CAclubindia Articles

What will happen if you do not file your GSTR 3B returns

Narayan Agarwala 18 August 2021 at 09:17

Late fees is the first consequence you will face for non-filling of GSTR 3B. The late fees will increase everyday and will be automatically added to next month's GSTR 3B.

Analysis of the Taxation Laws (Amendment) Bill, 2021

CA Ekta Thacker 18 August 2021 at 09:14

The Bill proposes to provide that no tax demand shall be raised in future on the basis of the retrospective amendment for any indirect transfer of Indian assets if the transaction was undertaken before 28.05.2012.

Recent Amendments in SEBI Regulations

CS Tanveer Singh Saluja 17 August 2021 at 14:49

Discussing the 6 major amendments made in SEBI Regulations including SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations, 2021 and SEBI (Depositories and Participants) (Amendment) Regulations, 2021 etc.

Digital Chartered Accountant - Need of the Hour?

Neethi V. Kannanth 17 August 2021 at 08:55

With so many developments in the field of technology, a Digital CA is the need of the hour. This also requires CA Firms to develop the right set of tools to implement Digital Technology and also train their employees.

Availment of ITC on Corporate Social Responsibility (CSR)

jaskamal singh 17 August 2021 at 08:54

CSR shall not be treated as a gift or free supply. ITC on CSR should be availed since the same can be treated as incurred in the course and furtherance of Business.

GST Scrutiny Parameters

CA Umesh Sharma 17 August 2021 at 08:54

An officer may scrutinize the return furnished by registered persons to verify the correctness of the return and inform them of the discrepancies noticed and seek their explanation thereto.

Section 44AA: Maintenance of accounts by certain persons carrying on profession or business

Ritik Chopra 16 August 2021 at 09:13

Maintenance of books of accounts is one of the most important tasks for any business or profession. Discussing the provisions u/s 44AA of the Income Tax Act, 1961 related to maintenance of accounts.

Arbitration under MSMED Act

CS Lalit Rajput 16 August 2021 at 09:13

Where the conciliation fails under the provisions of the Act, MSEFC shall either take up the dispute for arbitration or refer it to any institution providing alternate dispute resolution services.

Top 5 Cash Transactions that can Attract IT Notice

CS Lalit Rajput 16 August 2021 at 09:13

Discussing the top 5 cash transactions that can attract IT notice with regard to savings/current account, credit card bill payment, bank FD, mutual fund/stock market/bond/debenture and real estate.

Section 194N: TDS on Cash Withdrawal from Banks/Post Offices (Updated for FY 2021-22)

CA.R.S.KALRA 15 August 2021 at 16:32

Section 194N is applicable in case of cash withdrawals of more than Rs 1 crore during the FY. This section will apply to all sums of money or an aggregate of sums withdrawn from a particular payer in the FY.