CAclubindia Articles

Capital Gain From Foreign Shares

Posted by Khush Trivedi 20 May 2024 4183 Views

Do you know about the taxation of foreign stocks under the provisions of the Indian Income Tax Act? Let's elaborate on the same.

Section 50: Capital Gain on sale of depreciable asset

Posted by Khush Trivedi 20 May 2024 4131 Views

As we are all aware, the sale of any capital asset results in capital gain and is taxable under the Capital Gains of Income Tax Act of 1961. But have you heard that the sale of depreciable assets also results in capital gains in some circumstances? Let's understand what it is!

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 273 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 38970 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 2799 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.