CAclubindia Articles

Section 194Q TDS: Deducting Tax on Goods Purchases

Posted by Aisha 22 February 2024 6241 Views

Understand Section 194Q of the Income Tax Act for TDS on goods purchases over £50,000. Learn applicability, PAN rules, late deduction penalties, and deposit due dates.

AMT Explained: Applicability, Exemptions & Calculation

Posted by Taxblock 22 February 2024 3421 Views

Understand the Alternative Minimum Tax (AMT). Learn who it applies to, exemptions, and how to calculate your Adjusted Total Income and tax liability.

Save Income Tax: Options for Salaried Individuals FY 2023-24

Posted by CA Rahul Mittal 22 February 2024 5555 Views

Discover tax-saving options for salaried individuals in FY 2023-24. Learn about the new vs. old tax regimes and maximise your deductions. File your ITR with confidence!

Section 54F: Exempt Capital Gains Tax on Property Sales

Posted by CA. Bhavik P. Chudasama 22 February 2024 922 Views

Learn how Section 54F of the Income Tax Act can help you exempt capital gains tax on non-residential property sales. Reinvest to save!

Accounts Payable Management: Key Objectives & Processes

Posted by CA Ajay goel 21 February 2024 12597 Views

Master accounts payable management. Learn objectives, recording, journal entries, roles, and 3-way matching for efficient financial operations.

Corporate Guarantee vs Bank Guarantee: Key Differences

Posted by Kunal Aggarwal 21 February 2024 1484 Views

Understand the crucial differences between corporate guarantees and bank guarantees. Learn how tax authorities view these transactions and make informed decisions.

80G Tax Deduction Limit

Posted by Dintakurthi Tirumala 21 February 2024 161893 Views

SECTION 80G DEDUCTION ELIGIBLE COMPUTATION According to this section if the donation made to APPROVED FUNDS/CHARITABLE INSTITUTIONS deduction shall be eligible. For the purpose of this section to get deduction/exemption eligibility, donations are c

DBFOM Termination Payment Clauses Explained

Posted by CA Rakesh T 21 February 2024 364 Views

Understand termination payment provisions in DBFOM contracts. Learn how early project termination impacts compensation and bankability in the GCC region.