CAclubindia Articles

NRI Property Transactions & Sale Proceeds Repatriation

Posted by CA Arun Tiwari 04 April 2024 1086 Views

This article will cover the laws regarding property purchase and sale by NRIs, as well as the repatriation of sale proceeds, in separate sections.

CMP-08 : Due Date, Penalty and Filing Process

Posted by Shashank kothiyal 03 April 2024 16974 Views

All the registered taxpayers paying tax under the provisions of section 10 of CGST Act 2017 or availing benefits of Notification No. 2/2019-Central Tax (Rate)

SAC code in GST

Posted by Ishita Ramani 03 April 2024 12652 Views

The GST system uses a nomenclature called SAC code, which was created by the Central Board of Indirect Taxes and Customs. These codes aid in identifying services and their corresponding GST rates to calculate the applicable tax amount.

Income Tax on Salary For FY 23-24

Posted by Priya Mulukutla 03 April 2024 5170 Views

This article covers steps to Calculate Income Tax on Salary for FY 23-24 followed by an Illustration considering both Old and New Regime!

Section 80TTA and 80TTB : Deduction on Interest Income

Posted by Prajjwal Kaushik 03 April 2024 41483 Views

As per the existing provisions of the section 80TTA, there is a deduction up to Rs. 10,000 allowed to an assessee in respect to Interest Income from savings acc...

Section 8: Company Annual Compliance

Posted by Ishita Ramani 03 April 2024 9148 Views

Section 8 companies are non-governmental organizations that are established to promote various activities such as sports, commerce, charitable works, science, art, and more.

Income from other sources

Posted by Taxblock 03 April 2024 6374 Views

Incomes that do not fall under any of the other heads will fall under the head of 'Income from Other Sources'. A taxpayer who receives Income from Other Sources is eligible to deduct expenses.

TRACES Login : How to log in to TRACES portal and download Form 16B?

Posted by CCI Team 03 April 2024 49702 Views

Form 16B is a certificate for tax deducted at source under section 3 of the Income Tax Act on the sale of Immovable Properties.

Can LLPs Engage in Financing Activities? RBI's Approval Holds the Key

Posted by CS Binit Thakur 03 April 2024 1404 Views

Can LLPs do financing activity? If an LLP wishes to run non-banking financial activity, then it is required to obtain prior approval from the Reserve Bank before starting the business.