CAclubindia Articles

How to claim deduction of interest on home loans in ITRs?

Posted by Nikita Agarwal 22 July 2023 7765 Views

When three individuals take a joint home loan and want to claim the tax benefits for the interest paid on the loan, they can do so by following these steps

Formation of Gratuity Trust

Posted by CA, CS & DISA VIVEK KHANDELWAL 22 July 2023 72832 Views

Gratuity fund which has been and continues to be approved by the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner in accordance with the rules contained in Part C of the Fourth Schedule.

Financial Statements of Banks

Posted by P.T.S. MURTHY 22 July 2023 160611 Views

Bankers are familiar with Profit & Loss Account and Balance Sheet of Corporates as they day in and day out read, analyze, disseminate information for processing the credit requirements of the borrowers. They calculate

Delicious Chocolate Peanut Bar: Attracting 18% GST for Indulgence

Posted by Mitali 22 July 2023 3773 Views

When it comes to the Delicious Chocolate Peanut Bar with the addition of cocoa powder, the Karnataka bench of the GSTAAR has clarified that the product falls under Chapter 18 of the GST classification.

Fast Track Merger under Companies Act 2013 - Procedures & Compliances

Posted by CS Rajnish Pandey 22 July 2023 48187 Views

The term merger has not been defined under the Companies Act, 2013 ("CA, 2013") but in commercial terms, a merger is a combination of two or more existing companies which merge their identities to form a different entity

Towards a Stronger Future: Corporate Restructuring Initiatives

Posted by Priyanshi Garg 22 July 2023 949 Views

Corporate Restructuring is a comprehensive process wherein a business enterprise undertakes the redesigning of one or more aspects of the company, with the aim of consolidating its operations and bolstering its position to achieve both short-term and long-term corporate objectives.

How to Ensure Correct Information for Filing ITR

Posted by Rashmi 22 July 2023 10212 Views

Filing your Income Tax Return (ITR) accurately is crucial, and it involves incorporating vital information from your Annual Information Statement (AIS). However, discrepancies or missing data in the AIS can occur, leading to confusion during the filing process.