CAclubindia Articles

GST Implications on Gift and Business Promotional Expenditure

Safder Alam 26 May 2020 at 09:49

Person in Trade and Industries are in the fix regarding availability of Input Tax Credit(hereinafter referred to as "ITC") on certain type of Business promotion expenditure. Such expenditures are necessary to boost the sale of service. and before we proceed further let us look into certain sections/clauses/terms and conditions.

IFRS 16 vs US GAAP (ASC 842): Bridging the gap for Lease Accounting

CA Shammi Prabhakar 26 May 2020 at 09:49

IFRS (International Financial Reporting Standard )16 has significantly changed the accounting for leases across the globe. Most of the entities are busy managing these impacts for reporting their numbers of the previous financial year.

All about Securitization

Shantanu Houzwala 26 May 2020 at 09:49

Securitisation is the process of pooling and repackaging of homogenous illiquid financial assets into marketable securities that can be sold to investors.

The Entrenchment of Articles of Associations

Kalpesh Veer 26 May 2020 at 09:49

The Entrenchment of Articles of Associations

Strengthen Your Investment Portfolio With International Funds

Vinayak Savanur 26 May 2020 at 09:49

There are broadly two ways you can invest in foreign stock markets - you could directly invest in stocks listed on foreign stock exchanges or you could invest in international funds offered by Indian mutual funds.

Calamity Cess on GST: A plan to tide over COVID Crisis

Anshu Gupta (CA-Final) 25 May 2020 at 17:20

There are powers granted under Article 279A(4)(f) of the constitution, the GST Council can levy a special tax during any natural calamity or disaster. In order to raise additional revenue from GST, central government was considering imposing a Calamity Cess on GST @ 1% to tide over the economic crisis.

How are Dividends Taxed?

Deepesh Jagwani 25 May 2020 at 10:10

Finance Act 2020 abolishe dividend distribution to tax shifts the burden of tax on dividend over the shareholders. Finance Act proposes for moving towards classical system of taxing dividends in the hands of shareholders/unitholders. The dividend is income in the hands of shareholders and not a company. Therefore, the incidence of tax should fall on the shareholders.