CAclubindia Articles

Section 80DD: Claim tax deduction on medical expenses for disabled persons

Pranab Banerjee 01 June 2023 at 09:06

Individuals or HUFs can claim an exemption under Section 80DD of the Income Tax Act for a disabled person who is wholly dependent on the Individual/HUF for support and services.

How and in what manner a Board Meeting or a General Meeting in a company is conducted?

Mohd Zain 01 June 2023 at 09:06

his Article also intends to clarify the culture in a meeting of company about how such people used to read the agenda and behave in the meeting & what tools they must have to propose their idea in such meetings.

E-invoicing in GST and it applicability

CA. Akshat Parakh 31 May 2023 at 14:14

'e-Invoicing' means reporting details of specified GST documents to a government-notified portal and obtaining a reference number. It does not mean generating an invoice on the GST portal. The CBIC notified a set of common portals to prepare e-invoice via Notification No.69/2019 - Central Tax.

NFRA Order Reveals Major Lapses in Audit Conducted by CA Rakesh Puri

Rashmi 31 May 2023 at 09:10

The National Financial Reporting Authority (NFRA) recently issued an order highlighting significant deficiencies in the audit conducted by CA Rakesh Puri, who served as the Engagement Partner (EP) for the statutory audit of Sun and Shine Worldwide Limited (SSWL).

An Overview On: e-Appeals Scheme 2023

RN Mohil 31 May 2023 at 09:10

The Income Tax department has introduced the e-Appeals Scheme, a significant development aimed at streamlining the process of filing and processing appeals through electronic means.

RBI Annual Report: 2022-23

Dharmendra 30 May 2023 at 14:00

The global economy faced challenges in 2022 due to geopolitical tensions and tightening financial conditions. However, after the Omicron wave and successful vaccination efforts, the global economy showed resilience.

Annuities and Taxes: How Annuities are Taxed and Tax Strategies for Annuity Holders

Suhasini 30 May 2023 at 11:06

In this article, we'll dive into the details surrounding taxation strategies for annuity holders and explain why understanding these strategies is essential when investing in an annuity. We'll also discuss how different types of annuities can impact your taxes and what you need to know about filing taxes on your investments when using them for retirement planning purposes.