CAclubindia Articles

Amount Received Under A Settlement Or Decree May Not Be Taxable Under IT Act 1961

Posted by Adv. Ravish Bhatt, ADIT, CIOT 22 August 2022 40051 Views

In practice, nature of receipt shall be determined by extensive scrutiny of pleadings in suit and / or recitals contained in the settlement agreement and careful drafting will be quintessential.

Clause 44 Guidance: AY 2022-23 Clarifications

Posted by CA Sudhir Halakhandi 22 August 2022 19272 Views

Understand the latest guidance note for Clause 44 for AY 2022-23. Get clear explanations on expenditure reporting and GST implications.

GST Arrest & Bail: CBIC Issues New Guidelines

Posted by CA Umesh Sharma 22 August 2022 3923 Views

Discover the latest CBIC guidelines on GST arrest and bail, including when arrests can be made and the procedure. Learn how this impacts taxpayers.

ITR Verification: How to E-Verify Your Income Tax Return

Posted by Poojitha Raam Vinay 05 March 2024 13926 Views

Learn how to e-verify your Income Tax Return (ITR) within 30 days using Aadhaar OTP, Net Banking, Demat, ATM, or DSC. Avoid delays!

Companies Accounts Rules 2014: Rule 3 Amendments Explained

Posted by FCS Deepak Pratap Singh 22 August 2022 23736 Views

Understand the recent amendments to Rule 3 of the Companies (Accounts) Rules 2014 regarding electronic record-keeping, audit trails, and data storage in India.

ITC under GST: Eligibility, Conditions & Examples

Posted by Shruti 22 August 2022 6213 Views

Understand ITC eligibility and conditions under GST. Learn what you need to claim Input Tax Credit with clear examples and requirements.

Credit of IGST Paid on Import of Goods not reflected in GSTR-2B

Posted by CA Sachin M Jain 31 May 2023 128308 Views

Importers can claim IGST and cess paid on their imports only after issuing the bill of entry (BoE). Hence, taxpayers must access the bill of entry on the portal to avail input tax credit seamlessly. The GST Network (GSTN) provides a framework to taxpayers for finding the relevant bill of entry.