CAclubindia Articles
Format of Form DIR-2
In this article, we have provided a Format of Form DIR-2, which is the form that has to be filed while giving Consent to a person, to Act as a Director of a Company.
Measures to discourage Cash Transactions and to promote Digital Economy by CBDT
Sections 269SS and 269T which deals with cash payment and repayment of loans and deposits. Both the sections were introduced to curb the black money. Tax evasion is one of the serious problems in India causing economic disparities.
Types of Trades in Stock Exchange
Are you planning to trade in the Stock Market? Here are the different trading available in the stock market
Waiver of Late Fees of GSTR 3B: Recent Notifications
CBIC has issued Notification No. 57/2020 on 30.06.2020 to prescribe maximum amount of penalty if GSTR3B is filed up to 30.09.2020. The said relief is for both class of taxpayers i.e. taxpayers having turnover up to Rs. 5 crores or more than 5 crores.
Form GSTR 3B : Waiver or reduction of Late fees
CBIC has issued Notification No - 57/2020-Central Tax dated 30-06-2020 waiving/reducing late fees on filing of GSTR 3B for the months of May 20 to July 20 by 30th September 20.
Five Major Finance Changes effective from 01.07.2020
Know the five major changes in Finance that will be effective from the 1/07/2020
Tax implications of cancellation of shares pursuant to capital reduction
As per the Act, capital reduction to the extent of accumulated profits is treated as deemed dividend under section 2(22)(d). Consequently, DDT under section 115-O was paid by the company. Accumulated profits for this purpose shall include all profits of the company upto the date of such distribution or payment whether capitalised or not
Amendment to section 44AB in Budget 2020
Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his
Equalisation Levy - Most Vital Concept in International Taxation
This is perhaps the most vital concept in international taxation. Finance Act 2016 has brought a key change in the scope of international taxation. Finance act 2020 has further expanded the scope of equalisation levy.
GST me Naya Saal, Aur Taxpayer Behaal!
The year 2020 has seen a large number of false transactions & malpractices of the taxpayers. In order to curb malpractices used by taxpayers for tax evasion, the GST department is now implementing its new tools to brush out anomalies in the system.
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