CAclubindia Articles

Income Tax Rates Slab for FY 2023-24 (AY 2024-25)

Ishita Ramani 17 April 2023 at 17:40

If you are searching for information on the Income Tax slabs and rates applicable for the financial year (FY) 2023-24 or Assessment year (AY) 2024-25 in India, this article can assist you in discovering the Income Tax slab for FY 2023-24, as well as details on the old and new tax regime.

ITC in case of motor vehicle including blocked credit

Divyanshu Sharma 17 April 2023 at 10:13

1) Motor Vehicle used for transportation of Persons(A) ITC is blocked for motor vehicles have approved seating capacity ≤ 13 persons (including the driver)IT..

Section 16 of CGST Act 2017: Eligibility and conditions for taking ITC

Harsh Kaushik 17 April 2023 at 10:03

Section 16 of CGST ACT 2017 talks about Input Tax Credit mechanism, which allow Taxpayers to offset the GST Input Tax Credit with the GST Output Tax Liability. This helps in avoiding the cascading effect of taxes and promote seamless flow of credit through the entire supply chain.

When Indian Companies are treated as Foreign Companies

Ekta Ahlawat 17 April 2023 at 08:58

In this article, the author shares with you all the applicable provisions on Foreign Company.

Digitization: A revolution in Indian Taxation

Ayush Vats 17 April 2023 at 08:58

Digitization has sparked a revolution in the Indian Income Tax Department, providing a multitude of benefits to both taxpayers and the government. With the advent of digitization, the Income Tax Department has made significant progress in modernizing various tax-related processes.

Guide to Filing Income Tax Return for Freelancers and Self-Employed Individuals in FY 22-23

Rashmi 17 April 2023 at 08:58

Here are some points to keep in mind while filing a tax return as a freelancer or self-employed individual

Sample Format for Creditors Confirmation

CA Ramanujan Sharma 17 April 2023 at 08:57

In this article author has discussed about the External confirmation and shared the sample format for obtaining Creditors Confirmations

GST Amnesty Scheme notified by government

CS Lalit Rajput 15 April 2023 at 09:52

The government has notified amnesty scheme for small businesses, non-filers of final returns, and taxpayers whose Goods and Services Tax (GST) registration has ..

Section 68 of CGST Act 2017: Inspection of goods in movement

Harsh Kaushik 15 April 2023 at 09:30

Section 68 talks about the person in charge of a conveyance carrying any consignment of goods of value exceeding such amount as may be prescribed to carry with him such documents and such devices as may be prescribed.

Section 80GG of Income Tax Act

Pranab Banerjee 15 April 2023 at 07:04

One of the most important tax deductions available to us is the rent on the house. This is covered by Section 80GG of the Income Tax Law. This is especially helpful for employees who do not receive a rental housing allowance (HRA) from their employers.