CAclubindia Articles

Compliance Calendar for the month of November 2020

CA Rahul Mittal 02 November 2020 at 11:44

Compliance Calendar for the month of November 2020 for Income Tax Act, GST Act, and ESI Act. Mark your calendars now.

Is ITC available on wires laid for transmission of electricity by business houses?

Raghav Rathi 02 November 2020 at 11:44

The ITC for the wires/towers laid for the transmission of the electricity is available u/s 16 of the CGST Act, 2017 but is blocked under clause (d) of Section 17(5) of the CGST Act, 2017.

Key Provisions and Applicability of the Medical Education Reform 2020

CS Lalit Rajput 02 November 2020 at 11:38

Provision and Applicability for all medical colleges established/to be established, proposing to increase their annual MBBS intake from the academic year 2021-22.

Top 5 Accounting Trends in 2021

Anji Velagana 02 November 2020 at 10:22

Here are the top 5 things that will significantly change the accounting industry in 2021 - Automated Accounting, Accounting Software, Outsourcing, Cloud-Based Accounting, and Data Analytics.

Professional Empowerment Series - Chapter 8: Professional Ethics for Success

Madhukar N Hiregange 02 November 2020 at 10:03

In this article, we look at professional ethics as applied to CAs. The other professionals may have similar limitations with some aspects less focused on and a few where the aspects discussed may not be applicable.

[Solved] Issues in Applying Provisions of Section 43B of the Income Tax Act

Safder Alam 02 November 2020 at 10:02

FM has extended the last date for filing Tax Audit Report and Transfer Pricing report to 31st Dec 2020. Various issues in applying provisions of Section 43B have been resolved in this article.

IND AS 38, IAS 38, and SIC 32 - Intangible Assets

CMA SIVAKUMAR A,ACMA. 02 November 2020 at 10:02

Each AS offers a wide variety of practical applications to the stakeholders in respect of full disclosure and transparency. In this article, we discuss IND AS 38, IAS 38, "Intangible Assets"

Income Tax deduction for medical treatment U/s Section 80DDB

Pranab Banerjee 02 November 2020 at 10:02

U/s 80DDB of the Income Tax Act, taxpayers can claim a deduction for medical treatment of certain specified ailments for self or dependent. Know everything about the section in this article.

Introduction to US Tax Returns

Heer Gajjar 31 October 2020 at 17:43

The US Tax returns are broadly classified into 7 main categories. The types of tax returns, description, and their due dates are described in this article.