CAclubindia Articles

Section 35ABB: Expenditure for Obtaining a License to Operate Telecommunication Services

Ritik Chopra 12 August 2021 at 09:19

In case any capital expenditure is incurred for acquiring a license to operate telecommunication services and payment has been made, a deduction of an amount equal to the appropriate fraction shall be allowed.

CBDT inserts two new rules after Rule 21AH and two new forms after Form No.10IF

CS Tanveer Singh Saluja 11 August 2021 at 09:26

CBDT has notified a new set of rules to amend the existing Income-tax Rules, 1962. The aim of this amendment is to insert two new rules after Rule 21AH and two new forms after Form No.10IF.

The painless method to walk 10,000 steps a day

CA Hareesh 11 August 2021 at 09:03

Simply google “the dangers of sitting” and you will find a host of articles backing the fact that prolonged sitting increases the risk of diabetes, cardiovascular diseases, osteoporosis, dementia, and varicose veins.

Short term Debt MF Opportunity in Liquid, Money Market and Ultra Short funds

Govind Thumar 10 August 2021 at 15:48

Money Market and Ultra Short Term funds are Debt Market Mutual Funds that invest in short term high graded debt securities. One should invest in these considering the flexibility of withdrawal.

Analysis: SEBI (Issue And Listing Of Non-Convertible Securities) Regulations, 2021

CS Tanveer Singh Saluja 10 August 2021 at 14:10

SEBI in its BM held on 29th June 2021 merged the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 into a single Regulation.

IEC due date extended upto 31st August 2021

CS Lalit Rajput 10 August 2021 at 08:49

Period of modification of IEC is extended for the year 2021-22 only till 31.08.2021, and no fee shall be charged on modifications carried out in IEC during the period up to 31st August 2021.

Non-filing of GST returns restricting independence of taxpayers

CA Umesh Sharma 10 August 2021 at 08:48

CBIC has decided again to resume the blocking of the EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August 2021 onwards.

Annual Compliance Calendar for a Public Limited Company

CS Divesh Goyal 09 August 2021 at 19:46

After the commencement of the Companies Act, 2013, from 01st April 2014, the Compliance requirement of the Companies have increased like MSME-1, BEN-2, Dematerialization of Shares etc.

Parliament approves LLP Amendment Bill, 2021

CS Lalit Rajput 09 August 2021 at 19:12

The Limited Liability Partnership (Amendment) Bill, 2021 was passed by the Lok Sabha on 9th August 2021 and by the Rajya Sabha on 4th August 2021. Let us understand the key highlights of the Bill.

CA Profession in the Digital Era

CA. Pushp Kumar Sahu 09 August 2021 at 14:44

The ICAI has setup a board named DAAB (Digital Accounting and Assurance Board) to take care and focus on the issues in accounting and assurance arising from the high pace of digitalisation.