CAclubindia Articles

Concept of Marginal Relief-Back to Basics

Bhavin Shah 17 June 2020 at 09:26

Income-tax law provides for a concept known as 'Marginal Relief on surcharge'. The basic idea is that the increase in tax liability (due to surcharge) should not exceed the increase in income.

CA Exams July 2020: Opt out scheme

CA Aruna Priya 17 June 2020 at 09:23

If your exams are not in July 2020, I request you to kindly skip this, as this is specifically for the JULY 2020 exams.

How to view/download Book Identification Number(BIN)?

Aishna Kukreja 16 June 2020 at 17:29

Book Identification Number (BIN) is issued to the deductor on the NSDL Tax information Network. The BIN quoting has been termed mandatory for government deductors, who are reporting TDS without payment through bank challans and the same is to be stated on the quarterly TDS statement.

Analysis of Section 115BA, 115BAA, 115BAB of Income Tax

CMA Damini Agarwal 16 June 2020 at 16:29

Several amendments are made in the Income Tax Act, 1961 through ordinance in Section 115BAA, Section 115BAB were inserted in the Income Tax Act, 1961

What is this new ITC-02A enabled on GST Portal?

VAISHALI PARTH AND ASSOCIATES 16 June 2020 at 14:39

ITC-02A is an initiative by which the taxpayer can now transfer the unutilized ITC from one business (Business XYZ) to another business (Business ABC) of him in the same state.

Fortunes are made coming out of recessions

CA Aaditya Chhajed 16 June 2020 at 13:13

Remember how everyone in 2010-2019 wished they had invested in the market during the global financial crisis in 2008? Well, for those who missed it, you are getting a second chance now. Fortunes are made in bear markets for those willing and able to look past the pandemic.