CAclubindia Articles

SC Limits Tax Authorities' Power to Reopen Completed Assessments Without Incriminating Material

Posted by Rashmi 27 April 2023 2554 Views

The Supreme Court has ruled that the income tax (I-T) department cannot reopen completed assessments under Section 153A of the I-T Act, unless "incriminating material" is found during search and seizure operations.

All You Need To Know About Financial Engineering

Posted by CA Ruby Bansal 26 April 2023 3336 Views

Financial engineering is an interdisciplinary branch of the investment industry that makes use of applied mathematics, statistics, computer science, financial theory, and economics to conduct quantitative analysis on the financial markets.

Comparative Analysis of Registered Trust/Institution u/s 12AA/12AB

Posted by Geetanjali Pandey 26 April 2023 9598 Views

COMPARATIVE ANALYSIS OF SEC 12AA/12AB REGISTERED TRUST /INSTITUTION OR TRUST/INST/FUND REFERRED TO IN SUB CLAUSE (iv)(v)(vi)(via) of Sec 10(23C)

Understanding IND AS 32: A Guide to Financial Instruments Presentation

Posted by CA Sanat Pyne 26 April 2023 31448 Views

The purpose of IND AS 32 is to provide transparent and relevant information about financial instruments to stakeholders, including investors, lenders, and regulators.

Mandatory Certificate from Income Tax Portal for Section 80G Tax Deduction

Posted by Rashmi 26 April 2023 19278 Views

When you donate money to a charity or NGO, you can get a tax deduction under Section 80G of the Income-tax Act, 1961. This means that you can reduce the amount of tax you have to pay based on the amount you donated.

Difference between GSTR-1 and GSTR-3B

Posted by Ishita Ramani 26 April 2023 32017 Views

Taxpayers file several types of GST returns annually, but this blog will focus on GSTR-1 and GSTR-3B. This article will explore the differences between the two....

Filing of Form No. 10 of Income Tax Act

Posted by Geetanjali Pandey 25 April 2023 5626 Views

This Article is related to one of the amendment made in Form No. 10 by Notification No. 96/2022 dated 17th August, 2022 which became applicable for all the Trust/Institution registered under sub clause (iv)(v)(vi)(via) of Section 10(23C) of the Act for F.Y. 2022-23 (A.Y. 2023-24).

Section 19 of CGST Act 2017: Taking ITC in respect of inputs and capital goods sent for job work

Posted by Harsh Kaushik 25 April 2023 13953 Views

Section 19 of the CGST ACT 2017 talks about the availability of input tax credit by the principal in respect of goods sent to the job worker.

Deductions in the new tax regime as per Union Budget 2023-24

Posted by Pranab Banerjee

25 April 2023 16112 Views

This article will help you understand some of the exemptions and deductions that are valid under the new tax regime.

Depreciation Rates as per Income Tax Act for FY 2023-24

Posted by Mitali 25 April 2023 223394 Views

Under the Income Tax Act, depreciation is allowed as a deductible expense for assets used in business or profession, subject to certain conditions and limitations. The amount of depreciation that can be claimed depends on the asset's useful life, which is determined by the Income Tax Rules.