CAclubindia Articles

What Are the Advantages of Tally ERP 9 for Payroll Management?

Posted by vishal dharmadhikari 18 May 2024 391 Views

This article explores the key advantages of using Tally ERP 9 for payroll management.

Is trading possible without paying tax?

Posted by Khush Trivedi 17 May 2024 1249 Views

According to Times of India the investor base has seen more than 3x jump in the last five years, facilitated by rapid growth in digitization, rising investor awareness, financial inclusion, and strong market performance.

New Tariff Walls

Posted by Affluence Advisory 17 May 2024 327 Views

Since 2018, an economic rift has persisted between China and the United States (US), spurred by a revision in the foreign economic stance under President Donald Trump's administration.

Legal Status and Ethical Considerations Surrounding Animal Welfare: An Evolving Landscape

Posted by CA Gyati Gupta 17 May 2024 272 Views

In the annals of legal history, the treatment of non-human entities, particularly animals, has undergone a profound evolution. Once considered liable for their own actions and subject to punishment for wrongdoings, today's legal landscape offers a markedly different perspective.

Section 80GG of Income Tax Act

Posted by Pranab Banerjee

16 May 2024 8741 Views

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.

Section 194J: Fees for professional or technical services

Posted by Chetan Chauhan 16 May 2024 9487 Views

Section 194J of the Income Tax Act pertains to the TDS on fees for professional or technical services. According to this section, any person, including an individual or a company, who is responsible for paying to any sum as fees for professional or technical services, is required to deduct TDS.

Rent Receipt with Revenue Stamp

Posted by Mitali 16 May 2024 38941 Views

A rent receipt is an important document provided by a landlord to a tenant as proof of payment for rent

Transactions Reporting under SFT

Posted by CA Anoop Kumar Sharma 16 May 2024 2798 Views

SFT is a mechanism for monitor high-value transactions conducted by Assessee/customer; a significant regulatory measure was introduced with the inception of Form 61A under Section 285BA, effective from April 1, 2004, as per Notification No. 182/2005 dated July 11, 2005.

Income Tax India's AIS Upgrade: A Closer Look at New Functionalities

Posted by Abhishek Raja 16 May 2024 1807 Views

The Income Tax Department has now upgraded the AIS functionality, allowing taxpayers to track the confirmation status of information reported by sources like banks. This new feature aims to increase transparency by displaying if the source has accepted or rejected feedback on incorrect data in the AIS.

International Taxation: Taxation of Non-residents Shipping Business-Section 44B of the Act

Posted by CA Mehul Thakker 15 May 2024 5498 Views

In this article, CA Mehul Thakker explains the concept of International Taxation with regard to the Taxation of Non-residents Shipping Business in Section 44B of the Income Tax Act.