CAclubindia Articles

Corporate Tax Concession - All you need to know about Form 10IC and Form 10ID of Income tax

Ishita Ramani 25 February 2021 at 14:39

Domestic companies get an option to pay their corporate taxes at a concessional tax rate u/s 115BAA and 115BAB of the Income Tax Act, 1961 by filing Form 10IC and Form 10ID pertaining to certain conditions.

Whether tax paid on intra-state inward supply in one state can be used to pay output tax liability in another state

CA Amit Harkhani 25 February 2021 at 09:58

A combined reading of Section 16(1) of CGST Act, 2017 and definitions it is concluded that registered persons can avail ITC (IGST & CGST & SGST) u/s 16(1) of CGST Act, 2017 and not separately under respective Acts.

Section 194LD | TDS on Income by way of Interest on certain Bonds/Government Securities

CA.R.S.KALRA 25 February 2021 at 09:58

Discussing Section 194LD of the Income Tax Act which deals with the TDS on Income by way of Interest on certain Bonds/Government Securities including its meaning, rate of TDS, nature of payment etc.

Difference between Statutory provisions & The Social Security Code 2020 to be effective from 1st April 2021

Tikaram Chaudhary 25 February 2021 at 09:58

This article is an attempt to elaborate the difference between Statutory provisions applicable to Companies under Existing Payment of Gratuity Act 1972 (Amended) & The Social Security Code 2020 effective from 01.04.2021.

India Budget 2021 - A Usable Template

CA Sripriya Kumar 24 February 2021 at 17:49

Discussing the impact of Union Budget 2021 on Personal Taxation, Corporate Taxation, Revision of Time Limit, Business Income, Deductions, Exemptions, Assessments, Appeals, TDS, TCS, Customs Duty and GST.

GST Charcha on Union Budget 2021: Amendments proposed in Section 74, 107, 151, 152 and 168 of the CGST Act, 2017

Bimal Jain 24 February 2021 at 17:24

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 104, 107, 110, 111 and 112 of the Finance Bill, 2021 with respect to amendments in Section 74, 107, 151, 152 and 168 of the CGST Act.

Clarification regarding applicability of Dynamic Quick Response (QR) Code on B2C invoices

CS Lalit Rajput 24 February 2021 at 16:49

This clarification is applicable to a tax invoice issued to an unregistered person by a registered person whose annual aggregate turnover exceeds 500 Cr rupees in any of the FY from 2017-18 onwards.

Latest GST updates and Notifications - January 2021

CA NISHANK JAIN 24 February 2021 at 11:58

Discussing the latest updates w.r.t GST as issued under various circulars by CBIC, including due date compliances for the upcoming months, and facilities made available on the GST Portal.

How to score Exemption in CA Final Audit

CA Sapna Ghelani 24 February 2021 at 09:57

Audit is a pure theory subject and some students also consider it to be the scariest subject in CA Final Course. But if the preparation is done right and strategically, scoring exemption in a subject like audit is also possible.

Interest on PPF, Personal Loan, Saving Bank Account To Be Included In Aggregate Turnover For GST Registration

Ranvir Sinh ParMar 24 February 2021 at 09:57

An applicant is required to aggregate the value of exempted interest income earned for the purpose of calculating the threshold limit of Rs. 20.00 Lakh for obtaining registration under GST law.