CAclubindia Articles

Why we do not ask questions: Analysis of reasons and solutions

Posted by CA Manish 01 June 2021 1423 Views

Analysing the two reasons i.e. Personal and Environmental or Upbringing, due to which we don't ask questions and lack curiosity, together with tips to improve that habit.

Applicability of Section 194Q TDS on Purchase of Goods

Posted by Vikas Rai 01 June 2021 16872 Views

The intention of section 194Q is to widen and deepen the tax base. In order to do the same, it is proposed to levy a TDS of 0.1% on purchase transactions exceeding Rs. 50 lakhs in a year.

Recommendations of the 43rd GST Council Meet

Posted by Rohit Kumar Singh 01 June 2021 2201 Views

The Council made certain key recommendations on changes in GST rates on the supply of goods and services and changes related to GST law and procedure GST Law and procedures.

Basics of Audit & Application of Standards on Auditing

Posted by Udit Vyas 01 June 2021 3182 Views

In small to mid-sized firms, audits are carried out by article trainees, new paid audit assistants without properly meeting the Standards for Auditing set out by ICAI. Hence, it is very important to know where to apply these standards and the relevance of such standards.

What is income under the head Salary?

Posted by Ritik Chopra 01 June 2021 11836 Views

Generally, salary is considered as a fixed payment from an employer to an employee. However, the term 'salary' has a larger scope. Let us discuss the term 'salary' in this article.

Analysis of Section 206AB and Section 206CCA

Posted by Neethi V. Kannanth 01 June 2021 3351 Views

Section 206AB and 206CCA were introduced in the Finance Bill 2021. They provide for a higher deduction of TDS and TCS respectively, if certain conditions are met.

Tax treatment of dividend received from company

Posted by P.R. Sethuraman 01 June 2021 16081 Views

The Finance Act, 2020 abolished DDT and moved to the classical system of taxation wherein dividends are taxed in the hands of the investors. Let us discuss the tax treatment for the same.

All about Form FC-4: FCRA Annual Return

Posted by CS Tanveer Singh Saluja 01 June 2021 34776 Views

As per Rule 17 of the Foreign Contribution (Regulation) Rules, 2011, every person who receives foreign contribution under FCRA shall submit a signed or digitally signed report in Form FC-4 for every FY.

IAS: PPE-Lack of Commercial Substance

Posted by Amit Chawla 01 June 2021 8241 Views

Commercial substance means that the risks and cash flows associated with one asset would differ from those of the other asset. Let us discuss the IAS: PPE - Lack of Commercial Substance.