CAclubindia Articles

Section 194N : TDS on Cash Withdrawal

Posted by Nikhil Kothari 12 April 2024 29825 Views

TDS on Cash Withdrawal - Section 194N, To discourage cash transaction and promote Digital Economy. The provisions of Section 194N will be applied to the payments made on or after 1st September 2019.

Know your PAN Card Details, Name, and DOB

Posted by Ritika Agarwal 12 April 2024 26002 Views

This facility is referred to as "PAN Verification". By using the Online PAN Verification facility, one can know/verify the Permanent Account Number.

Presumptive Taxation For Professionals under Section 44ADA

Posted by CA.R.S.KALRA 12 April 2024 10072 Views

In case of a person adopting the provisions of section 44ADA, income will be computed on a presumptive basis, i.e. @ 50% of the total gross receipts of the profession.

For Tax Filing - Analyze the Old & New Tax Regime

Posted by Affluence Advisory 12 April 2024 2566 Views

Lately, a lot of confusion has sparked on various internet platforms regarding the tax changes for the financial year (FY) 2024-25. However, the Ministry of Finance has put that to rest by putting out a clarification vide its Twitter handle that there are no changes on the tax rates as on 01.04.2024.

Importance of Decision-Making information in SMEs: Harnessing the Power of Data-Driven Decision-Making

Posted by Sundaran.D 12 April 2024 194 Views

In a dynamic and increasingly globalized business world, unforgiving small and medium-sized enterprises (SMEs) are constantly dealing with many problems. challenges that hinder their growth and sustainability. Every decision in the operation of small and medium-sized enterprises, which limits the use of fierce competition, can affect their development.

TDS on purchase of goods

Posted by CA AJIT YADKIKAR 11 April 2024 9698 Views

The Finance Act 2021 has inserted a new section 194Q to provide for TDS by person responsible for paying any sum to any resident for purchase of goods of the value in excess of 50 Lakhs.

Why Natural Gas Should Come Under GST Regime

Posted by Mitali 11 April 2024 1251 Views

Sandeep Kumar Gupta, the chairman of GAIL, suggests that the government should promote the use of natural gas and reduce emissions in various industries. He also proposes bringing natural gas under the GST regime and extending production-linked incentives to LNG-powered vehicles.

Issues Pertaining to HRA claims

Posted by Khush Trivedi 11 April 2024 1436 Views

The Ministry of Finance recently issued a clarification regarding media reports suggesting a special drive by the Central Board of Direct Taxes (CBDT) to reopen cases linked to House Rent Allowance (HRA) claims. These reports, according to the Ministry, are not grounded in reality, and there is no substantial evidence to support claims of a large-scale reopening of cases.

Income Tax Slabs: Comparison between old Vs new regime for the FY 2023-24

Posted by Mitali 11 April 2024 2166 Views

Deciding which tax regime to choose it completely depends upon individual financial circumstances.

Does the Onus for Non-Compliance with Compliances rest solely with the Company Secretary?

Posted by CS Divesh Goyal 11 April 2024 281 Views

In this case law, the Regional Director has entirely focused on the Company Secretary and stated that the Company Secretary is solely responsible for the Company's Secretarial Standards and Compliances. Read the editorial till end.