CAclubindia Articles
Can Interest Income on Fixed Deposits be treated as capital receipts?
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
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
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
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.
Issue And Redemption Of Preference Shares : Section 55 Of The Companies Act, 2013
Preference shares are those shares which has priority over the equity shares in payment of dividend. These shares not only have a preferential right to receive dividends but also repayment of capital on winding up.
Section 194K: TDS on Mutual Fund Income
FM Nirmala Sitharaman proposed the addition of Section 194K in the Union Budget 2020. This section includes a tax deduction on the amount paid on the units of mutual funds.
Who is our "Sankatmochan" during Financial "Sankat"?
We'll be celebrating Hanuman Jayanti, honoring Lord Hanuman, known as Sankatmochan, the one who removes troubles. With his incredible strength and devotion, he has always been a symbol of hope during difficult times. Today, in our lives, especially when we face money problems, who acts as our Sankatmochan?
Gratuity : How to calculate your eligible amount?
Gratuity is defined as a sum of money that is paid to the employee over and above the decided salary at the time of his retirement. It is paid
Intimation u/s 143(1) of the IT Act
Intimation under Section 143(1) is a notification which is sent from the IT Department after processing a taxpayer's income tax return. Usually, it informs the taxpayer about any discrepancies between their filed return and the department's computation.
Gold Price is shining - Know the reasons
Gold operates under the fundamental price dynamics of supply and demand, similar to other capital markets. However, the couple of underlying factors influencing these dynamics are often more distinctive and can be both rational and irrational.
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