CAclubindia Articles

Home Loan Tax Benefits For FY 2023-24

Posted by Priya Mulukutla 06 March 2024 2373 Views

The Income Tax Act has various provisions for an individual to take benefit of and claim deductions for tax purposes. These deductions are an incentive for individuals to make residential real estate purchases.

Section 80D of Income Tax Act

Posted by Ritik Chopra 06 March 2024 12559 Views

One of the most common expenditure of the general public is on medical/health insurance. Deduction regarding health insurance is allowed if health insurance premium is paid during the previous year out of income chargeable to tax and it is paid by any mode other than in cash.

Download Form 26AS

Posted by Aisha 06 March 2024 7067 Views

Form 26AS is a statement of tax credits. It is a consolidated statement that contains information about the tax that has been deducted or collected from an individual's income, as well as the taxes paid by the individual.

Capital Receipts and Revenue Receipts: Purpose, Taxability & Examples

Posted by Khush Trivedi 06 March 2024 1410 Views

In any business the basic fuel that requires to keep the business alive is only an Income or Receipts. As the important purpose of an economic activity is to earn money business is generating different types of revenues. We can bifurcate these Revenues or Receipts in two different categories i.e. Capital Receipts & Revenue Receipts

RBI Directions on Filings of Supervisory Returns

Posted by Affluence Advisory 06 March 2024 1766 Views

The Reserve Bank of India has issued Master Directions on the 'Filing of Supervisory Returns' by all Supervised Entities on February 27, 2024. In this article, we will focus on the changes applicable to NBFCs.

Demystifying ITC Reflection: Asserting the Validity of ITC in GSTR-3B and Beyond

Posted by Vivek Jalan 06 March 2024 706 Views

Valid ITC cannot be denied merely due to Reflection in GSTR-3B. Availment of valid ITC in books, GSTR-9 and GSTR-2B is sufficient

Shareholding Rights of a Subsidiary in its Parent Company

Posted by Ishita Ramani 06 March 2024 362 Views

In this article, we will discuss the shareholding rights of a subsidiary company in its holding company under Section 19.

Form 10F and its Filing Procedure

Posted by CA.Sangam Aggarwal 06 March 2024 1085 Views

The CBDT notified Rule 21B prescribing the additional information that is required to be furnished by non-residents along with TRC in prescribing Form-10F.

ITR Verification Process

Posted by Poojitha Raam Vinay

05 March 2024 13900 Views

After the 31st July rush of filing the IT returns, the department of Income Tax has provided 120 days from filing of the return to e verify the return. The Central Board of Direct Taxes (CBDT) in the recent notification has cut down the time limit from 120 days to 30 days for ITRs filed on or after August 1st 2022.

TDS on Purchase of Property For FY 2023-24

Posted by CA S K MISHRA 05 March 2024 21822 Views

Finance Act, 2013 has introduced Sec 194-IA which provides for deduction of tax at source in case of payment of sale consideration of immovable property (other ...