compliance Relaxation pursuant to GST Council Recommendations

Rohit Kumar Singh 08 June 2021 at 09:27

Pursuant to the GST Council recommendations in their 43rd meeting, CBIC has issued a series of notifications relaxing the GST compliance requirements. Same has been summarised here.

Types of Death Which are Not Covered under Term Plans

Suhasini 07 June 2021 at 14:55

All term insurance plans cover death benefits, but it depends on how the insured dies. There are a few major types of death that are not covered under term plans.

Applicability Of Code Of Ethics For Practicing Firms

CA Amrita Chattopadhyay 07 June 2021 at 11:47

ICAI has issued a revised Code of Ethics 2019 which is applicable from 1st April 2020. The purpose of the Code is to promote an ethical culture in auditing.

CPA Australia and CPA Program: Grow as a leader

Aruhi 07 June 2021 at 10:24

If you’re an accounting professional looking to fast-track your career, or you want to prove to employers that you have the leadership skills required to steer your team, CPA (Aust.) is the designation you need, believes Navita Goel CPA (Aust.)