CAclubindia Articles

Sold Gold Jewellery Worth Rs.25 Lakh to Buy a House: Is Tax Applicable For FY 2025-26?

Posted by Chaitra Seetharam 16 June 2025 2899 Views

Under the Income Tax Act, 1961, gold jewellery is classified as a capital asset. This means any profit earned from its sale is taxable as capital gains, depending on how long you held it.

NBFC Compliance: Key Registrations After RBI Approval

Posted by Affluence Advisory 16 June 2025 199 Views

Newly registered NBFCs: Discover essential post-RBI approval registrations like CIC, CKYC, CERSAI, and FIU-IND to ensure smooth operations and legal compliance....

AI in Accounting: Revolutionising Finance & Roles

Posted by workspacetool.com m 16 June 2025 6375 Views

Discover how AI is transforming accounting with faster processing, enhanced accuracy, and real-time insights. Learn how accountants' roles are evolving, not disappearing.

LUT under GST for Export of Services - Complete Guide to Zero-Rated Supply Compliance, Rule 96A Conditions & RFD-11 Filing

Posted by CA Varun Gupta 16 June 2025 2308 Views

This article provides a comprehensive overview of "Export of Services" under the GST regime, with a focus on the legal definition, compliance requirements, and the mechanism of filing Letter of Undertaking (LUT) for exporting without payment of IGST.

Section 80TTB: Tax Relief on Interest Income for Seniors

Posted by Shreyans Panchal 15 June 2025 19 Views

Seniors aged 60+ can claim up to ₹50,000 tax deduction on interest income from banks & post offices under Section 80TTB. Learn how to claim!

Section 80CCH: Tax Benefits for Agniveers AY 2025-26

Posted by Chaitra Seetharam 15 June 2025 35 Views

Discover Section 80CCH tax benefits for Agniveers. Claim full deductions on Seva Nidhi contributions & payouts. Learn more for AY 2025-26.

What is Section 206CQ?

Posted by Neethi V. Kannanth 14 June 2025 454485 Views

Description about Section 206CQ in Form 26AS states that it deals with collection of Tax at source for remittances made under the Liberalised Remittance Scheme. 206CQ is nothing but a TCS deposit challan code.

TDS on Hotel Accommodation

Posted by Ashish Bansal 14 June 2025 571423 Views

There are lots of questions related to TDS deduction on Rent. Though section 194I of Income Tax Act, specifically defines the situations where tds would be appl...