CAclubindia Articles

Charitable Trusts and NGO - Income Tax Audit and Benefits Available

Neethi V. Kannanth 06 January 2021 at 09:36

In this article, we understand the criteria for Tax Audit and benefits available in the case of Charitable Trusts and NGO, including their taxable income, exempt income, investment of accumulated income etc.

No extension of CFSS 2020 & LLP Settlement Scheme and Its Impact

Bidisha 06 January 2021 at 09:36

In this article, we understand all about the CFSS 2020 and LLP Settlement Scheme including its various benefits, highlights, and the consequence of not extending these schemes.

If your Equity Portfolio is not Globally diversified, you are taking undue risk which may not payoff

CA Aaditya Chhajed 06 January 2021 at 09:36

In this article, we ponder over the points while investing in equity, reasons for the globally diversified equity portfolio, and how you are taking an undue risk that may not pay off if your equity investment is not globally diversified.

How to Change the Authorised Signatory on the GST Portal?

CA Sapna Ghelani 05 January 2021 at 16:58

In this article, we discuss the steps through which a taxpayer or professional can change the authorised signatory on the GST Portal.

Issues, Challenges and Empowerment of MSMED Act

Anu Birla Amodia 05 January 2021 at 16:58

The Micro, Small & Medium Enterprises (MSMEs) are defined in India under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 on the basis of capital investment made in plant and machinery, excluding investments in land and building.

Is Anti-Profiteering Anti-Business?

Chandani Nawalkha 05 January 2021 at 13:20

The construction businesses are at the center stage of anti-profiteering in some of the latest judicial pronouncements. The article is an attempt to summarize the methodology and crux of these rulings.

Section 194N: TDS on Cash Withdrawal

Finwealthcare 05 January 2021 at 10:30

Union budget 2019 had introduced a new section 194N - TDS on cash withdrawal. After that certain amendments have come under section 194N in Budget 2020. In this article, we discuss the same.

Extend CFSS Scheme - Why is Extend_CFSS Trending on Twitter?

Shweta 05 January 2021 at 10:09

As of late, an outpour of demands requesting the government to extend the due date for CFSS is being seen on social media. Consequently, hashtags such as #Extend_CFSS and #CFSSExtension have been trending on Twitter.

Due date Extension put Taxpayers under Duckworth Lewis Situation

CA Umesh Sharma 05 January 2021 at 10:06

In this article, we compare the situation of the taxpayers and professionals to the "Duckworth Lewis" Rule in which due to rain or other interruptions, more runs have to be made in fewer balls. This is with regard to the due date extension made by the government.

Section 192A | TDS on Payment of Accumulated Balance Due to an Employee

CA.R.S.KALRA 05 January 2021 at 10:04

In this article, we understand all about TDS on Payment of Accumulated Balance Due to an Employee u/s 192A including the amount of deduction, threshold limit, rate of TDS, etc.