CAclubindia Articles

Impact of Budget: Plan your International Tour before 31st March,2020

Suyash Tripathi 26 February 2020 at 10:17

If you are planning a foreign tour this year, you can do that before April 1 to avoid paying an additional 5%/10% as TCS as Budget 2020 proposed by Finance Mini..

Beware! No Entry for false entry in Income Tax and GST!!

CA Umesh Sharma 25 February 2020 at 10:19

Several cases of fraudulent claim input tax credit (ITC) have been caught by the GST authorities. Considering the same, in Union Budget 2020 it has been proposed to take massive steps to curb issuance of fake invoices. To curb issuance of fake invoices, New penalty section 271AAD has been proposed to be inserted in the Income Tax Act through Finance Bill, 2020.

The Direct Tax Vivad Se Vishwas Bill, 2020 (Amended)

Amit Rai 25 February 2020 at 10:18

The Direct Tax Vivad Se Vishwas Bill, 2020 (Amended)

TCS on foreign travel, tours packages, remittance rules 2020

CA PIYUSH KAPOOR 25 February 2020 at 10:17

TCS on foreign travel, tours packages, remittance rules 2020

Who can avail Letter of Undertaking under GST?

Charmi Doshi & Co. 25 February 2020 at 10:05

Any registered person availing the option to supply goods or services for export without payment of integrated tax shall furnish, prior to export, a bond or a Letter of Undertaking in FORM GST RFD-11 to the jurisdictional Commissioner.

Liability of directors of private company in liquidation for payment of tax dues

FCS Deepak Pratap Singh 25 February 2020 at 10:05

Liability of directors of private company in liquidation for payment of tax dues

Request to PM to stop collecting interest on Gross GST Liability

Guest 24 February 2020 at 15:34

The FM in the Union Budget 2020 announced to amend section 50 of the CGST Act and collect interest on the Net GST Liability. However, a few days ago CBIC issued a clarification that the interest will be collected on the effect of such amendment will be prospective and not retrospective.

How to file an ITR on the New Income Tax Portal (Income Tax e-Filing)?

Vaishali Dhek 24 February 2020 at 12:27

ITR - How to file ITR - A complete step by step guide on how to e-file Income Tax Return on the New Income Tax Portal. Know all about ITR filing.

Impact of lease rentals and interest free deposits under Ind AS 116

Shashank Maloo 24 February 2020 at 10:29

Impact of lease rentals and interest free deposits under Ind AS 116

Applicability of Gratuity Act on teachers

Tikaram Chaudhary 24 February 2020 at 10:29

This article is prepared to create awareness among-st CA's, Accounting/Finance Personnel & Management of Schools about Supreme Court Judgment dated 07.03.2019 about Eligibility of Teachers in Schools for Gratuity Benefits under the 'Payment of Gratuity Act 1972'.