CAclubindia Articles

Whether A Karta Will Be Taxable In Dual Capacity After Separation From HUF

FCS Deepak Pratap Singh 20 October 2021 at 09:54

Discussing an interesting situation and taxability of an individual after his separation from HUF i.e. Whether a person will be taxable under dual capacity as an ‘Individual’ as well as 'Karta' after separation from HUF?

Income from Capital Gains

Taxblock 20 October 2021 at 09:54

Any profit which is earned by transferring a capital asset will be known as capital gains, and it will be taxable under the head Income from Capital Gains if the transfer was made in the previous year.

Deductions under Income Tax

Taxblock 20 October 2021 at 09:54

Deductions are typically expenses that the taxpayer incurs during the year that can be applied against or subtracted from their gross income to figure out how much tax is owed.

Is Cryptocurrency Really the Future?

Sazal Sharma 19 October 2021 at 15:18

People like Bill Gates, Al Gore, and Richard Branson believe that this is where the future rests, while scholars like Warren Buffet, Paul Krugman, and Richard Schiller see it as a Ponzi scheme.

Income from Salary | An analysis

Taxblock 19 October 2021 at 09:48

Income from salary is the remuneration that is received by an individual who is rendering services under any contract which is taken by him. The contract should be under employment.

Taxation of Mutual Fund SIP

CA Umesh Sharma 19 October 2021 at 09:48

An investor can claim deduction up to Rs. 1,50,000/- u/s 80C for investments made in SIP. However, deduction is available only if the SIP is of an Equity Linked Savings Scheme Mutual Fund.

Rebate and Reliefs under income tax

Taxblock 19 October 2021 at 09:48

Rebate under section 87A of the Income Tax Act is a provision that helps taxpayers to reduce their tax liability. This section is available to people whose income do not exceed Rs. 5 Lakhs.

The Alternative Dispute Resolution - Take Charge of your own Dispute

CA. (Dr.) Rajkumar Adukia 19 October 2021 at 09:48

With the development of Alternative Disputes Resolution, certain dispute resolution techniques have evolved that result in a much simpler, faster and peaceful solution, than the court remedy.

Global Golden Opportunities for Serving Nation by Serving MSMEs and Startups

CA. (Dr.) Rajkumar Adukia 19 October 2021 at 09:48

It has been seen that most of the startups, MSMEs, and entrepreneurs are either unaware of available schemes or reluctant to avail its benefits due to a cumbersome application/approval process.

An unnoticed article in PNB Housing - Carlyle Deal

CS LL.B Umesh Navani 19 October 2021 at 09:48

A listed company, that proposes to issue shares on a preferential basis, may do so, by offering shares to select individuals at a price that is higher than the floor price.