Popular Articles

Due Date of First AGM

CS Ayushi shah 14 November 2019 at 10:35

Section 96 of the Companies Act 2013 says that AGM should be held in 9 months from the closing of the Financial Year in case of FIRST AGM. In any other case, it should be held within a period of 6 months from the date of closing of the Financial Year.

Income Tax Slabs & Rates : AY 2020-21 or FY 2019-20

CA Rakesh Sharma 29 October 2019 at 11:03

Income tax slab for ay 2020 21, here you can know all about Income Tax Slabs & Rates AY 2020-21

Inclusion of Transporters Details in TDS Returns are mandatory

Ganeshbabu K 13 May 2013 at 10:47

As per Income tax act 194C, TDS is not required to be deducted on payments made to transporter If PAN number has been provided to the deductor. Further as per Section 197 of Inco

How to Secure good marks in CA Final Financial Reporting

CA Parul Saxena 30 January 2013 at 15:49

HOW TO SECURE GOOD MARKS IN CA FINAL FINANCIAL REPORTING.? Hello Friends..this is my first article on caclubindia. Hope you would like it. I would like to give some guidance on CA final Accounts Paper based on my experience. Friends all of

Taxability of Gifts

CA AJIT YADKIKAR 25 April 2012 at 11:49

Taxability of gifts received by an individual or Hindu Undivided Family Gifts received by an individual or Hindu Undivided Family (HUF) are taxable in certain situations as prescribed by Income tax Act. The gift may be in the form of money or p

How to Deal with order U/S 263 of IT Act

Kkchhaparia 26 April 2013 at 11:35

1. Section 263 deals with the powers of the Commissioner to revise the orders pre-judicial to the interest of the Revenue. During recent times, this power is being utilised frequently, particularly with respect to assessment passed u/s 147 of I.

Reporting of FDI in India through FC-GPR

Ankur Garg 01 October 2014 at 12:31

Dear Professional Colleagues, Some time back I had shared an article titled Indirect Foreign Investment or Downstream Investment in India where we had discussed the meaning and procedure for Indirect Foreign Investment or Downstream Inv

GST on Legal Services Provided by Advocates

CA Arun Chhajer 19 August 2019 at 10:31

Is GST applicable to legal services provided by advocates, senior advocates and advocate firms? Are they covered under Reverse Charge Mechanism (RCM)? Is an advocate required to be registered under GST? When are legal services exempt from GST?

4 Reasons for the depreciation of Indian Rupee

CA Simarpreet Singh Gulati 22 August 2013 at 12:35

The Indian rupee has slid to a historic low against the dollar. Wonder what causes such movements? Read on.... Rupee has touched a historic all-time low by dropping below Rs 60 (against $1). There are several reasons which have led to this r

Old vs. New Tax Audit Report - A Y 2014-15

CA Pardeep Chanana 30 July 2014 at 10:58

Changes made in Tax Audit ReportAssessment Year 2014-15 Sr. No. Particulars Old Report New Report Changes are reflected by Bold Letters 1. FORM NO. 3CA 3. In * my/our opinion an