CAclubindia Articles

TDS on purchase of Goods - 194Q

Shivani Dundlodia 25 August 2021 at 09:26

Under Section 194Q the buyer deducts an amount equal to 0.1% of such sum exceeding Rs 50 lakhs in case the supplier of goods provides the buyer with its valid PAN details.

RoDTEP Scheme & Rates: Is it a fit case for invoking writs?

Vivek Jalan 24 August 2021 at 14:16

RoDTEP is a reform, based on the globally accepted principle that taxes and duties should not be exported, and taxes levied on the exported products should be either exempted or remitted to exporters.

Section 234D - Levy of Interest when Excess Refund is Returned to the Government

Neethi V. Kannanth 24 August 2021 at 12:31

The taxpayer is liable to pay simple interest @0.5% on the amount so refunded for every month or part of a month comprised in the period from the date of grant of refund to the date of regular assessment.

Highlights of the amendments passed in the LLP Act, 2008 through the LLP (Amendment) Act, 2021

Shree 24 August 2021 at 12:31

The Act has converted certain offences into civil defaults. It has also defined small LLP, provides for the appointment of certain adjudicating officers, and establishment of special courts.

Concept of soft and hard market cycles under insurance

FCS Deepak Pratap Singh 24 August 2021 at 09:28

In a soft market, buyers have more bargaining and negotiation power while in a hard market the negotiation power of buyers is less as they are not in a position to quote their terms and conditions.

Restrictions imposed on travel abroad under Section 5(3)(F) of IBC, 2016

FCS Deepak Pratap Singh 24 August 2021 at 09:27

DRT does not have power to impound the passport of an individual and impose restrictions on his travel abroad. Any restriction of travel abroad will be violative of Articles 21 and 14 of the Constitution of India.

Business Continuity Planning (BCP) and its Importance!

vipul1994 24 August 2021 at 09:27

Business continuity planning establishes risk management procedures that aim to prevent interruptions to mission-critical services and re-establish full function to the organization.

Raksha Bandhan: Relation between seller and buyer under GST

CA Umesh Sharma 24 August 2021 at 09:27

A taxpayer should reconcile the purchases with sales shown by the seller i.e. Party wise reconciliation of all purchase transactions with GSTR-2A should be made.

All about CARO 2020

Tanuj Chandra Saxenaa 24 August 2021 at 09:27

CARO 2020 is a new concept for the issue of audit reports in case of statutory audits of companies under the Companies Act, 2013. It is applicable for all statutory audits commencing on or after 1st April 2020.

Some Facts Related To Consequential Loss (Fire) Policy Or Loss Of Profit Policy

FCS Deepak Pratap Singh 24 August 2021 at 09:27

Any interruption in business operations caused by fire or other special perils, resulting in a financial loss of various kinds is called consequential loss.