CAclubindia Articles

Amendments made by Finance Act 2020 relating to Trusts

CA Santhosh Gupta Kethepalli 24 November 2020 at 15:12

Finance Act, 2020 has made changes with respect to the provisions related to Trusts and NGOs claiming exemption u/s 11 or u/s 12 of the Income Tax Act, 1961. Let us understand those changes.

Form 16 Vs. Form 16A Vs. Form 16B

Shweta 24 November 2020 at 10:06

Under the Income Tax Act, Form 16, 16A, and 16B refer to TDS certificates issued by the deductor to the deductee, which certify that tax has been deducted.

Documents Required for GST Registration

shahyar husain 24 November 2020 at 10:05

The requirement of documents is dependent upon the constitution of the business. Let us understand the documents required for the different types of GST Registrations.

GSTR-2B [Auto Drafted ITC Statement] effective from January 01, 2021

CA Rohit Maheshwari 23 November 2020 at 16:27

As per Notification number 82/2020 dt. Nov 10, 2020, an auto-drafted statement containing the details of ITC shall be made available to the registered person in FORM GSTR-2B.

CA Exams 2020 - What do the students have to say regarding the arrangements made by ICAI amidst the pandemic?

Aishna Kukreja 23 November 2020 at 14:48

In the middle of a cold war between the CA Students and ICAI, the Nov 2020 exams began on 21st Nov 2020. Let us understand the views of the students regarding the arrangements made by ICAI.

Place of supply under GST (Summarized)

CA Hema Pandey 23 November 2020 at 14:48

The procedural requirements in case an inter-state transaction is wrongly treated intra-state or vice-versa, increase. Therefore, determining the place of supply is of paramount importance.

Analysis of CA Inter Accounts (New Course) Paper for Nov 20 Exams

Nitin Goel 23 November 2020 at 14:48

CA Inter Accounts (New Course) Exam this time was a 16-page Ques Paper, thus, a lengthy one. However, the level of the exam was not very difficult. Difficulty Level - Moderate.

FAQs on TDS under GST [Sec 51 of CGST Act, 2017]

CA S K MISHRA 23 November 2020 at 12:45

The GST Law mandates TDS u/s 51 of the CGST/SGST Act 2017, u/s 20 of the IGST Act, 2017, and u/s 21 of the UTGST Act, 2017. The GST Council also recommended the introduction of TDS from 01.10.2018.

How Can An MBA in Digital Finance And Banking Be Useful In The BFSI Sector?

Guest 23 November 2020 at 12:24

Enter the MBA degree in Digital Finance and Banking, by O.P. Jindal Global University, an A-grade university. The 2-year program is powered by upGrad, India's largest online higher education company.

Dealing with Notices- Difference - ST vs. IT returns (AS26)

Madhukar N Hiregange 23 November 2020 at 12:24

The sharing of the income tax returns with the service tax, central excise, and VAT authorities has been a long drawn exercise with the last arrangement agreed in 2015.