CAclubindia Articles

Standard Deduction For Salaried Individuals FY 2023-24

Posted by Priya Mulukutla 06 March 2024 3313 Views

The standard deduction for salary income in India was abolished in the Finance Act of 2005-06. At that time, the standard deduction was removed as part of the government's efforts to simplify the tax structure.

RBI Directions on Filings of Supervisory Returns

Posted by Affluence Advisory 06 March 2024 1721 Views

The Reserve Bank of India has issued Master Directions on the 'Filing of Supervisory Returns' by all Supervised Entities on February 27, 2024. In this article, we will focus on the changes applicable to NBFCs.

Demystifying ITC Reflection: Asserting the Validity of ITC in GSTR-3B and Beyond

Posted by Vivek Jalan 06 March 2024 703 Views

Valid ITC cannot be denied merely due to Reflection in GSTR-3B. Availment of valid ITC in books, GSTR-9 and GSTR-2B is sufficient

Shareholding Rights of a Subsidiary in its Parent Company

Posted by Ishita Ramani 06 March 2024 353 Views

In this article, we will discuss the shareholding rights of a subsidiary company in its holding company under Section 19.

Form 10F and its Filing Procedure

Posted by CA.Sangam Aggarwal 06 March 2024 1076 Views

The CBDT notified Rule 21B prescribing the additional information that is required to be furnished by non-residents along with TRC in prescribing Form-10F.

Home Loan Tax Benefits For FY 2023-24

Posted by Priya Mulukutla 05 March 2024 2367 Views

The Income Tax Act has various provisions for an individual to take benefit of and claim deductions for tax purposes. These deductions are an incentive for individuals to make residential real estate purchases.

Income from House Property For FY 2023-24

Posted by Khush Trivedi 05 March 2024 5538 Views

Let's dive into one of the heads of Income tax i.e. Income From House property. In this article, you will learn about all Provisions & deductions that falls under the said Head.

Diving into Diligence: Simplifying the Essence of Due Diligence Across All Endeavors

Posted by Affluence Advisory 05 March 2024 254 Views

Due diligence is a comprehensive process in business transactions involving the exchange, review, and appraisal of confidential legal, financial, and other material information between parties before finalizing the transaction.

Stamp Duty on Transfer of Shares: An Overview

Posted by CS Divesh Goyal 05 March 2024 1610 Views

"Stamp Duty on Transfer of Shares in India" is the topic that this editorial will cover. From a business and professional perspective, this is a crucial issue. At the time of the share transfer, this article will be helpful for everyone.

Why NRIs Prefer Under-Construction Properties: Tax & Benefits

Posted by CA Arun Tiwari 05 March 2024 438 Views

In this article, we will delve into the reasons why NRIs find under-construction properties so appealing. We'll explore the taxation aspects involved and provide insights on how NRIs can navigate the intricacies of dealing with properties that are still in the construction phase.