CAclubindia Articles

What Makes TallyPrime a Game-Changer for Businesses?

Posted by vishal dharmadhikari 16 March 2024 508 Views

Managing finances, inventories, and compliance is tough in today's fast-paced corporate world. TallyPrime, the latest from Tally Solutions, simplifies business processes, helping firms run smoother. What makes TallyPrime a game-changer? Let's find out.

Export Procedures under GST: A Comprehensive Guide for Tax-Free and Zero-Rated Supplies

Posted by CA Satyendra Kumar 16 March 2024 1749 Views

Under the GST regime, export can be done in two ways

ITR U - How to file ITR of previous 3 years

Posted by Sparsh Wadhwa 16 March 2024 2331 Views

The updated return, or ITR-U, was put forward in the Union budget of 2022 to provide taxpayers with an additional chance to submit if they missed the deadline for filing their tax returns late or to correct any mistakes they made.

Sec 54B - Exemption From Capital Gain on Transfer of Land used for Agricultural Purposes

Posted by Neethi V. Kannanth 15 March 2024 16278 Views

The exemption u/s 54B is available only if capital gain arises on transfer of land used for agricultural purpose is utilized for purchasing another land which will be utilized for the purpose of agriculture.

Assessment under the Income Tax Act 1961

Posted by Ashok Pitroda 15 March 2024 14026 Views

The process of examining the return of income by the Income Tax department is called "Assessment".

Types of Taxes: Direct Tax and Indirect Tax

Posted by Khush Trivedi 15 March 2024 1058 Views

As we know Indian taxation system which comprises various types of Taxes but let's understand it in broader view let's check out with the word "TAX"

Rule 37 : Reversal of ITC on non-payment to vendors within 180 days

Posted by CA Roopa Nayak 15 March 2024 61920 Views

In this article, the author has examined the non-payment to vendor within 180 days of invoice date and the implications thereof to assessee.

Advance tax e-campaign based on significant transactions

Posted by Sparsh Wadhwa 15 March 2024 1061 Views

The Income Tax Department has received information on financial transactions relating to XXXX SINGH PAN XXXXX1650X for Financial Year 2023-24 (AY 2024-25). It is seen that your advance tax payment for F.Y. 2023-24 is apparently not commensurate with such financial transactions undertaken by you during this period.

Decoding Tax Updates: Major Revisions in ITR Forms for AY 2024-25

Posted by CMA Sonam Verma 15 March 2024 1992 Views

A comprehensive analysis of the new ITR Forms has been conducted, focusing on identifying key changes and introducing new requirements compared to the previous year's ITR Forms.

ITAT Judgement - Ignorance of the Provisions of Section 269 will initiate penalty proceedings u/s 271E

Posted by Affluence Advisory 15 March 2024 1163 Views

ITAT: Upheld penalty, states that poor history of clearance of cheque is not valid reason to make repayment in cash and against the mode prescribed under Section 269T of the Income-tax Act, 1961.