CAclubindia Articles

Income Tax Department's Eye on High-Value Credit Card Transactions

Sahil Jaiswal 27 September 2024 at 10:40

The Income Tax Department of India has been increasingly monitoring high-value credit card transactions as part of its efforts to curb tax evasion and ensure better tax compliance.

GST on Lease/Rental Transactions

CA S K Mishra, FCA, FCMA , MBA 27 September 2024 at 08:38

A lease is a contractual arrangement between owner (lessor) & user (lessee) whereby one party, the lessor, grants the right to use a particular assets (such as a parcel of land, building, equipment, or machinery etc.) for a specific period and under specified conditions to the other party, the lessee.

GST On Real Estate Sector: An Analysis

Ashok Pitroda 26 September 2024 at 16:05

Since the implementation of GST in India, the real estate sector has undergone significant changes. The GST rates on real estate vary depending on the type of property and its stage of completion.

Deadline Alert: Income Tax Audit Submission by September 30

Chaitra Seetharam 26 September 2024 at 10:46

Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get their accounts audited under Section 44AB of the Income Tax Act.

Deemed Dividend: Understanding Section 2(22) of the Income-tax Act, 1961 and Its Implications

Affluence Advisory 26 September 2024 at 08:33

Section 2(22) of the Income-tax Act, 1961 (the Act), deals with Dividends. Sub-clause (e) of section 2 sub-section (22) of the Act includes payments made by a private company by way of advance or loan to a shareholder

Persuasive Value in Judicial Decisions

Abhishek Raja 26 September 2024 at 08:33

In the legal world, judicial decisions carry varying levels of influence, depending on whether they are considered authoritative or persuasive.

Conversion of Sole Proprietorship into Private Limited Company

J. D. Shah Associates 26 September 2024 at 08:33

In this article, we'll explore the process and benefits of converting a Sole Proprietorship into a Private Limited Company.

Valuation Guide: Types, Myths & Importance

ValuGenius Advisors LLP 25 September 2024 at 08:35

Business valuation is the process of determining the economic worth or value of a business or company. It is a critical financial assessment that helps stakeholders understand the value of a business for various purposes, such as selling, buying, financing, investing, or making strategic decisions.

FCRA Account: Benefits, Cash Limits and Restrictions

Ayush 24 September 2024 at 17:32

Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under section 6 of Foreign Contribution Regulation Act, 2010.

Embracing Sustainability: Voluntary Business Responsibility and Sustainability Reporting (BRSR) Benefits

CA Naveen Mallakunta 24 September 2024 at 08:35

Voluntary adoption of Business Responsibility and Sustainability Reporting (BRSR) brings numerous benefits to organizations, enhancing their reputation, risk management, financial performance, and strategic decision-making.