CAclubindia Articles
Unclarity in the Proposed Amendment to Section 12AB in Budget 2025
Budget, 2025 proposed extending the validity of trust and institution registrations as per section 12AB from 5 years to 10 years. However, doubts are arising regarding its applicability across different categories of trusts and institutions.
Income Tax Returns: A Crucial Statutory Document for Compensation Calculation
The ITR (Income Tax Return), which is a statutory document, is required to be considered for the purpose of assessing the income of the deceased, which is inclusive of perquisites and allowances, in the light of judgment rendered by Hon'ble Apex Court in the case of Meenakshi v. Oriental Insurance Co. Ltd.
Due Date Calendar February 2025
Due Date Calendar for the m/o February 2025
Old vs. New Tax Regime: Which One is Better for You After Budget 2025?
The Union Budget 2025 has brought cheers on the face of the middle class and crores of people. Because you need not pay any tax if you are earning an aggregate of Rs. 12 Lakhs or less during financial year on fulfillment of some terms and conditions.
Income Tax Exemption 2025 for Salaried Individuals: How to Maximize Your Savings
Income tax exemption is a treasured tool for salaried individuals to lessen their taxable profits and maximize savings. The Income Tax Exemption 2025 provisions provide diverse deductions and exemptions designed to ease the tax burden on taxpayers.
From Parliament House to Fort
The Government Budget was fiscally prudent and has not deviated from fiscal consolidation and its target. This budget has been cheered by tax-paying individuals, but the markets have given it a neutral view.
RBI Cuts Repo Rate by 25 bps to 6.25%: Implications for the Economy
The Reserve Bank of India have announced a 25 basis points cut in the repo rate, bringing it down to 6.25% from 6.5%, this even resulted a fall in stock market....
LLP vs Pvt. Ltd: Registration Process and Compliance Comparison
Choosing between a Limited Liability Partnership (LLP) and a Private Limited (Pvt Ltd) Company is critical for entrepreneurs.
FAQs on Principal Purpose Test (PPT) and Recent Clarifications by CBDT
The Principal Purpose Test (PPT) is a provision under the Multilateral Instrument (MLI) to prevent treaty abuse and aggressive tax planning practices. It aims to ensure that treaty benefits are granted only when the principal purpose of a transaction or arrangement is genuine and not merely to obtain treaty benefits.
What is Book Identification Number in TDS?
The Book Identification Number, also called BIN, is a unique reference number generated by the Pay & Accounts Office, District Treasury Office, or Cheque Drawing & Disbursing Officer when filing Form 24G, which is used by government deductors for depositing TDS/TCS to track Tax Deducted at Source and Tax Collected at Source payments made by government offices without the challans.
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