CAclubindia Articles

Avoid Exceeding This Limit in Mutual Funds, Bank FDs, and Cash Deposit, Otherwise, You May Get a Notice of Income Tax

Kapil Rana 27 May 2021 at 09:42

Cash transactions and digital deposits are closely monitored by the IT Department, and if you invest more than Rs 10 lakh in mutual funds, stock market, bonds, or debentures, your chances of receiving a notice increases.

Extension of Income Tax Due Dates

CA Umesh Sharma 27 May 2021 at 09:42

CBDT has issued a circular on 20.5.2021 for an extension of due dates for various returns and compliances under the Income Tax Act. Let us discuss the extended due dates.

Producer Companies: Complete Procedure For Incorporation

CS Rashi Jain 27 May 2021 at 09:42

A producer company is a blend of a Pvt. Ltd. Co. and a Cooperative Society. Discussing the meaning, benefits and working of Producer Companies, before its incorporation procedure.

The Positives of Pandemic

Dhruv Nandani 27 May 2021 at 09:42

With all due respect and empathy for some who had a tough time because of sufferings to their near and dear ones, in this article, the author looks at some of the benefits of the pandemic, in his life.

All About Indian Accounting Standards IND AS and its Implementation

CCI Team 26 May 2021 at 18:28

IND AS governs the accounting and recording of financial transactions as well as the presentation of statements such as profit and loss account and the balance sheet of a company.

GST Saga on Health Care Services - Classification of sanitizers

Bimal Jain 26 May 2021 at 16:49

Discussing judicial pronouncements that state that Sanitizers used for 'care, not cure for COVID', are not classifiable as 'Medicaments' and 'Hand-Sanitizers' taxable at 18%, denies exemption as 'essential commodity' under GST.

Why Finance Professionals should Learn to Code?

PRANAV PRATIK TULSHYAN 26 May 2021 at 10:04

A CA was never meant to do coding, but with the level of automation that is going around, and more specifically in the finance field, it is going to be a basic requirement for finance professionals in the future.

Income Tax Benefits Available to Individuals and HUF - Part 4

Neethi V. Kannanth 26 May 2021 at 09:31

This is the last part of the article series related to Income Tax Benefits Available to Individuals and HUF. We will now be discussing about the remaining deductions under Chapter VIA, TDS and advance tax provisions and about exemption from Filing of Income Tax Return

Section 10AA: Provisions Related To Newly Established Units In Special Economic Zones

Ritik Chopra 26 May 2021 at 09:31

Section 10AA provides a deduction from total income of such profits and gains derived by an assessee being an entrepreneur from the export of articles or things or services for certain consecutive assessment years.