CAclubindia Articles

Equalisation Levy - Most Vital Concept in International Taxation

Venkat Raj 29 December 2020 at 09:57

This is perhaps the most vital concept in international taxation. Finance Act 2016 has brought a key change in the scope of international taxation. Finance act 2020 has further expanded the scope of equalisation levy.

NEFT & RTGS 24X7X365 by RBI

CS Lalit Rajput 28 December 2020 at 16:52

RBI had announced on October 09, 2020, that the RTGS will be available round the clock on all days of the year. Accordingly, RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020.

GST - Due Date Compliance Calendar for January 2021 and Recent Updates on The Portal

CA. Hemant Singhal 28 December 2020 at 14:37

In this article, we discuss the Due Date Compliance Calendar of GST for January 2021, Recent Updates on the GST Portal, and Latest Notifications and Announcements made by CBIC.

Role of Dividend Tax in Achieving the Essence of the Budget

P.R. Sethuraman 28 December 2020 at 13:17

In this article, we discuss various changes that must be implemented in order to achieve the essence of the budget. One among them is the introduction of dividend Tax for the reasons mentioned in this article.

Investment Basics - How Can a Good Investment be your Earning Son?

Shubhankitsoni 28 December 2020 at 12:18

Before investing, one has to take into account the basic questions like a present obligation and its ratio to present income, family protection plan in case of exigencies, and plan for the loss of Job.

Turnover Based Exemption for payment of 1% GST Tax Liability in Cash

CA Niyati Soni 28 December 2020 at 10:51

The Government's decision on mandatory payment of at least 1% of GST tax liability in cash will only apply to establishments having an annual turnover of Rs. 6 Crore.

Points to be considered while doing Tax Audit in Tally Software

CA Kushwanth AVSR 28 December 2020 at 10:51

Among the softwares that are used for the preparation of books of accounts, Tally Software is widely used. In this article, we will discuss some important points that must be considered while doing a Tax Audit in the Tally Software.

Be an Equanimous Investor in 2021

CA Aaditya Chhajed 28 December 2020 at 10:51

What is equanimity? It is keeping your emotions under control. To be successful in the stock market, you have to control your urges. In this article, we discuss 9 important points to be an equanimous investor in 2021.

Biometric based Aadhaar authentication/verification process for GST registration

Bimal Jain 28 December 2020 at 10:02

In this article, we discuss the Biometric based Aadhaar authentication/verification process for GST registration introduced by CBIC, vide Notification No. 94/2020-Central Tax dated December 22, 2020.

CBIC appoints Jan 1, 2021, as date on which various sections of Finance Act, 2020 shall come into force

Bimal Jain 26 December 2020 at 16:13

The CBIC vide Notification No. 92/2020- Central Tax dated December 22, 2020, appointed January 1, 2021, as the date on which the following sections of the Finance Act, 2020 shall come into force.