CAclubindia Articles

Auto Calculate Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25

Pranab Banerjee 03 April 2023 at 08:59

The Minister of Finance has announced a new tax regime in the 2020 budget, including additional tax brackets and lower tax rates. Many taxpayers had long requested it, but it came with the condition that all deductions and deductions allowed under the old tax system would be revoked.

Auto Calculate Income Tax Preparation Software for all salaried persons for FY 2023-24 & AY 2024-25

Pranab Banerjee 03 April 2023 at 08:49

According to the actual Tax Slab on your total income found under the old or new tax system, each salaried employee will be subject to tax. Payroll employees must file income tax returns at the beginning of the 2023-2024 tax year because, after various deductions, income tax is calculated based on various tax brackets.

Implementation of Audit Trail software

CA Sanat Pyne 03 April 2023 at 08:45

An Audit Trail is a chronological record of all the events or transactions that have occurred within a particular system or process. It is used to track changes to data and document who made those changes, when they were made, and why.

Important Notifications issued in GST effective from 1st April 2023

CA Harshit Goyal 01 April 2023 at 10:22

The Government of India has recently issued notifications related to the Central Tax system in India, effective from April 1, 2023. These updates cover a range of topics, from late fees for certain returns to changes in registration and assessment procedures. In this article, we'll summarize these updates and what they mean for taxpayers in India.

New Income Tax Rules w.e.f 1st April 2023

Harsh Kaushik 01 April 2023 at 09:42

The Government has made some new rules which are applicable from 1st April 2023 i.e from the new financial year

Section 194IA: Understanding TDS on Immovable Property

CA Sanat Pyne 01 April 2023 at 09:00

Section 194IA of the Income Tax Act governs the TDS deduction on the transfer of immovable property. In this article, the author will discuss the provisions and implications of this section in detail.

Benefits and Drawbacks of Dematerialization of Shares

Shweta 01 April 2023 at 09:00

The process of dematerialization of shares, also known as Demat, refers to the conversion of physical share certificates into electronic form. This process has..

Shops and Commercial Establishment Acts for States of Karnataka and Delhi

Harsh Jain 31 March 2023 at 14:43

Compliances, Registration, Registers and Returns under Shops and Commercial Establishment Acts for State of Karnataka and Union Territory of Delhi

Is UPI still free or not?

CA Rakesh Ishi 31 March 2023 at 13:19

UPI, which stands for Unified Payments Interface, is a digital payment system that allows individuals to transfer money instantly from one bank account to another in India. UPI has become increasingly popular due to its many benefits, including being free, fast, secure, and seamless.

Statutory Tax Compliance Tracker: April 2023

CS Lalit Rajput 31 March 2023 at 09:45

Tax Compliance Tracker for the month of April 2023