CAclubindia Articles

Unexplained Cash Credit- Section 68 of the Income Tax Act

Amit Rai 05 August 2020 at 10:14

Section 68 of Income Tax Act is one of the debated section which brings huge numbers of litigation and judgments, especially in case of Demonetisation, we have seen a number of assessment orders have been passed by the assessing officer invoking section 68

IFRS 1 - Presentation of Financial Statements

CA. Chikkerur C R 04 August 2020 at 15:46

IFRS expects every FS must be presented in the same manner so that investors spend less time in taking decision.

eSanchit application For Import Export (IEC) Users on ICEGATE Portal

CA.KIRANKUMAR R N 04 August 2020 at 10:51

Q: What is eSanchit application?The Central Board of Indirect Taxes & Customs (CBIC) has launched eSanchit (e-Storage and Computerized Handling of Indirect

Tax Deducted at Source (TDS) provisions under GST

CA Chanchal Jain 04 August 2020 at 10:09

TDS is the deduction at a specified rate by the deductor. Section 51 of the Central Goods and Services Tax (CGST) Act lays down the provisions of TDS. The section starts with the non-obstante clause.

Compliances to meet in August 2020

CA Rahul Mittal 04 August 2020 at 09:03

Save the dates, know the compliances to be met by this month, August 2020.

Corporate Compliance Calendar - August, 2020

CS Lalit Rajput 03 August 2020 at 14:22

This article contains various Compliance requirements under Statutory Laws. Compliance means adhering to rules and regulations.

Raksha Bandhan of Taxpayers!

CA Umesh Sharma 03 August 2020 at 10:47

Krishna, how are the tax departments and taxpayers going to celebrate the blissful festival of Raksha bandhan this COVID period?

Section 44ADA- Presumptive taxation scheme for assessees engaged in eligible profession

CA Santhosh Gupta Kethepalli 03 August 2020 at 10:47

Scheme for presumptive taxation was introduced under section 44ADA from the F.Y.2016-17. Section 44ADA provides a simple method of taxation for Specified Small professionals. Earlier, the presumptive scheme of tax was applicable only for small business.

How to save Income tax on sale of residential property?

CA Rahul Mittal 03 August 2020 at 10:47

Many taxpayers are not aware the provision of the income tax act on how to save the tax on the sale of residential property. They earn profits on the sale of residential property and pay the taxes. They can save the tax.

Works contracts and implications in real estate under GST

FCS Deepak Pratap Singh 03 August 2020 at 10:47

Since GST implementation in Real Estate Sector, various disputes have come to notice of government. We have debated much on definition and applicability of GST on Work Contracts related to Real Estate Sector.