CAclubindia Articles
Section 115BAC of The Income Tax Act, 1961 | New Tax Regime vs. Old Tax Regime
The new tax regime is available for individuals and HUFs with lower tax rates and zero deductions and exemptions available under various provisions of the Income-tax Act, 1961.
Unravelling the terms business, profession, vocation and occupation
Discussing the difference between the terms 'business', 'profession', 'vocation' and 'occupation' in the context of the Income Tax Act, 1961.
Points to be Remembered in Intraday Trading
Intraday trading is one of the most crucial and critical aspect of Finance. We know that in Intraday trading we have to settle the trade within a day.
Applicability Of Code Of Ethics For Practicing Firms
ICAI has issued a revised Code of Ethics 2019 which is applicable from 1st April 2020. The purpose of the Code is to promote an ethical culture in auditing.
GST Compliance Relaxation pursuant to GST Council Recommendations
Pursuant to the GST Council recommendations in their 43rd meeting, CBIC has issued a series of notifications relaxing the GST compliance requirements. Same has been summarised here.
Blocking and Unblocking of ITC - A Welcome Circular
A Welcome Circular that amends the conditions of use of amount available in the electronic credit ledger as per Rule 86A of the Central Goods and Services Tax (CGST) Rules, 2017.
Retrospective Amendment - Interest on Tax payable under Section 50 on Net Tax liability
Section 112 of the Finance Act 2021 shall come into force on 1st June 2021. This section seeks to amend Section 50 of the CGST Act, 2017 which relates to Interest on Delayed Payment of GST.
Amendments in MCA E-Form Agile Pro
MCA via a notification dated 07th June 2021 has notified the Companies (Incorporation) 4th Amendment Rules 2021 wherein a new form Agile Pro - S has been released.
CBIC Issues 12 Important GST Notifications Related To Due Date Extension, Rationalizing Of Late Fee And Interest Rate Etc.
CBIC, on 1st June 2021 released 12 important GST notifications giving effect to the recommendations of the 43rd GST Council Meeting. Let us understand the effect of these notifications in detail.
Due date for filing of Tax Audit Report & ITR for AY 2020-21 - To extend or not to extend?
The cases of COVID-19 are increasing every day. Amidst this, should the government extend the due date for the filing of the Tax Audit Report and ITR for AY 2020-21?
Popular Articles
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