CAclubindia Articles

ITR Forms under Income Tax Act 1961

Posted by Divyanshu Sharma 16 April 2024 17457 Views

Let's understand all types of ITR forms in detail.

High-value transactions in India: Tips for compliant tax filing

Posted by Rashmi 16 April 2024 3817 Views

The Income Tax Department in India monitors high-value cash transactions above a specific limit, and failing to disclose such transactions while filing Income Tax Returns (ITR) can lead to notices from the authorities.

Set Off and Carry Forward of Losses : An analysis

Posted by Neethi V. Kannanth 16 April 2024 8403 Views

If there is any loss under any head of income, the assessee can set off losses against income. Discussing the two ways of setting off losses against income i.e. through Intra-head and Inter-head adjustments.

Export of goods and non-realisation of consideration under GST

Posted by CA Roopa Nayak 16 April 2024 5908 Views

"Export of goods" as per Sec 2(5) of The IGST Act, 2017 with its grammatical variations and cognate expressions, means taking goods out of India to a place outside India.

GST Audits And Top 5 Practical Difficulties Faced By Taxpayers During Audit

Posted by CA Shruti Singhal 16 April 2024 7483 Views

GST audits are regularly undertaken by the department under Sec 65 of the CGST Act. These audits are conducted by the department either at their own premises or at the premises of the taxpayer.

Are Hotels Overpaying Taxes?

Posted by Khush Trivedi 16 April 2024 1135 Views

As we all are aware Hotel Industry is one of the dominating Industries in India Having Market size(2024) of 247.31 Billion USD & which will be around 475.37 Billion USD by 2029 with CAGR of 13.96%. Pre-GST Hotel industry need to pay municipal taxes (VAT, luxury tax, and service tax) under the previous VAT regime.

ITR Utilities for AY 2024-25

Posted by Khush Trivedi 16 April 2024 1822 Views

Let’s talk about the utilities provided by Income tax department to simplify the return filling process.

Automated Income Tax Calculator for FY 2024-25 for Non-Government Employees

Posted by Pranab Banerjee

16 April 2024 3150 Views

Download Automated Income Tax Calculator All in One in Excel for the Non-Government Employees for the FY 2024-25 as per the Budget 2024

Optimizing Efficiency: The Crucial Role of Integrating Inventory Accounting with Financial Accounting for SMEs

Posted by Sundaran.D 16 April 2024 226 Views

This holistic approach fosters a cohesive understanding of costs, revenues, and resource allocation, enabling SMEs to optimize their performance and adapt swiftly to evolving market dynamics for sustained competitiveness and growth.