CAclubindia Articles

Know Contrasts between Government and Public Limited Company

Posted by Ishita Ramani 24 April 2024 373 Views

Here, I shall define government firms and public limited companies in this blog post, along with their differences.

High Net Worth Individual's Tax Rates and Exemptions For FY 23-24

Posted by Mitali 23 April 2024 3522 Views

High-net-worth individuals (HNIs) are rich members of society who have significant financial resources.

Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25

Posted by Pranab Banerjee

23 April 2024 27055 Views

Salary arrears are understood as unpaid wages of the previous period accrued in the current year. There may be a subsequent revision of the employee's wages or a disputed wage which is then issued by the employer.

Income Tax For Senior Citizens FY 2023-24

Posted by Priya Mulukutla 23 April 2024 110127 Views

There are several benefits in the Income Tax Act available for senior and super senior citizens to claim to reduce their tax burden.

Possession of material unearthed during search is prerequisite to invoke provisions of Section 153C of Income Tax Act

Posted by Affluence Advisory 23 April 2024 369 Views

In the case of a non-searched person, whose books of account or documents were found during the search (referred to as "other person"), an assessment is made under Section 153C of the Act.

Everything You need to about Filing ITR FY 23-24

Posted by CA Pallav Singhania 23 April 2024 2868 Views

As taxpayers in India gear up for another tax season, it's good to have the necessary knowledge to navigate the complexities of filing income tax returns for the financial year 2023-2024

Can Interest Income on Fixed Deposits be treated as capital receipts?

Posted by CA Aman Rajput 23 April 2024 1704 Views

In this article, the author is going to discuss the details of the case of Deputy Commissioner of Income-tax v. BTW Atlanta Transformers India (P.) Limited., by examining arguments in above case, and the tribunal's decision, which will help us in understanding the broader implications for the taxpayers as a whole

Taxation of Immovable Property Sales by Non-Residents in India

Posted by CA Arun Tiwari 23 April 2024 427 Views

Understanding the details of selling immovable property as a non-resident is crucial when it comes to taxes. Immovable property, commonly known as real estate, includes land, buildings, and permanent fixtures attached to the land. For non-residents looking to sell such assets in India, understanding the tax implications is vital.

Understanding the Scope of Accounting

Posted by Ishita Ramani 23 April 2024 317 Views

Accounting covers a wide range of industries, including trade, business, government, financial institutions, private citizens, and all other sectors. The accounting concept governs all activities.

ITC on Motor Vehicles under GST: A Detailed Analysis

Posted by CA. Bhavik P. Chudasama 22 April 2024 13322 Views

This article delves into the eligibility of ITC on motor vehicles, with a particular focus on exceptions for vehicles exceeding 13 seating capacity and the scenario of renting motor vehicles.