CAclubindia Articles

Startup recognition and deduction u/s 80-IAC and exemption u/s 56(2)(VIIB) of the act

Posted by CA Varsha Nanwani 24 April 2024 14833 Views

To promote new startup and make in India, government has taken several initiatives to give benefit to startup and attract fresh fund in startup business. Hereby...

Section 80E - Income Tax Deduction for Interest on Education Loan

Posted by VISHAL BANSAL 24 April 2024 13880 Views

Introduction-Section 80E allows deduction in respect of payment of interest on loan taken from any financial institution or any approved charitable institution ...

Do You Have A Demat Account: Check Whether Tax Is Applicable On You For FY 23-24

Posted by Mitali 24 April 2024 1254 Views

Tax is applicable if transactions like buying and selling of shares are made through the demat account.

Know Contrasts between Government and Public Limited Company

Posted by Ishita Ramani 24 April 2024 372 Views

Here, I shall define government firms and public limited companies in this blog post, along with their differences.

High Net Worth Individual's Tax Rates and Exemptions For FY 23-24

Posted by Mitali 23 April 2024 3518 Views

High-net-worth individuals (HNIs) are rich members of society who have significant financial resources.

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

Posted by Pranab Banerjee

23 April 2024 27044 Views

Salary arrears are understood as unpaid wages of the previous period accrued in the current year. There may be a subsequent revision of the employee's wages or a disputed wage which is then issued by the employer.

Income Tax For Senior Citizens FY 2023-24

Posted by Priya Mulukutla 23 April 2024 110120 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