CAclubindia Articles

Income Tax Calculation: Old Regime Vs New Regime

Posted by Aisha 11 February 2023 12265 Views

In India, the income tax is governed by the Income Tax Act, 1961 and is imposed by the Central Board of Direct Taxes (CBDT). The taxable income of an individual is taxed at different slab rates, based on the individual's income level.

Old vs. New Personal Tax Regime: An Explainer on Making an Informed Choice

Posted by Mayank Mohanka 11 February 2023 6165 Views

With a view to rationalize the personal tax slabs and simplifying the complex maze of a plethora of deduction claims of individuals and HUFs in their income tax returns, the Government has introduced a new regime of personal tax, by introducing a new section 115BAC w.e.f. FY 2020-21 and onwards.

Major Changes under Income Tax in Budget 2023

Posted by Kowsalya 11 February 2023 5786 Views

A Resident Individual is entitled to a Rebate of 100% of the amount of tax payable under the provisions of Section 87 A of the Act for the total income up to Rs. 7 Lakhs ( earlier it was Rs. 5L)

ITC and CSR Expenses

Posted by CA Roopa Nayak 11 February 2023 7589 Views

In this article, the author has examined the eligibility of ITC on expenses related to CSR, in light of the proposed amendment in Budget 2023.

Understanding Financial Fundamentals through Debt to Equity Ratio

Posted by CA Anurag Sharma 11 February 2023 4960 Views

Here's the third most important financial parameter: Debt to Equity Ratio

Important Updates and Due Date Compliances under GST for Feb 2023

Posted by Tarun Kr. Gupta 11 February 2023 10287 Views

Please find below the important clarifications/ amendments issued by the Government on GST in January/ February 2023 along with compliance timelines in February...

Twitter Space Discussion on - Impact of Budget 2023 on GST

Posted by CCI Team 10 February 2023 4152 Views

The discussion was hosted by Sri CA Dinesh Wadera and various esteemed panelists participated in the discussion. Sri CA Abhishek Raja gave a clear insight on amendments of GST Sections announced in the Budget 2023

Taxation of gifts to NRIs and changes in Budget 2023-24

Posted by FCS Deepak Pratap Singh 10 February 2023 101761 Views

The Budget 2023 has also not disturbed taxation regime of NRIs except some provisions have been changed. The Shares generally issued to NRIs are of higher value and issuer's explanation to valuation is not satisfactory and hence the excess value above FMV will be taxable and any property gifted to NORI above Rs. 50000/- is chargeable to tax in India.

Understanding Financial Fundamentals through Price-Earnings Ratio

Posted by CA Anurag Sharma 10 February 2023 2579 Views

Continuing our investment series after Market Capitalization let us discuss another Pertinent financial fundamental i.e Price Earning Ratio.

SEBI revamps buyback methods and provisions relating to buybacks

Posted by Affluence Advisory 10 February 2023 1855 Views

Securities and Exchange Board of India ('SEBI') vide its notification dt: February 7, 2023 has brought in SEBI (Buyback of Securities) (Amendment) Regulations, 2023.