CAclubindia Articles

Section 35D: Amortisation of Certain Preliminary Expenses

Ritik Chopra 04 May 2021 at 09:48

As per section 35D of the Income Tax Act, 1961, preliminary expenses incurred prior to the commencement of business, extending an existing business, setting up a new unit etc. are eligible to be amortized.

When You Go For Seeking Adjournment & End Up in Winning Your Case!!!

Mayank Mohanka 04 May 2021 at 09:48

The author has shared one of his cases that lead to an amendment in the Income-tax Act, allowing Power Sector Companies to compute their Book Profits for the purpose of MAT either on the basis of the Electricity Regulatory Act or the Companies Act.

MCA relaxations amid resurgence of COVID-19 Pandemic

Lakhan Gupta 04 May 2021 at 09:48

Discussing relaxations provides by MCA on levy of additional fees in filing certain forms under the Companies Act, 2013 and time gap between two consecutive board meetings.

Rationalisation of MAT Provision

Suyash Tripathi 04 May 2021 at 09:48

The Finance Bill, 2021 has proposed to amend section 115JB to provide that dividend income and expenses claimed in respect thereof be reduced or added back from the net profit if such income is taxed at lower than MAT rate due to DTAA.

COVID-19 Relief Fund by CAclubindia

CCI Team 03 May 2021 at 18:02

In these ever so challenging times, we appeal everyone to come forward and contribute towards the well being of our nation and our people, who really need your support during this crisis.

Postponement of CA exams: How to convert the uncertainty into an opportunity!

CA HANSINI Y. BUCH 03 May 2021 at 15:18

Postponement of exams is very disturbing for any student, especially when one is preparing for professional exams for the last 12 months. In this article, we share tips to get the best result of your preparation.

Covid-19 Relief Measures for Taxpayers under GST law

CA Harshal Jain 03 May 2021 at 09:57

The author in this article has summarised the Covid -19 relief measures under GST for the taxpayers

Say this to yourself everyday

CA Rakesh Ishi 03 May 2021 at 09:57

Given in this article, are some statements that you must tell yourself everyday, in order to stay motivated and dedicated towards your goals.

Income Tax Implications on Loans to Employees

Ajay Kumar Maggidi 03 May 2021 at 09:57

Many organizations across the globe are offering loans to employees to support them in these difficult times. Here are the income tax implications for employees for the loans or advances offered by the employer.

GST Compliance relief pursuant to 2nd Wave of Covid-19

Rohit Kumar Singh 03 May 2021 at 09:57

CBIC has issued notifications under the GST Law to implement certain relief measures in view of the outbreak of the 2nd Wave of Covid-19 and lockdown in various States.