CAclubindia Articles

Do payments made to NRI computer software manufacturers/suppliers constitute as royalty?

Atishay Jain 05 April 2021 at 13:32

The controversy surrounding the taxation of payments for computer software in international transactions has been a subject matter of extensive litigation for over two decades in India.

A Peek into Perpetual Bond

prasenjit nandi 05 April 2021 at 13:32

Bond is synonymous with debt when it comes to investing. It is a glorious loan where the word interest is replaced with coupon and amount borrowed by par value/face value.

Self-generated Tax Invoice for GST supply under RCM along with the Invoice format

CA. Heet Shah 05 April 2021 at 10:25

The person liable to pay tax under reverse charge shall be required to issue an invoice in respect of goods/services received by him from the unregistered supplier.

JSON Utility for ITR1 & ITR 4 for AY 2021-22 released by CBDT

CA Sapna Ghelani 05 April 2021 at 09:30

The Central Board of Direct Taxes (CBDT) has introduced a new utility named JSON Utility for ITR - 1 and ITR - 4 for Assessment Year 2021-22 and have discontinued the Excel and Java Version of these ITR Utilities.

GST E-Invoice: How to handle Duplicate IRN (error code 2150) under practical business scenarios through technology?

Harshit Dheer 05 April 2021 at 09:30

This write-up series would help the businesses to proactively understand and address the practical business error scenarios which would further help them to adapt to this law requirement comfortably.

Section 198 and 145 - Deduction and Taxability of TDS

CA. Mohit chaturvedi 05 April 2021 at 09:30

Entire income shall be offered as income for taxation in the year of actual receipt u/s 145 and section 198 shall be treated as a section inserting deeming fiction to avoid ambiguity in the law.

Compliance Calendar for the month of April 2021

Ishita Ramani 05 April 2021 at 09:30

We have prepared a Compliance Calendar in two parts, i.e. Compliance Calendar for GST due dates of April 2021 and Compliance Calendar for Income Tax due dates for the month of April 2021.

New PF Tax Rule: Should you cut your VPF contribution?

CA Sapna Ghelani 03 April 2021 at 09:52

Should people continue contributing towards a voluntary provident fund (VPF) that earns the same interest as that of an EPF and enjoy the same tax treatment or not?

Deduction for setting up industries in backward states u/s 80IC

Ritik Chopra 03 April 2021 at 09:52

Deduction u/s 80IC of the Income Tax Act has been provided by the government to set up industries in specified backward states and to provide a push to the economy.

TDS/TCS Rates w.e.f. 1st April 2021

Desh Raj 02 April 2021 at 13:28

The updated rates for Tax Deducted at Source and Tax Collected at Source which will be applicable from 1st April 2021 have been listed in this article.