CAclubindia Articles
A Comprehensive Guide to Claiming HRA Tax Exemption: Essential Aspects of Your Rent Agreement
Salaried individuals can avail tax exemption on house rent allowance (HRA) if they live in a rented house, pay rent, and possess the necessary valid documents. However, many people are unaware that their rent agreements should include specific clauses to ensure that their HRA tax exemption, claimed during income tax return (ITR) filing, is not rejected by the income tax department.
Audit of educational Institutions
Audit of books of educational institutions i.e. Schools, Colleges, Universities etc is known as audit of educational institutions. This type of audit comes under the category of special audit.Generally, the procedures for auditing is same like other
Internal Financial Controls (IFC)
As per Section 134 of the Companies Act, 2013 (the Act), the term 'Internal Financial Controls' means the policies and procedures adopted by the company
Understanding the concept of Body Corporate
A Body Corporate includes all companies including companies incorporated outside India as well as incorporated in India, except for a Co-operative Society.
SEBI's Informal Guidance: Applicability of BRSR
The Company sought an interpretative letter from the SEBI under the SEBI (LODR) Regulations, with a view to seek clarification for the doubts regarding the applicability of Business Responsibility and Sustainability Reporting ("BRSR").
Conversion of Limited Liability Company (LLC) to S Corporation
A Limited Liability Company (LLC) is a business structure where the owners are called members. It combines the characteristics of a sole proprietorship, partnership, and corporation.
Incomes which are now reported in AIS for Individuals
The Income Tax Department has announced the roll-out of a statement namely Annual Information Statement (AIS) which would provide you with almost all details about your financial transactions during the year.
Can Taxing Agricultural Income Benefit Farmers in India?
Introducing a slab-based taxation system for agricultural income could be a feasible approach. By doing so, the burden of taxation can be adjusted according to the income levels of the farmers.
Unveiling Power of Section 71: Accessing Business Premises under GST Act
Under Section 71 of the GST Act, any officer authorized by a proper officer, not below the rank of Joint Commissioner, has the authority to access the premises of a registered person's business
All about Goods Sent on Consignment - Accounting, Commission, and Account Sales
Know all about Goods Sent on Consignment, its Accounting, different types of Commission and Account Sales.
Popular Articles
- TCS Return Due Date: New Deadline For Tax Year 2026-27
- How Salaried Employees can save Tax under the New Tax Regime
- TDS Certificates for Non-Salary Income Gets a New Identity For FY 2026-27
- Sukanya Samriddhi Yojana 2026 with Interest Rate for Q2: Best Savings Scheme for Girls
- Capital Gains Exemption Under Sections 54 & 54F: Is Purchase in Spouse's Name Allowed?
- Form 130 Replaces Form 16: New Salary TDS Certificate For FY 2026-27
- TDS Quarterly Return on Non-Salary 2026: Know How To File With New Form 140
- 143(2) Scrutiny Notice Received: What is it and How to Respond Online?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
