CAclubindia Articles

Income Tax For Senior Citizens FY 2023-24

Posted by Priya Mulukutla 23 April 2024 110119 Views

There are several benefits in the Income Tax Act available for senior and super senior citizens to claim to reduce their tax burden.

Possession of material unearthed during search is prerequisite to invoke provisions of Section 153C of Income Tax Act

Posted by Affluence Advisory 23 April 2024 369 Views

In the case of a non-searched person, whose books of account or documents were found during the search (referred to as "other person"), an assessment is made under Section 153C of the Act.

Everything You need to about Filing ITR FY 23-24

Posted by CA Pallav Singhania 23 April 2024 2868 Views

As taxpayers in India gear up for another tax season, it's good to have the necessary knowledge to navigate the complexities of filing income tax returns for the financial year 2023-2024

Can Interest Income on Fixed Deposits be treated as capital receipts?

Posted by CA Aman Rajput 23 April 2024 1702 Views

In this article, the author is going to discuss the details of the case of Deputy Commissioner of Income-tax v. BTW Atlanta Transformers India (P.) Limited., by examining arguments in above case, and the tribunal's decision, which will help us in understanding the broader implications for the taxpayers as a whole

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 13111 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 101221 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?