CAclubindia Articles
Deductions available under Old vs. New regime of Income Tax
This article covers the deductions available in Old Vs. New tax regime, in brief, should help in making the required choice. This is applicable from 01.04.2023 i.e. for FY 2023-2024 or say AY 2024-2025.
An Overview of IND AS 41
IND AS 41 is a standard issued by the Institute of Chartered Accountants of India (ICAI) that provides guidance on the accounting treatment for agricultural activity. The objective of IND AS 41 is to ensure that the financial statements of entities engaged in agriculture provide relevant and reliable information about their agricultural activities.
How to Claim Refund of GST on Cancelled Flat or Real Estate Property by an Unregistered Dealer
An unregistered buyer who decides to cancel the agreement to purchase a flat can claim GST refund paid by him from the builder or the government depending upon the timeline of the cancellation of such agreement.
Companies need to file MSME payment data before 30th April 2023
Every year, all company taxpayers need to file form MSME-1 by a notification dated 2nd November 2018 but it holds a huge significance this year as the payments would be disallowed by the Income Act authorities if payment is not made within 45 days.
Section 18: Availability Of ITC Under Special Circumstances
What does Section 18 say?Section 18 of the CGST ACT 2017 talks about the Input Tax Credit availability under special circumstances such as in case of exempt sup...
Choose Right Tax Regime for FY 2023-24
If you FAIL to choose between the New and Old Tax Regime, the Employer will take the New Tax Regime as DEFAULT and deduct TDS under it.
Cyber Security Overview
Cybersecurity refers to the practices, technologies, and measures that are taken to protect digital systems, networks, and devices from cyber-attacks, data breaches, and other malicious activities. In today's increasingly digital world, cyber security has become a critical concern for individuals, businesses, and governments alike.
Why Indian Income Tax New Tax Regime is the Government's Favorite Child!
In this article, I will be discussing the new tax regime in India, comparing it with the old income tax regime, and explaining why the new regime is the government's favorite child.
Types of bank accounts for NRIs in India
NRI accounts are bank accounts opened by NRIs in India for various transactions, such as depositing foreign currency earnings, transferring funds to India, etc. These accounts can be in the form of NRE, NRO, or FCNR accounts.
Section 194Q: TDS on purchase of goods
The implication of section 194Q in the Income Tax Act, 1961 is one of the several desperate attempts of the Government to increase the flow of revenue into the exchequer.
Popular Articles
- TCS Return Due Date: New Deadline For Tax Year 2026-27
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- 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?
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