CAclubindia Articles
Dividend Income Taxability From AY 21-22 Onwards
Finance Act, 2020 made the amendment that dividend income shall be taxable in the hands of the shareholders and the burden of tax payment is shifted from the company to the shareholders.
Due Date Compliance Calendar for the m/o October 2021
It is important to plan your month so that you don't miss any due dates. In this article, we discuss all the due dates under all the acts, that lie in the month of October 2021.
10 Important Points to Consider before Filing September 2021 GST Return
Once the return of September 2021 is filed, no changes or rectifications can be made further. Thus, taxpayers must reconcile their books and returns & make the final adjustments.
Key changes in ITR Forms for AY 2021-22 - Part 4: ITR 6
Option of Filing ITR in response to notice u/s 153A and 153C is removed from ITR as the requirement to file ITR under these sections is omitted. Dividend will now be taxable from Rs.1/‐ as section 115BBDA is omitted.
Accounting under GST for the FY 2021-22
Through this Article we are making an attempt for MSME & Accountants and Small Practitioners who are backbone for GST Compliances and Reconciliations for the respective organization.
Overview of Form 35 for CIT(A) - Rule 45 of the Income Tax Rules
The Provisions relating to the form of appeal to Commissioner (Appeals) are contained under Rule 45 of the Income Tax Rules. As per the said rule 45, an appeal to the Commissioner of Income Tax (Appeals) needs to be made in Form No. 35.
Another "Big Short" - Mortgage-Backed Securities
MBS or Mortgage-Backed Securities became infamous for their role in the 2008 Global Financial Crisis. What seemed like a high-paying investment soon turned out to be a bag of shit that piled on until it choked the entire economy!
Other Compressive Income in IND AS
To provide exact profitability and bring more transparency to the financial statements of a company, the concept of Other Comprehensive Income was introduced in IND AS.
22000+ Compliance Reduced by Ministry
With the intent to ensure "Minimum Government, Maximum Governance" the Government of India embarked on an ambitious journey to reduce burdensome compliances.
Side Effects of poor functioning of New Income Tax Portal
Due to technical glitches on the new Income Tax portal, taxpayers have failed to file Income Tax Return, Audit Report and there is a delay in submission of Financials in the bank for loan purposes.
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