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CAclubindia Articles


Tax On Income Distributed By Way Of Buy-Back Of Shares By Unlisted Companies- Anti Abuse Provision

  FCS Deepak Pratap Singh    27 August 2020 at 10:01

Buy-back of share is one of those activities through which companies distributing the surplus to their shareholders, without payment of taxes. Initial stage provisions of Section 115QA are applicable to unlisted companies, but after July 5, 2019, it became applicable to listed companies also.



Investor Education and Protection Fund | Complete Overview

  DEEPAK SETH    26 August 2020 at 13:03

The Central Government shall establish a Fund to be called the Investor Education and Protection Fund (herein referred to as the Fund



Breach of Trust by Government- Notification No 63/2020 Dated 25.08.2020

  CA Rohit kapoor    26 August 2020 at 13:02

In 39th GST Council meeting held on 14th March 2020 it was proposed that as a measure for Trade Facilitation Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively). 



Why NSIC- Single point registration Scheme for MSMEs?

  Sandeep Rawat    26 August 2020 at 10:09

The Micro & Small Enterprises shall apply on the prescribed application form (in duplicate) along-with requisite fee and documents to the Zonal/Branch/Sub Branch and Sub Office/Extension office of NSIC



Labour Law Reforms

  DEEPAK SETH    26 August 2020 at 09:34

Labour law reform is necessary in India-jobs in the manufacturing sector have reduced by 3.5 million between 2011-12 to 2017-18, and economic growth was at a 26-quarter low of 4.5% in the July-September 2019 quarter.



Debit/Credit Note Under GST

  CA Shubham Gupta    25 August 2020 at 16:26

Credit note is issued when issuer owes money to someone (means issuer has to give money to someone). Someone here means the person to whom the Tax Invoice has been issued.



FAQs on Buy-Back of Securities Regulations 2018

  Suhasinipro badge    25 August 2020 at 14:53

These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Buy-back of Securities) Regulations, 2018 ['Buyback Regulations'].



Filing ITR? Know best practices for your benefit!

  CA Chanchal Jain    25 August 2020 at 11:02

So, pause! Before rushing towards filing ITR this year, follow a few more best practices that may save you time, benefit you over a number of years, and help you understand any new filing provisions. Note that this article assists those who already know at least a few aspects of filing ITR.



Remuneration, Powers and Duties of Auditors

  DEEPAK SETH    25 August 2020 at 10:18

The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein.



Vighnaharta’s enlightenment on extended reporting to taxpayers!

  CA Umesh Sharma    25 August 2020 at 09:37

Vighnaharta’s enlightenment on extended reporting to taxpayers!




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