CAclubindia Articles

COVID19 related FAQ's on CSR Contribution by MCA

CS Lalit Rajput 11 April 2020 at 12:41

Contribution to Chief Minister Relief Fund's shall not qualify as CSR activity as per the latest FAQs released by MCA.

TDS Section 194J of the Income Tax Act

Dinesh Singh 11 April 2020 at 11:13

As per the amendment to TDS section 194J of the Income-tax Act, 1961 TDS on technical services will be charged at 2%.TDS Section 194J deals with provisions related to fees on professional and technical services.

Analysis of MCA Circular on passing ordinary and special resolution amid COVID-19 outbreak

DEEPAK SETH 11 April 2020 at 11:13

The Ministry of Corporate Affairs is fully cognizant of the difficulties faced by the companies on account of ongoing nation-wide lockdown and social distancing due to COVID-19.

COVID-19: How is lockdown treating Chartered Accountants?

CCI Team 10 April 2020 at 17:30

Chartered Accountants told that collecting overdue payments from clients amidst the COVID-19 outbreak is challenging during the lockdown period. Some of them admitted that CAs are not technically efficient to work from home.

Composite and Mixed Supply under GST

CA Sudhir Halakhandi 10 April 2020 at 13:55

Composite Supply and Mixed Supply differ from one another. Composite supply means the supply of two or more goods naturally bundled together. Mixed supply means two or more individual supplies of goods or services, or any combination thereof, made in conjunction with each other.

Assignment or transmission of trademarks

FCS Deepak Pratap Singh 10 April 2020 at 11:32

We can trace development and use of Trade Marks from the days of industrial revolution. This was the face during which trade and commerce were at the top and world got an environment of good business practices. In industrial revolution era, various products had been developed, various innovations had been made. The industrial exploitation of various new goods was at top.

Economic boost post-pandemic

Yash Porwal 10 April 2020 at 11:32

It is said that with great disaster comes a great downfall. As we are currently going through the biggest disaster of all times, we all are well aware of how the economy is going to react once such a situation is under control and the biggest challenge, we will be facing is how to revive the economy.

CA final preparation strategy June/July 2020 - Golden opportunity to bounce back

Rohan Deshmukh 10 April 2020 at 11:32

CA final preparation strategy June/July 2020 - Golden opportunity to bounce back

GST on Directors Remuneration

Rohit Kumar Singh 10 April 2020 at 10:37

There is no need to pay GST on remuneration paid to directors. If the director and the Company have entered into an agreement/Contract and the director is engaged in full-time employment of the Company. an advance ruling is not applicable to similarly placed other taxable persons in the State. It is only limited to the person who has applied for an advance ruling.

New era of taxation for charitable trusts

Deepak Jain 10 April 2020 at 10:36

This year the Taxman has come with a substantial overhaul having regard to the taxation of the Trusts, Societies, NGOs etc. i.e. Charitable Trusts including edu..