CAclubindia Articles

A Brief about Form 10A and 10AB as per new Law on Registration of Trust

CA Harshali Salvi 23 April 2021 at 09:59

Form 10A and 10AB has been prescribed in these new rules for the registration of the Trust U/s 12A & 80G and approval U/s 10(23C) sub-clause (iv) or (v) or (vi) or (via) & 35(1) sub-clause.

Investing in Mutual Funds V/s Direct Stocks

Prachi Bansal 22 April 2021 at 16:14

In this article, we will be discussing the difference between investing in Mutual Funds and Direct Stocks, together with understanding the better option between the two.

Why the Indian Government is proposing to ban cryptocurrencies?

Rohit Remesh 22 April 2021 at 09:52

If The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 comes into force, India would be the first major economy to make holding cryptocurrency illegal.

Deductions under Section 57

Ritik Chopra 21 April 2021 at 13:09

The taxable income under the head 'Income from Other Sources' shall be computed after allowing deductions as provided in Section 57 of the Income Tax Act. Discussing such deductions in this article.

The reason for failing is very simple. They are not gaining customers because of better quality of products or services. They are gaining customers by offering artificial discounts, which cannot be offered lifelong.

Amendment in Schedule III - Division I (IGAAP) - Companies Act, 2013

CA Harshal Jain 21 April 2021 at 10:00

Schedule III provides general instructions for preparation of Financial Statement of a company classified under Division I (Indian GAAP) and Division II & III (IndAS).

When should you apply for multiple GST registration as a business owner?

Shrijay Sheth 20 April 2021 at 15:40

There will be a possibility that a business works from more than one state; at that point, a distinct GST enlistment is required for each state.

A Guide to Sec 80EE, Sec 80EEA and Sec 80EEB

Ritik Chopra 20 April 2021 at 14:35

Understanding deduction w.r.t interest on loan for residential house property to a first time buyer (Sec. 80EE), deduction regarding payment of interest on loan taken for certain house property (Sec. 80EEA) and deduction w.r.t the purchase of an electric vehicle (Sec. 80EEB).

High-Value Financial Transactions tracked by the Income Tax Department

CA Sapna Ghelani 20 April 2021 at 09:54

Discussing 10 high-value financial transactions that can bring you under the radar of the Income Tax Department. Let us get into the details and minimum transaction limits of these transactions.

Annual Compliances for Private Company on the basis of Turnover

RUTU SHAH 20 April 2021 at 09:54

Discussing annual compliances for a private company when turnover is more than Rs. 20 crores, more than Rs. 100 crores, more than Rs. 200 crores and more than Rs. 1000 crores.