CAclubindia Articles

Section 44AD (4): Consequences of Opting Out of Section 44AD(1) - Part V

CA.R.S.KALRA 21 October 2021 at 09:44

If a person has opted for a presumptive scheme of taxation u/s 44AD in any one year then they have to remain in the umbrella of section 44AD for the next 5 years.

Income from other sources

Taxblock 21 October 2021 at 09:43

Incomes that do not fall under any of the other heads will fall under the head of 'Income from Other Sources'. A taxpayer who receives Income from Other Sources is eligible to deduct expenses.

A house property could be your home, an office, a shop, a building or some land attached to the building like a parking lot. All of these are taxed under the head ‘Income from House Property’ in an ITR.

Planning your preparation days

CMA Mrudula M 20 October 2021 at 18:02

We might clear exams by focusing only on securing marks, but it will be too late to realize the importance of knowledge and paying a price for that post qualification is definitely not wise.

What are Candlestick Charts in the Stock Market?

Ritik Chopra 20 October 2021 at 14:55

A Candlestick is a pictorial depiction of the price of a stock. It displays the high, low, open and closing prices of a stock. When read collectively, they help to identify patterns and predict future prices.

Issue Of Debentures Under Companies Act, 2013

Neha Rajan Redekar 20 October 2021 at 09:56

Debenture is a written instrument acknowledging a debt to the company. It contains a contract for repayment of principal after specified period or at option of company together with interest.

Comparative study of Section 44AD, ADA and 44AE

CA.R.S.KALRA 20 October 2021 at 09:55

Section 44AD is applicable to any business except those eligible for Section 44AE. Section 44ADA is applicable to all professions referred in Section 44AA. Section 44AE is applicable to businesses engaged in plying, hiring or leasing goods carriages.

Section 8 Company: Incorporation & Myths

ARISANKALA MANISH KUMAR 20 October 2021 at 09:54

Section 8 companies obtain their incorporation certificate from the Central Government and are liable to carry on according to rules stated by the government.

Meaning of Officer and Officer in Default

FCS Deepak Pratap Singh 20 October 2021 at 09:54

Officers such as whole-time directors, KMP, directors, etc. shall be liable to any penalty or punishment in case of default committed by the company under the Companies Act, 2013.

Risks of leaving your bank account dormant

CA Mahesh Bansal 20 October 2021 at 09:54

In a latest development, Delhi Police Cyber Crime Cell has arrested 12 persons including 3 HDFC Bank employees for fraudulently attempting to siphon money out of a dormant account belonging to an NRI.