CAclubindia Articles

Gandhi Jayanti | Teachings by Gandhi Ji that all Students must Imbibe

Muskan Mudgil 02 October 2021 at 18:32

These lessons by Gandhi Ji are your sign on this Gandhi Jayanti to reflect and learn to lead a better and more meaningful life as a student. Happy Gandhi Jayanti to one and all!

Income Tax Questions & Answers Series Part II: Section 50C

FCS Deepak Pratap Singh 02 October 2021 at 18:32

Section 50C was introduced vide Finance Act. 2002 w.e.f. 01.04.2003, and prescribes similar provisions in the case of transfer of land or building or both, held in the nature of ‘Capital Assets’.

SEBI Reviews provisions pertaining to Related Party Transactions - Makes it Stricter !

K.V.Lakshmi 02 October 2021 at 18:32

SEBI, at its Board Meeting held on 28th September 2021 reviewed the regulatory provisions pertaining to RPTs and approved the amendments to SEBI LODR Regulations, 2015.

Is Depreciation allowed when vehicle is not registered in the name of leasing company?

FCS Deepak Pratap Singh 02 October 2021 at 18:31

As per the Motor Vehicles Act, the registration of a leased motor vehicle should be in the name of the lessee. However, as per the Income Tax Act, the asset must be owned by the person claiming depreciation.

The Magical Formula for Clearing CA Exams

Neethi V. Kannanth 01 October 2021 at 09:20

With the never ending pressure to clear the exams and the fear of failure, it's a vicious circle through which a student goes through. In such a scenario, it's this magical formula that will keep you going.

What is Income Escaping Assessment?

Varsha Nayyar 01 October 2021 at 09:19

In technical terms, the income which is not disclosed at the time of filing returns is referred to as the income escaping assessment. As such, a valid notice must be served before an assessment or reassessment.

Investing abroad through mutual funds

Ritik Chopra 30 September 2021 at 09:37

Many of you might not know that you can actually invest in abroad companies through mutual funds. Funds of Funds, Feeder Fund, and Actively Managed Funds are the different channels to invest.

Some Facts Related To Fugitive Economic Offenders Act, 2018

FCS Deepak Pratap Singh 30 September 2021 at 09:37

"Fugitive Economic Offender" means any individual against whom a warrant for arrest in relation to a Scheduled Offence has been issued by any court in India.

Transfer of Immovable Properties on Sale Consideration less than Stamp Duty Valuation

FCS Deepak Pratap Singh 30 September 2021 at 09:36

Where the consideration for transfer of the asset is less than the stamp duty value, the value so adopted shall be deemed to be the full value of the consideration, for computing income under PGBP.

Vlogging New Industries and Tax Applicability on Vlogging

Taxblock 30 September 2021 at 09:36

If you are pursuing YouTube as your full time profession, you will be taxed under Income from Business or Profession. If it’s a part time earning, the income will be taxable under Income from Other Sources.