CAclubindia Articles

Taxation of commission income of insurance agents

Posted by Pooja Prasad 22 August 2023 167495 Views

A lot of confusion arises when it comes to the income tax filing of insurance agents. An insurance agent, although having aggregate turnover below the audit limits, cannot file his Income Tax Return u/s 44AD, i.e., ITR-4. How does he file his ITR then!

CBDT amends valuation rules for calculation of rent-free accommodation provided by employer

Posted by Guest 22 August 2023 4006 Views

The Finance Act, 2023 brought in an amendment in the perquisite valuation rules with regard to the value of rent-free or concessional accommodation provided by an employer to an employee, for the purpose of introducing uniformity / consistency.

A Comprehensive Guide to Taxation and Documentation for Employee Stock Options Abroad in India

Posted by Rashmi 22 August 2023 3542 Views

Guide to Taxation and Documentation for Employee Stock Options Abroad in India

Some knowledge nuggets about Structured Digital Database

Posted by Affluence Advisory 22 August 2023 1029 Views

SDD is a kind of Digital Database which should be maintained internally in a non-tamperable manner along with time-stamping and audit trail. The Database must contain the name and PAN number of Persons with whom the UPSI has been shared.

What are the 10 points to remember for Agriculture Income?

Posted by CA Umesh Sharma 21 August 2023 4734 Views

Lately we have seen serious hike in the prices of tomatoes and other farm produces. What about the Income tax on sale of tomatoes? What exactly is included in the agricultural activities?

Empowering Financial Wellness: The Vital Role of a Family CA

Posted by CA. Chikkerur C R 21 August 2023 2271 Views

In the distant past, I introduced the revolutionary concept of a "Family CA," drawing parallels to the trusted Family Doctor. Expanding upon this visionary idea, I am driven to delve deeper into its significance.

NBFC: New Regulatory Framework

Posted by FCA surbhi jain 21 August 2023 2063 Views

The evolution of NBFC sector over the years in terms of size , complexity and inter connectivity has led to increase in risk factor as well. To align with the regulatory framework of NBFC's with changing risk dimensions, SBR framework has been introduced by RBI, guidelines of which were effective from 1st October 2022.