CAclubindia Articles

Old vs. New Personal Tax Regime: An Explainer on Making an Informed Choice

Mayank Mohanka 11 February 2023 at 13:00

With a view to rationalize the personal tax slabs and simplifying the complex maze of a plethora of deduction claims of individuals and HUFs in their income tax returns, the Government has introduced a new regime of personal tax, by introducing a new section 115BAC w.e.f. FY 2020-21 and onwards.

Major Changes under Income Tax in Budget 2023

kowsalya 11 February 2023 at 13:00

A Resident Individual is entitled to a Rebate of 100% of the amount of tax payable under the provisions of Section 87 A of the Act for the total income up to Rs. 7 Lakhs ( earlier it was Rs. 5L)

ITC and CSR Expenses

CA Roopa Nayak 11 February 2023 at 12:48

In this article, the author has examined the eligibility of ITC on expenses related to CSR, in light of the proposed amendment in Budget 2023.

Understanding Financial Fundamentals through Debt to Equity Ratio

CA Anurag Sharma 11 February 2023 at 11:50

Here's the third most important financial parameter: Debt to Equity Ratio

Important Updates and Due Date Compliances under GST for Feb 2023

Tarun Kr. Gupta 11 February 2023 at 08:49

Please find below the important clarifications/ amendments issued by the Government on GST in January/ February 2023 along with compliance timelines in February..

Twitter Space Discussion on - Impact of Budget 2023 on GST

CCI Team 10 February 2023 at 10:34

The discussion was hosted by Sri CA Dinesh Wadera and various esteemed panelists participated in the discussion. Sri CA Abhishek Raja gave a clear insight on amendments of GST Sections announced in the Budget 2023

Taxation of gifts to NRIs and changes in Budget 2023-24

FCS Deepak Pratap Singh 10 February 2023 at 09:51

The Budget 2023 has also not disturbed taxation regime of NRIs except some provisions have been changed. The Shares generally issued to NRIs are of higher value and issuer's explanation to valuation is not satisfactory and hence the excess value above FMV will be taxable and any property gifted to NORI above Rs. 50000/- is chargeable to tax in India.