CAclubindia Articles

Private Placement- Section 42

Posted by Neha Redekar 07 January 2021 11087 Views

Private Placement means any offer of securities or invitation to subscribe securities to a selected group of persons by a company

Which ITR to file? Know the Correct Income Tax Form

Posted by CA Shubhi Khandelwal 06 January 2021 13125 Views

Depending on the type of income, the category the taxpayer falls under (Individual, HUF, Company etc.), and the income that the taxpayer makes, there are different types of Income Tax Returns (ITR) Forms which needs to be filed.

Due date Extension put Taxpayers under Duckworth Lewis Situation

Posted by CA Umesh Sharma 06 January 2021 21495 Views

In this article, we compare the situation of the taxpayers and professionals to the "Duckworth Lewis" Rule in which due to rain or other interruptions, more runs have to be made in fewer balls. This is with regard to the due date extension made by the government.

All about Quarterly Return Monthly Payment (QRMP) Scheme

Posted by CA Robin Garg 06 January 2021 3717 Views

Quarterly Return Monthly Payment scheme (QRMP) is a scheme to file returns on a quarterly basis but making payments on a monthly basis, which will lead to reducing the burden of return filing compliance.

If your Equity Portfolio is not Globally diversified, you are taking undue risk which may not payoff

Posted by CA Aaditya Chhajed 06 January 2021 930 Views

In this article, we ponder over the points while investing in equity, reasons for the globally diversified equity portfolio, and how you are taking an undue risk that may not pay off if your equity investment is not globally diversified.

No extension of CFSS 2020 & LLP Settlement Scheme and Its Impact

Posted by Bidisha 06 January 2021 22137 Views

In this article, we understand all about the CFSS 2020 and LLP Settlement Scheme including its various benefits, highlights, and the consequence of not extending these schemes.

Charitable Trusts and NGO - Income Tax Audit and Benefits Available

Posted by Neethi V. Kannanth 06 January 2021 13371 Views

In this article, we understand the criteria for Tax Audit and benefits available in the case of Charitable Trusts and NGO, including their taxable income, exempt income, investment of accumulated income etc.

Procedure to Alter Object Clause of Company

Posted by Jasmeen Marwah 06 January 2021 5220 Views

After incorporation there may come certain situations where the company has to add/delete some objectives, mainly for expansion of business. Thus, there are few steps which need to be followed in case of any change made in Objective Clause of MOA (also refer section 13 of Companies Act, 2013).

TCS on sale of goods- Section 206C(1H)

Posted by CA Alexandar Gazi 06 January 2021 20851 Views

Every seller of goods shall collect TCS @0.1% from buyer. Where buyer can’t provide PAN or Aadhaar Number to the seller TCS shall be collected @1% instead of 0.1%.