CAclubindia Articles
Calculation of Tax Exemption on LTA
In an earlier post we looked at the conditions governing tax exemption on leave travel allowance (LTA). In this post we will look at the calculation of the tax exemption amount. As mentioned in the earlier post, the exemption is available only on tra
Right Issue - Practical Aspects
What will be the effect on issue of right shares? Why it is not issued in market directly? Will the shareholders be at any profit/loss? Let us move by defining it and the case onwards.What is right issue of shares?Right shares are simply the shares i
Internal Audit and Risk Management
Internal Audit and Risk Management Whether Synonyms or something else. By CA Jai Prakash Agarwal M.Com, LL.B, ACMA, ACA, ACS, DISA (ICAI), DIRM (ICAI), UGC NET What is Risk Management? Risk management once a jargon has become a much kno
Inflation Cost - Allowability under Business Head of the Income Tax Act,1961
Sri S.S.Tarapore, retired Dy. Governor , Reserve Bank of India, and a popular columnist in The Hindu Business Line, Eenadu dailies time and again requests the RBI authorities to do justice to the poor depositors by payi
Cenvat Credit Rules from scratch Part-2
Hello friends, Greetings of the day to you all!!In continuation with the previous article the next part is ready .so lets begin discussing the remaining topics.. The link for first part Q-1 What are the timing, manner a
Tax Exemption on Leave Travel Allowance
As a company engaged in the business of payroll processing and statutory compliance related to payroll, we wonder if the tax law governing tax exemption on Leave Travel Allowance (LTA) is among the most complex tax legislations in India. Each year or
Income Tax Short Notes: A summary
INCOME TAX FOR C.S.EXAM DEEMBER 2013Heads of Income:Income of a person is classified into 5 categories. Thus, income belonging to a particular category is taxed under a separate head of income pertaining to that category. Section 14 of the Act, has
Different Committees as per the Companies Act, 2013
The historic Companies Bill which had received the Presidents assent on 29th August, 2013 became the Companies Act, 2013, (hereinafter the new Act) by notification in the Official Gazette, on 30th August, 2013. Furthermore, the M
HRA a tool of tax planning: Queries
Few days back ( on 13th Nov 2013)I posted an article on exemption from house Rent allowance House Rent Allowance-A tool of Tax planning for employees Really I feel very happy to see the responses to the article and good to know that pe
Making Money out of Forex and IR Swaps
Arbitration in ForexArbitration in forex is the possibility that the profit can be made out of exchange trading on the basis of forward rate and prevailing interest rate in 2 different countries.Profit can only be made if returns made by borrowing fr
Popular Articles
- Post Office Interest Rates From October 2026: Check the Latest Rates of All Schemes
- Post Office Fixed Deposit Interest Rates: Latest Update for October 2026
- Minimum Balance in SBI Savings Account Rules 2026: How Much Balance Do You Need?
- New UPI Rules Starting From 15th October 2026: Complete Fee Structure for Transactions
- ITR Refund Time for AY 2026-27
- Tax Audit Deadline AY 2026-27: Penalty for Missing 30 September and Why an Extension Request Isn't an Extension
- TDS on Purchase of Property: New Reporting Rules From 1st October 2026
- TDS on Contractor for FY 2026-27: Rates, Limits, New Rules, Examples & Compliance Guide
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
