CAclubindia Articles

Impact of Judicial precedents in Union Budget 2023

Posted by Venkat Raj 23 February 2023 3855 Views

Through this write up changes in domestic taxation will be articulated keeping in mind the Supreme Court judgment's impact in the Income –Tax Act(''ACT") and Income tax Rules(''Rules").

IT calculator for AY 2024-25 with IT ready reckoner for FY 2023-24

Posted by Pranab Banerjee

22 February 2023 49114 Views

A quick review (Limited Information) of the applicable provisions under the Income Tax Act, 1961 for the F. Y. 2023-24 (A. Y. 2024-25), after incorporating amendments (only key and selective amendments) proposed by the Union Budget of 2023, are given below for ready reference and information.

RBI introduces UPI payment facility for international travelers visiting India

Posted by Rashmi 22 February 2023 3835 Views

In this article, we will take a closer look at the UPI payment facility for international travellers visiting India, including who can avail of the facility, where it will be available, how it will work, and what the RBI had proposed in its Statement on Developmental and Regulatory Policies dated February 8, 2023.

Case Study: Taxation of Charitable Institutions

Posted by FCS Deepak Pratap Singh 22 February 2023 8622 Views

A charitable trust derived its income from the business of providing mineral water to various companies situated in Software Technology Park in Hyderabad. A sum of Rs. 30 Lakhs has been derived as income from such business activity, which has been applied for the purpose of "General Public Utility".

Legal Aspects of Foreign Investment in India by a Person Resident outside India in Unlisted Indian Company and its Compliances by Indian Companies

Posted by Harsh Jain 20 February 2023 3022 Views

In this article, we will discuss statutory provisions as to investment by a person resident outside India in unlisted companies and compliances undertaken by an Investee Company or Indian Company.