CAclubindia Articles

SC Limits Tax Authorities' Power to Reopen Completed Assessments Without Incriminating Material

Posted by Rashmi 27 April 2023 2559 Views

The Supreme Court has ruled that the income tax (I-T) department cannot reopen completed assessments under Section 153A of the I-T Act, unless "incriminating material" is found during search and seizure operations.

Everything about Audit Trail

Posted by CS Divesh Goyal 27 April 2023 11343 Views

In this article, the author shall discuss everything about the Audit Trail.

Understanding Intellectual Property Rights: An Overview

Posted by CA Sanat Pyne 27 April 2023 2138 Views

Intellectual Property Rights (IPR) are a set of legal rights given to individuals or entities who create or innovate in the fields of arts, literature, inventions, trademarks, and designs.

All You Need To Know About Financial Engineering

Posted by CA Ruby Bansal 26 April 2023 3346 Views

Financial engineering is an interdisciplinary branch of the investment industry that makes use of applied mathematics, statistics, computer science, financial theory, and economics to conduct quantitative analysis on the financial markets.

Section 56(2)(X): Taxation of Gift

Posted by Sahil Dhingra 26 April 2023 19842 Views

Gift received by any person or persons is taxed in the hands of the recipient under the head Income from other sources and at normal tax rates under Section 56(2)(x) of the Income-tax Act, 1961.

What is PAN and TAN?

Posted by Taxblock 26 April 2023 10382 Views

PAN is a single number that is an electronic system and has all the tax related information of a taxpayer. TAN is a 10 digit alpha numeric number allotted to persons who are responsible for TCS and TDS.

Mandatory Certificate from Income Tax Portal for Section 80G Tax Deduction

Posted by Rashmi 26 April 2023 19308 Views

When you donate money to a charity or NGO, you can get a tax deduction under Section 80G of the Income-tax Act, 1961. This means that you can reduce the amount of tax you have to pay based on the amount you donated.

Comparative Analysis of Registered Trust/Institution u/s 12AA/12AB

Posted by Geetanjali Pandey 26 April 2023 9604 Views

COMPARATIVE ANALYSIS OF SEC 12AA/12AB REGISTERED TRUST /INSTITUTION OR TRUST/INST/FUND REFERRED TO IN SUB CLAUSE (iv)(v)(vi)(via) of Sec 10(23C)

Filing of Form No. 10 of Income Tax Act

Posted by Geetanjali Pandey 25 April 2023 5632 Views

This Article is related to one of the amendment made in Form No. 10 by Notification No. 96/2022 dated 17th August, 2022 which became applicable for all the Trust/Institution registered under sub clause (iv)(v)(vi)(via) of Section 10(23C) of the Act for F.Y. 2022-23 (A.Y. 2023-24).