CAclubindia Articles

Tax Audit in case of a Person Carrying on both Business and Profession

CA.R.S.KALRA 04 September 2021 at 12:41

A person who is a specified professional cannot opt for Section 44AD of the Income Tax Act, but there is no bar for such persons to opt for Section 44ADA on their professional income.

A synopsis of key recent developments under GST

Rahul Pansari 04 September 2021 at 09:34

Discussing GST legislative amendments, CBIC Notifications, Circulars, Judicial Developments - SC, HC & Tribunal rulings, Important Advance Rulings under GST, Key pre-GST rulings and other major updates.

All about Private Limited Company

Baibhav Kumar 04 September 2021 at 09:34

A private limited company is a privately-held business entity. The liability arrangement is that of a limited partnership, wherein the liability of a shareholder extends only up to the number of shares held by them.

RBI to impose Penalty Rs.10,000 soon, for non-replenishment of ATMs with cash

CS Lalit Rajput 04 September 2021 at 09:31

The Reserve Bank of India will start imposing penalties on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards.

How to Deal with the Situation of Giving up

CA RAJENDRA SAH 04 September 2021 at 09:28

The easiest option in everyone's life is to give up & the same was also with me. It took almost 5 years to clear a single level of CA exam out of 3 levels.

GST 45th Council meeting to be held on September 17, 2021 - Agenda

Bimal Jain 03 September 2021 at 16:41

The GST Council in its 45th meeting is expected to review the reductions made in the 44th GST Council meeting and discuss the compensation structure going ahead.

All about Block Input Tax Credit In GST

Ashish Miglani 03 September 2021 at 09:40

Input Tax Credit Mechanism is available to you when you are registered as a taxpayer under the GST Act whether you are a Manufacturer, Supplier, Agent, or E-Commerce Operator etc.

Section 44 AE: Profit from the business of carriage of goods for truck owners

Ritik Chopra 03 September 2021 at 09:39

To provide relief to persons who are engaged in the business of plying, hiring or leasing goods carriages Section 44 AE of the Income Tax Act was introduced.

What to Choose - CA Old Course or New Course?

Neethi V. Kannanth 03 September 2021 at 09:39

Students are given one last opportunity to give exams under the old course in November 2021. So let's discuss the pros and cons of writing exams under the old course.

Reverse Charge Provisions for Builders

CA Reema Sonigra Mehta 03 September 2021 at 09:39

If an unregistered person supplies certain specified taxable goods or services to certain specified recipients who are registered under GST, then such recipients must pay tax on such procurements on a reverse charge basis.