CAclubindia Articles

Depreciation under Income Tax Act: How to calculate depreciation on the WDV of a Block of assets?

Khush Trivedi 27 May 2024 at 11:53

Depreciation is calculated annually based on the two methods. Check out the two methods to calculate depreciation.

SPOM Exam Insights and Key Tips for CA Final Nov 2024 Aspirants

Priya Mulukutla 27 May 2024 at 11:14

CA Rohit Ruwatia Agarwal, Central Council Member of ICAI updated that the SPOM exams had started on 25th May 2024, with the first day recording 66 students registering at 22 centres and 43 of them passing giving us a 65% pass percentage.

Unlocking Opportunities: The Importance of DISA for Practicing Chartered Accountants

CA Pallav Singhania 27 May 2024 at 08:44

Understanding the importance of staying ahead in this digital transformation journey, let's delve into the significance of the Diploma in Information System Audit (DISA) and why it's essential for practicing chartered accountants.

Comprehensive Guide to Provisions of Managerial Remuneration

Affluence Advisory 27 May 2024 at 08:44

Salary and other benefits provided to managers in exchange for their daily efforts to improve the company's performance are known as managerial remuneration (MR). To calculate Managerial Remuneration, we consider any salary and other perks drawn by Directors, Managing Director and Whole-Time Director, Managing Director and Managers (Directors).

GST Audit: A Comprehensive Overview

CA Anoop Kumar Sharma 25 May 2024 at 14:16

In this article we discuss a comprehensive overview that delves into the initiation, timeline, and methodology of GST audits, shedding light on practical considerations.

Planning Your Return or Retirement in India: A Comprehensive Guide for NRIs

CA Arun Tiwari 25 May 2024 at 08:40

This guide will help you navigate the process of returning or retiring in India, providing valuable insights.

How much income tax can be saved if your annual income is above 10 lakhs

Priya Mulukutla 24 May 2024 at 14:06

How to Save Tax if Salary is Above 10 Lakhs: know the rate, exemptions and calculation for filling your return.

Different Grounds in Show Cause Notice and Order in Indian Indirect Tax and GST Law

Abhishek Raja 24 May 2024 at 08:44

A Show Cause Notice (SCN) is a preliminary document issued by tax authorities to a taxpayer when there is an alleged non-compliance or violation of tax laws.

Best Judgement Assessment - A Thoughtful Analysis!

Leena TheRaja 24 May 2024 at 08:38

Section 144 of the Income Tax Act outlines the procedure for making assessments when a taxpayer fails to fulfill certain obligations, such as submitting returns or complying with notices issued by the Assessing Officer.

Do you know the UPI Transaction Limit for FY 24-25

Mitali 23 May 2024 at 17:41

UPI transaction limit is ranging from Rs. 25,000 to Rs. 1 lakh. Payments related to educational institutions and healthcare, limits has been increased. Know here the full UPI Transaction Limit for FY 23-24