CAclubindia Articles

Set-Off and carry forward of losses

Posted by Taxblock 01 May 2022 5203 Views

There can be profit and also losses in every type of business, where losses are difficult to digest. Though Income Tax Act in India provides for the benefits of losses too. The law contains the provisions for set off and carry forward of losses.

Notices, Appeal, Revisions, Search & Seizure Under Income Tax

Posted by Taxblock 01 May 2022 2036 Views

If any person is receiving notice then they need to act on the notice. Recently CBDT which is known as Central Board of Direct Tax has launched the scheme that is termed as Centralized Communication Scheme, the scheme says that all the communication shall be made in electronic mode.

Minimum Alternate Tax

Posted by Taxblock 01 May 2022 3713 Views

Minimum Alternate Tax or MAT is a provision that is in direct tax laws which is for companies, it is the provision for limit the tax exemptions which is availed by the companies.

Whether Registration Of Copyright Is Not Necessary To Sue For Infringement

Posted by FCS Deepak Pratap Singh 01 May 2022 1482 Views

For bringing suit for infringement of copyrights it is not necessary that subject matter should be registered with Registrar of Copyrights. But in case of infringement of a trade mark, the registration of trade mark is necessary for bringing any suit for infringement.

LIC IPO - Reservation and Special Discount for Policyholders

Posted by Neethi V. Kannanth 30 April 2022 6026 Views

India's largest IPO,"LIC" is all set to open next week i.e. from May 4 and will close on May 9. It is planning to raise Rs. 21,000 crore through the IPO. And also, there is a special discount on the offer price exclusively for the policyholders! Read on to know more about it.

Don't forget to Update UDIN on e-Filing Portal by 30th April 2022

Posted by CA Sachin M Jain 30 April 2022 8343 Views

As per records, Income Tax Department has noticed that some Forms are pending for UDIN update on the e-Filing Portal. Kindly update UDIN against pending forms on or before 30th April 2022.

Effect of COVID-19 pandemic on insurance industry

Posted by FCS Deepak Pratap Singh 30 April 2022 2434 Views

The COVID-19 pandemic effected Indian Insurance Industry positively. The Pandemic has created awareness among common Indians and they realise the importance of insurance at least health insurance in their lives.

Revision for Accounting Standards - CA Intermediate (Part 4)

Posted by Poojitha Raam Vinay

29 April 2022 5218 Views

Revision for AS - CA Intermediate (Part 4)

Some decisions of various courts, tribunals related to various sections of IT Act 1961

Posted by FCS Deepak Pratap Singh 29 April 2022 5749 Views

Decisions of various courts, tribunal related to various sections of IT Act 1961

Withdrawal from Pension Scheme

Posted by Neethi V. Kannanth 29 April 2022 4401 Views

An employee has a pension fund when employed with an organisation. If there is a change of employment from one organisation to another organisation, the employee can carry forward the same account for pension.