CAclubindia Articles

Income Tax deduction for medical treatment U/s Section 80DDB

27 April 2024 9984 Views

U/s 80DDB of the Income Tax Act, taxpayers can claim a deduction for medical treatment of certain specified ailments for self or dependent. Know everything about the section in this article.

Section 80DD: Claim tax deduction on medical expenses for disabled persons

Posted by Pranab Banerjee

27 April 2024 7516 Views

Individuals or HUFs can claim an exemption under Section 80DD of the Income Tax Act for a disabled person who is wholly dependent on the Individual/HUF for support and services.

Deductions Available Under the Indian Income Tax Act for Individuals and HUFs for FY 2023-2024

Posted by CA Pallav Singhania 27 April 2024 2086 Views

In this article, we'll explore the deductions available specifically for Individuals and HUFs for the financial year 2023-2024.

GST Full Form and Meaning

Posted by Mitali 27 April 2024 4132 Views

GST stands for Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India.

Guide for Types Of Leaves and Law policies for Employees in India

Posted by Ishita Ramani 27 April 2024 1397 Views

In this article, we will delve into different types of leaves and the laws and policies governing leave policies for employees in India.

The Golden Rules of Accounting

Posted by Mitali 26 April 2024 7130 Views

Golden Rules of Accounting means guiding principles for recording transactions correctly. The 3 main Golden Rules are Personal Accounts, Real Accounts and Nominal Accounts.

Section 194R of IT Act: TDS on perquisites or benefits on business & professions

Posted by CA Piyush Agarwal 26 April 2024 29099 Views

Union Budget 2022, a new TDS section 194R, has been proposed in the Finance Bill 2022, w.e.f. 01st July 2022.

Know the Challenges and Issues with GST

Posted by Ishita Ramani 26 April 2024 2441 Views

The allocation of GST numbers and rates, the functioning of GST Suvidha Centers, and the implementation of GST have been tough tasks. In this article, we'll discuss the main problems and how they impact businesses.

What is Inheritance Tax: Why the topic is trending in India?

Posted by Mitali 25 April 2024 2239 Views

Inheritance tax is a tax which is levied on the total value of money or at the time of transfer of wealth when an individual dies and leaves money or property to others.

Section 54F: Multiple Investments Allowed for Capital Gains in New Property

Posted by Khush Trivedi 25 April 2024 3898 Views

Section 54F of the IT Act provides capital gains exemption, excluding residential house sales, subject to conditions: invest net sales in new residential property within specified timelines, not owning more than one residential house.