CAclubindia Articles

Section 44AD: Provisions for computing profits and gains of business on presumptive basis

CA Santhosh Gupta Kethepalli 27 July 2020 at 11:34

Section 44AD covers provisions to reduce tax burden and to provide relief from tedious work to small tax assesses, the government of India has incorporated a scheme of presumptive taxation.

Section 194N - TDS on Cash Withdrawal

CA AMIT KUMAR SHARMA 27 July 2020 at 10:07

Section 194N is applicable in case of cash withdrawals of more than Rs 1 crore during a financial year.

Why have Contingency/Emergency Funds gained more importance after COVID-19?

CA KANJ GOEL 27 July 2020 at 10:07

two principles (a) Pay Yourself First (b) Have adequate Contingent Funds, first step towards financial freedom against any black swan events like COVID-19

Updated Due Date Chart Of Income Tax Compliance

CA Rahul Mittal 27 July 2020 at 10:07

Due to COVID-19 pandemic and challenges faced by taxpayers, the government has extended dates for various compliance in direct taxes.

Filing of e-form by company with MCA

CA Rishi Goyal 27 July 2020 at 10:07

For the compliance of provisions of Companies Act, 2013, there is a requirement of filing E-Form at web portal of the Ministry of Corporate Affairs (MCA). MCA is notifying provisions and E-form on regular basis accordingly Company and officers are required to file E-form with MCA.

Is PAN Mandatory For Some Transactions in Income Tax?

CA Rahul Mittal 27 July 2020 at 10:06

Every person shall quote his permanent account number (PAN) in all his returns or challans or correspondence with any income-tax authority. Other than this, every person shall quote his PAN in all documents pertaining to the transactions

New and Mandatory Return Filing for Composition Dealers

CA Chanchal Jain 27 July 2020 at 10:06

To overcome the confusion between GSTR-4, that is before 01-04-2019 it was compliance to be made by taxpayer quarterly registered under composition levy, i.e. u/s 10 of CGST Act.