CAclubindia Articles
Mastering in Advance Tax
In this article, we tried to explore and discuss various aspects of advance tax in India like what it is, when it applies, and how to calculate with examples and pay it timely to avoid any unnecessary interest or penalties.
Capital Gain From Foreign Shares
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
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?
This article explores the key advantages of using Tally ERP 9 for payroll management.
Is trading possible without paying tax?
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
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
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
16 May 2024
8744 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
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
A rent receipt is an important document provided by a landlord to a tenant as proof of payment for rent
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