CAclubindia Articles

Chennai's Property Tax Hike: GCC Approves 6% Increase

Posted by Niyati 28 September 2024 504 Views

The Greater Chennai Corporation (GCC) council on 27th September 2024, approved to raise property tax at a rate of 6%.

Important Changes From 1st October 2024 In PPF Rules

Posted by Mitali 28 September 2024 5660 Views

PPF is a government scheme in India designed to encourage long-term savings investments.

Financial Concurrence in Public Sector Undertakings (PSU)

Posted by CA S K Mishra, FCA, FCMA , MBA 28 September 2024 1155 Views

In Public Sector Undertakings, powers are delegated to the officers by the management as per departmental guidelines. Financial concurrence power is exercised by officers within an organisation as per Delegation of Power (DOP).

What are Key Financial Indicators that Influence Credit Rating?

Posted by J. D. Shah Associates 28 September 2024 659 Views

Here, we will explore key financial indicators that professionals and entrepreneurs should focus on to influence their credit ratings positively

Role of the Board of Directors in Share Transfer and Transmission of Shares

Posted by Ishita Ramani 28 September 2024 206 Views

This article delves into the obligations and features of the Board concerning the Transfer and Transmission of Shares

How to Claim Capital Gain Tax Exemption on Redevelopment Projects?

Posted by Chaitra Seetharam 27 September 2024 3298 Views

Section 45 of the Income Tax Act, 1961, provides that any profits or gains arising from the transfer of a capital asset effected in the previous year will be chargeable to income tax under the head 'Capital Gains'.

Income Tax Department's Eye on High-Value Credit Card Transactions

Posted by Sahil Jaiswal 27 September 2024 8505 Views

The Income Tax Department of India has been increasingly monitoring high-value credit card transactions as part of its efforts to curb tax evasion and ensure better tax compliance.

GST on Lease/Rental Transactions

Posted by CA S K Mishra, FCA, FCMA , MBA 27 September 2024 1635 Views

A lease is a contractual arrangement between owner (lessor) & user (lessee) whereby one party, the lessor, grants the right to use a particular assets (such as a parcel of land, building, equipment, or machinery etc.) for a specific period and under specified conditions to the other party, the lessee.

GST On Real Estate Sector: An Analysis

Posted by Ashok Pitroda 26 September 2024 778 Views

Since the implementation of GST in India, the real estate sector has undergone significant changes. The GST rates on real estate vary depending on the type of property and its stage of completion.

Deadline Alert: Income Tax Audit Submission by September 30

Posted by Chaitra Seetharam 26 September 2024 3626 Views

Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get their accounts audited under Section 44AB of the Income Tax Act.