CAclubindia Articles

Challan cum returns under TDS provisions

CAJayprakash Pandey 09 May 2021 at 10:17

Discussing the three types of challan cum returns under TDS on Payment of transfer of Immovable Property, TDS on Rent on Property and TDS on Payment to Resident Contractors and Professionals.

Section 94: Bond Washing Transactions

Ritik Chopra 08 May 2021 at 09:38

A bond washing transaction can be defined as a transaction where some securities are sold sometime before the due date of Interest and reacquired after the due date is over. In order to discourage such transactions Section 94 was introduced.

Residential Status of an individual with changes of Finance Bill, 2020 as per IT Act 1961

Vidushi Agrawal 08 May 2021 at 09:38

As per the Income Tax Act, a foreign citizen may end up being an Indian Resident & liable to pay tax for a particular year. So, it is important to know one's residential status.

GST on Inter Corporate Guarantees

CA Subba Reddy Bonam 07 May 2021 at 11:06

A corporate guarantee is a contract between a corporate entity or individual and a debtor. The supply of corporate guarantee is a supply of service, accordingly liable to GST.

What are Bridge Jobs?

Prachi Bansal 07 May 2021 at 09:37

The change of career or a break in the career in the middle of a full-time job is known as a Bridge Job. In this article, we have discussed some benefits of doing Bridge Jobs in the course of one's career.

Sec 35AD: Deduction in respect of capital expenditure incurred on setting up of a specified business

Ritik Chopra 07 May 2021 at 09:37

Deduction u/s 35AD is available towards any capital expenditure, wholly and exclusively, incurred for carrying on a specified business. This deduction has been applicable since AY 2010-11.

Interest on Reversal of Unutilized ITC

CA PIYUSH KAPOOR 07 May 2021 at 09:37

There is no specific mention of Interest on Unutilized Credit reversal. Rules marked regarding the charging of Interest u/s 50 (1) cannot override the section in which there is no Interest mention on reversal of unutilised ITC.

What is the Scope of Company Secretary in the Government Sector?

Tushar Pahade 07 May 2021 at 09:37

Being a Principal legal Advisor to the Board of Directors, CS provides the best guidance on corporate governance and is responsible for complying with all regulations.

A Brief Explanation Of Relaxations Announced By MCA

Gunjan Sachdev 06 May 2021 at 19:13

The Ministry of Corporate Affairs has announced various relaxations for the sake of the stakeholders in this crisis of Covid-19. Same has been discussed in this article.

Section 40A(2)(b) of Income Tax Act, 1961

Sahil Dhingra 06 May 2021 at 19:11

Section 40A(2) of the Income Tax Act lays down provisions for the disallowance of certain payments to relatives. Let us discuss persons covered u/s 40A(2)(b).