CAclubindia Articles

Taxation of Immovable Property Sales by Non-Residents in India

Posted by CA Arun Tiwari 23 April 2024 426 Views

Understanding the details of selling immovable property as a non-resident is crucial when it comes to taxes. Immovable property, commonly known as real estate, includes land, buildings, and permanent fixtures attached to the land. For non-residents looking to sell such assets in India, understanding the tax implications is vital.

Understanding the Scope of Accounting

Posted by Ishita Ramani 23 April 2024 317 Views

Accounting covers a wide range of industries, including trade, business, government, financial institutions, private citizens, and all other sectors. The accounting concept governs all activities.

ITC on Motor Vehicles under GST: A Detailed Analysis

Posted by CA. Bhavik P. Chudasama 22 April 2024 13106 Views

This article delves into the eligibility of ITC on motor vehicles, with a particular focus on exceptions for vehicles exceeding 13 seating capacity and the scenario of renting motor vehicles.

Issue And Redemption Of Preference Shares : Section 55 Of The Companies Act, 2013

Posted by Neha Redekar 22 April 2024 101220 Views

Preference shares are those shares which has priority over the equity shares in payment of dividend. These shares not only have a preferential right to receive dividends but also repayment of capital on winding up.

Section 194K: TDS on Mutual Fund Income

Posted by Mayank Mandora 22 April 2024 3624 Views

FM Nirmala Sitharaman proposed the addition of Section 194K in the Union Budget 2020. This section includes a tax deduction on the amount paid on the units of mutual funds.

Who is our "Sankatmochan" during Financial "Sankat"?

Posted by CA Umesh Sharma 22 April 2024 914 Views

We'll be celebrating Hanuman Jayanti, honoring Lord Hanuman, known as Sankatmochan, the one who removes troubles. With his incredible strength and devotion, he has always been a symbol of hope during difficult times. Today, in our lives, especially when we face money problems, who acts as our Sankatmochan?

Gratuity : How to calculate your eligible amount?

Posted by Priya Kashyap 22 April 2024 13335 Views

Gratuity is defined as a sum of money that is paid to the employee over and above the decided salary at the time of his retirement. It is paid

Intimation u/s 143(1) of the IT Act

Posted by Mitali 22 April 2024 1814 Views

Intimation under Section 143(1) is a notification which is sent from the IT Department after processing a taxpayer's income tax return. Usually, it informs the taxpayer about any discrepancies between their filed return and the department's computation.

Gold Price is shining - Know the reasons

Posted by Affluence Advisory 22 April 2024 590 Views

Gold operates under the fundamental price dynamics of supply and demand, similar to other capital markets. However, the couple of underlying factors influencing these dynamics are often more distinctive and can be both rational and irrational.

Various Types of Trusts and their Importance

Posted by Ishita Ramani 22 April 2024 380 Views

Trusts serve several functions and are a vital component of the Indian legal system. A legal arrangement known as a trust designates a trustee to hold assets on behalf of beneficiaries. There are various types of trusts with distinct functions in India. The six distinct categories of trusts in India will be covered in this article.