CAclubindia Articles

Statutory Tax Compliance Tracker - August 2024

Posted by CS Lalit Rajput 07 August 2024 1100 Views

Statutory Tax Compliance Tracker for the m/o August 2024

Filing Income Tax Return for 2-3 years at once: ITR-U explained

Posted by CA Aditya Tulsyan 07 August 2024 1159 Views

Filing income tax returns for 2-3 years back is not very common, but some people need to do it for various reasons, such as visa applications, university admissions, job applications, etc.

Relief for Home Buyers: Key Points on the Finance Bill and Budget Proposals

Posted by Sachin 07 August 2024 1252 Views

This article lists the developments that are crucial for home buyers as they navigate the evolving tax landscape and plan for potential financial impacts.

TDS Amendments in Budget 2024

Posted by CA Ekta Thacker 06 August 2024 4812 Views

The Budget 2024 introduces significant updates to TDS (Tax Deducted at Source) provisions, effective October 1, 2024. These changes are designed to streamline tax administration and adjust rates across various categories.

Any claim not included in Resolution Plan shall be extinguished: Supreme Court

Posted by FCS Deepak Pratap Singh 06 August 2024 463 Views

Once a Resolution Plan is approved by the Adjudicating Authority, the same, irrespective of whether or not they participated in the CIRP, binds all creditors and any claims not forming part of the approved Resolution Plan shall stand extinguished.

Big Relief for Taxpayers: Budget 2024 Proposes New Section 128A to Waive GST Interest and Penalties

Posted by CA Umesh Sharma 05 August 2024 2831 Views

The Hon'ble Finance Minister has recently presented the budget for 2024, which has brought about many proposals of changes in the Tax laws, there have been talks about the proposed insertion of a new section, Section 128A, in the GST laws.

Angel Tax Removal: A Boon for Startups?

Posted by CA Aditya Tulsyan 05 August 2024 797 Views

The recent announcement by Finance Minister Nirmala Sitharaman to abolish the so-called "Angel Tax" has been widely welcomed by the startup ecosystem. Before celebrating, it's essential to understand what this move means, its benefits and any potential downsides.