CAclubindia Articles

Income Tax Department Tightens Scrutiny Against False Deductions and Exemptions for Salaried Individuals

Rashmi 24 July 2023 at 08:52

Salaried individuals are being warned to be cautious while filing their Income Tax Returns (ITRs) this year. The Income Tax Department has increased its scrutiny and is seeking documentary evidence against bogus deductions and exemptions claimed by some taxpayers.

How to claim deduction of interest on home loans in ITRs?

Nikita Agarwal 22 July 2023 at 14:48

When three individuals take a joint home loan and want to claim the tax benefits for the interest paid on the loan, they can do so by following these steps

Delicious Chocolate Peanut Bar: Attracting 18% GST for Indulgence

Mitali 22 July 2023 at 12:42

When it comes to the Delicious Chocolate Peanut Bar with the addition of cocoa powder, the Karnataka bench of the GSTAAR has clarified that the product falls under Chapter 18 of the GST classification.

Towards a Stronger Future: Corporate Restructuring Initiatives

Priyanshi Garg 22 July 2023 at 09:06

Corporate Restructuring is a comprehensive process wherein a business enterprise undertakes the redesigning of one or more aspects of the company, with the aim of consolidating its operations and bolstering its position to achieve both short-term and long-term corporate objectives.

How to Ensure Correct Information for Filing ITR

Rashmi 22 July 2023 at 09:06

Filing your Income Tax Return (ITR) accurately is crucial, and it involves incorporating vital information from your Annual Information Statement (AIS). However, discrepancies or missing data in the AIS can occur, leading to confusion during the filing process.

Impact and Expectations of FLDG Guidelines in India

CA.Rajeev Joshi (CA,CISA,DISA) 22 July 2023 at 09:06

This article explores the Constructive Influence, Detrimental Consequences, and Prospective Outlook surrounding FLDG in India's dynamic fintech landscape.

Sahara Refund: How to reclaim your deposits from CRCS - Sahara Refund Portal

Mitali 21 July 2023 at 16:01

Amit Shah, who serves as the Union Home Minister and Minister of Cooperation, has introduced a new online portal to facilitate the refund process for depositors of the Sahara Group of Cooperative Societies

Adjudication penalty for non-appointment of Company Secretary

CS Divesh Goyal 21 July 2023 at 14:35

Every corporation must comply with the above provision in order to preserve good governance. Many Companies registered with the MCA (Ministry of Corporate Affairs) do not follow this clause of the Company Act 2013.

Nifty All Time High-Investment Tips

Nikita Agarwal 21 July 2023 at 08:56

When the Nifty (or any stock market index) reaches an all-time high, it can be an exciting time for investors, but it also calls for cautious decision-making. Here are some key points that an investor should keep in mind during such times