CAclubindia Articles

Advance rulings under GST clarified by CBIC

Anoop Gupta 07 July 2020 at 15:22

The purpose of advance rulings is to help an applicant who is already a registered taxable person or is liable to be registered to provide clarity and understanding with regards to any supply which is to be undertaken and which might create an issue with the GST authorities

Amendments with respect to Section 56(2)(x) and 50CA

CMA Damini Agarwal 07 July 2020 at 10:08

The Central Board of Direct Taxes (CBDT) has further amended Income Tax Rules, 1962, under vide Notification No. 40/2020 dated 29th June, 2020. The Provision of Section 56(2)(x) of Income Tax Rules states certain class of assesses to whom the provision does not apply.

Exemptions prescribed for taxpayers opting for New Tax Regime- Section 10(14)

CA Hetal Thakkar 07 July 2020 at 09:35

The taxpayers opting to be governed under the new tax regime have to forego various deductions and exemptions, unless specifically provided.

For whom GST Late fees reduced to Nil or Rs 500 per return!

CA Umesh Sharma 07 July 2020 at 09:35

Here is this beautiful conversation between Arjuna and Krishna. Krishna is clearing Arujan's doubts regarding recent changes in late fees on GSTR-3B

Role & Scope of CA in Online AGM during COVID 19 Era

CS Lalit Rajput 06 July 2020 at 12:50

The concept of Annual General Meeting (AGM) has been defined under Section 96 of the Companies Act, 2013. It can be considered as an annual gathering of Directors and Shareholders/members of the Company to discuss the future of the Company and also company's overall performance is analyzed.

TDS under section 194N - Latest changes

Ramachandra 06 July 2020 at 12:48

The Govt.of India through Finance (No 2) Act 2019 had introduced a new section 194N in the Income Tax Act 1961, to provide for levy of Tax Deduction at Source (TDS) @ 2% on Cash payments in excess of One Crore Rupees

Equalisation Levy in Income Tax Act, 1961

CA Santhosh Gupta Kethepalli 06 July 2020 at 11:47

Transformation by CBDT from Taxing Business Income to Business Transactions

GST Compliance after Death of Proprietor

CA Pratik Patel 06 July 2020 at 11:46

In case of Death of Proprietor, if the business is continued by any person then it'll be considered as Transfer of Business under GST (Section 18 (3) - CGST Act)

SEBI (Investment Advisers) (Amendment) Regulations, 2020

CS Lalit Rajput 06 July 2020 at 11:45

In January 2020, SEBI had issued a Consultation Paper, on Review of Regulatory Framework for Investment Advisers and sought comments from the public on the proposals and has received public comments.

Some facts related to "Equalisation Levy"

FCS Deepak Pratap Singh 06 July 2020 at 09:11

CBDT has issued a notification dated 27th May 2016 stating that provision of chapter VIII relating to equalization levy would come into effect from 01st June 2016.