CAclubindia Articles

How to take maximum tax advantage of House Rent Allowance (HRA)?

Posted by Deepak Nagori 27 July 2020 77657 Views

Maximum Tax Advantage of House Rent Allowance (HRA)House Rent Allowance (HRA) is provided by an employer to his employee to meet the rental cost of the residential house of the employee.

All About TDS Saving Forms 15G & 15H

Posted by Palak Aggarwal 02 January 2014 160493 Views

Form 15G and Form 15H are self declaration forms required to be furnished by the Assessee to his banker to avoid the tax deducted at source (TDS) on his/her investments.As per Section 194A of the Income Tax Act, 1961, all banks and financial institut

Investing in Mutual Funds and its Tax Implications

Posted by CA Surbhi Singhal 02 January 2014 36676 Views

Hello readers. Greetings of the season! As the New Year has arrived, some of us have resolved to indulge in disciplined financial planning in an effort to achieve our financial goals. By means of this article, I aim at helping

Compounding of offence in Company Law 1956

Posted by sachin pathak 02 January 2014 20421 Views

621. OFFENCES AGAINST ACT TO BE COGNISABLE ONLY ON COMPLAINT BY REGISTRAR, SHAREHOLDER OR GOVERNMENT(1) No Court shall take cognizance of any offence against this Act, which is alleged to have been committed by any company or any officer thereof, exc

Accounting Standard Simplified Part-1

Posted by CA Pallav Singhania 02 January 2014 66816 Views

AS-1 Disclosure of Accounting Policies Significant Accounting Policies followed in preparation of accounts be disclosed at one place along with the financial statements. Any change and financial impact of such change should be disclosed. If

Section 135 of Companies Act-2013 CSR

Posted by CA. Jagdish Sitapara 02 January 2014 127857 Views

Corporate Social ResponsibilityUnder The Companies Act - 2013 Section 135 Applicability: Every company having:-Net worth of ` 500 crore or more, orTurnover of ` 1000 crore of more, or Net profit of ` 5 crore or more,During any financial year shall c

The Anatomy of Controls

Posted by Nishanth 18 May 2021 15700 Views

This was first posted on my website www.theauditschool.com. Every step I take in learning new things about internal controls, audit or risk management, I like to take two steps back to see the basic concepts which I have learnt years back and see

All about Home Loan

Posted by CA Hardik Mehta 02 January 2014 34111 Views

1. For what purposes can I seek a first time home loan?You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for

Inflation can indeed be brought down

Posted by CA Anil Garg 02 January 2014 15205 Views

Ever rising food prices have been hurting everybody in India for last several years, taking sheen out of otherwise spectacular economic growth so much that darling of the world recently during President Obamas visit a few years ago has become

Income Tax on Buyback of Shares

Posted by sudhir.kochhar 17 April 2024 312591 Views

What do you mean by Buy Back of shares?ANSWER: Concept of Buy-Back of SharesThe concept of buy-back is a recent one so far as India is concerned. The Companies Amendment Act, 1999 introduced the concept of buy-back of shares.Buy-back of share