CAclubindia Articles

What are Mutual Funds?

Ritik Chopra 25 September 2021 at 13:14

In case of mutual funds, the mutual fund professional will take decisions on your money that is invested in the mutual fund. A mutual fund company takes money from people who are interested and re-invests.

MSMEs under IBC Regime

CS Lalit Rajput 25 September 2021 at 13:11

MSMEs have a special position in the Indian economy, as key drivers of employment, growth & financial inclusion and forms major part operational creditors along with employees and trade creditors.

How to determine the residential status and what are the different residential statuses

Taxblock 25 September 2021 at 12:52

An individual may be a citizen of India but may end up being a non resident for that particular year. The residential status of different categories of taxpayers is assessed differently.

Difference between EPF, PPF & NPS and tax benefits around IT Employee Provident Fund

Taxblock 25 September 2021 at 12:52

Under this scheme, the employer and employee both contribute 12% of the employee's salary and dearness allowance to the employee's provident fund account every month.

Definition of persons under IT Act 1961

Taxblock 25 September 2021 at 12:52

According to section 2(31) of the Income-tax Act, a 'person' includes - Individuals, Partnership Firms, HUF, Companies, AOP, Local authorities, or any other artificial judicial person.

Methods of Raising Finance for Running a Business

Neethi V. Kannanth 24 September 2021 at 16:16

Financing plays a major role in business. A business can flourish only when the finances are well managed. From Start-up to expansion of business and even to carry day to day business, funds are needed.

What is Grey Market Premium (GMP)?

Ritik Chopra 24 September 2021 at 16:11

GMP stands for grey market premium. It is a term used to estimate the price at which the IPO share would be listed in the market. This grey market operates before the listing and it starts from the IPO start date.

Specific Compliances under GST- Real Estate Sector

CA Monika Motta 24 September 2021 at 09:46

In order to run a business smoothly without having any penal consequences, the taxpayers are required to comply with certain procedural requirements and discharge tax liabilities within the stipulated time.

Taxability on gifts, rewards and rewards given to Sportsperson / Olympic Participants

Taxblock 24 September 2021 at 09:46

In India, a gift is exempted up to Rs. 50,000 and gifts from specific relatives such as parents, spouses and siblings are also exempted from tax. Gifts other than those received from specified relatives are taxable.

ITC on CSR activity: The new battleground?

Abhishek Raja 24 September 2021 at 09:46

The contribution of companies to fight the spread of the coronavirus would be considered CSR spending as per the Companies Act. Let us understand the applicability of GST provisions on the same.