CAclubindia Articles

5 Most Important Proposals in Capital Gains in Budget 2024

CA Umesh Sharma 29 July 2024 at 12:46

Arjuna (Fictional Character): Krishna, The Hon'ble Finance Minister has recently presented the budget for 2024, which has brought about many proposals of change..

Income Tax Notice for Cash Deposits - Check These 6 Transactions

Naina Rajgoplan 29 July 2024 at 12:46

Then are the six deals that can attract an income duty notice for cash deposits

ITR Filing Due Date: July 31, 2024 - A Discussion on Advantages and Disadvantages

Sachin 29 July 2024 at 08:35

The deadline for filing Income Tax Returns (ITR) for the financial year 2023-24 in India is set for July 31, 2024. While the due date provides a clear timeline for taxpayers to fulfill their tax obligations, it has sparked a debate about its implications. Let's delve into the advantages and disadvantages of having a fixed due date and the effects of extending it.

Understanding Professional Skepticism: A Cornerstone of Effective Auditing

CA Prateek Agarwal 29 July 2024 at 08:35

This article explores the definition, importance, and practical applications of professional skepticism in the auditing process.

Budget 2024: Amnesty Provisions under Section 128A w.r.t. Section 73 Demands

CA Sudhir Halakhandi 27 July 2024 at 09:53

In the Budget 2024, a new Section 128A has been proposed by the Finance (No.2) Bill -2024. Under this section 128A, for certain financial years, from 2017-18 to 2019-20

Secretarial Audit Compliance under Companies Act, 2013

Affluence Advisory 27 July 2024 at 08:42

Secretarial Audit is a compliance audit and it is a part of total compliance management in an organization. The Secretarial Audit is an effective tool for corporate compliance management. It helps to detect non-compliance and to take corrective measures.

Section 148: Comparing Existing vs. New Provisions in Finance Bill 2024-25

Anumanchipalli Sathikonda 27 July 2024 at 08:42

Comparative Study of Section 148 of Income-tax Act, 1961 - Existing Version Vs. New Version (as substituted by Finance Bill 2024-25)

Long Term Capital Gains Tax With No Indexation

Mitali 26 July 2024 at 16:20

Long-term capital gains tax rate will be 12.5% for all assets.

Everything about New TDS Section 194T

CA Aman Rajput 26 July 2024 at 08:31

In the Union Budget of 2024, FM Nirmala Sitharaman introduced this new section of TDS in the Income Tax Act, 1961 i.e. Section 194T. This section imposes Tax Deducted at Source on certain payments made to partners of a firm, including salary, bonus, commission, interest, or remuneration.

New Rules on Tax Case for Re-openings and Re-assessments

Mitali 25 July 2024 at 12:41

In Budget 2024, FM has simplified the provisions for reopening and reassessment to reduce tax uncertainty and disputes, providing relief to taxpayers.