CAclubindia Articles
Understanding What is HRA: Details & Calculation Process
HRA is essentially a part of your salary and is tax exempted under section 10 (13A). In other words, HRA is an allowance given by your employer to pay for your accommodation. You are entitled to claim this allowance even if your employer doesn't pay an HRA or if you're self-employed.
Meet Anil Shah, AIR-1, CA Final, May 2022 in an Exclusive Conversation with CAclubindia
Meet Anil Shah from Mumbai, Maharashtra emerged as the topper of the CA Final May 2022 exams. He has secured the highest 642 marks out of 800.
Indicative list of parameters for scrutiny
The Proper Officer shall scrutinize the returns and related particulars furnished by the registered person to verify the correctness of the returns.
Reversal of ITC under GST
Reversal of ITC means reversal of ITC utilized earlier. By doing this, there will be an increase in the output tax liability and interest may also be required to be paid depending on when the ITC is reversed.
CBDT released FAQs on AIS
FAQs on Annual Information Statement (AIS)
Emerging Of Real Estate Sector with the Introduction of RERA, 2016
Before introducing the Real Estate (Regulation and Development) Act (RERA), the real estate sector faced several challenges, such as lack of transparency, financial discipline, skewed transactions favouring the developers, and limited grievance redressal forums for consumers.
5 Benefits of Taking a Home Loan From PNB Housing
Home loans can help people purchase an apartment/home of their choice/dreams. Often, people want to buy a new home but don't have ample funds. If they wait to gather the funds, the home rates might go up.
Nishtha Bothra, AIR-2, CA Inter, May 2022 in an Exclusive Conversation with CAclubindia
Nishtha Bothra became AIR-2 with an amazing score of 658 out of 800, making upto 82.25%. CAclubindia congratulates her and wishes for a wonderful career in the field of Chartered Accountancy.
MSME cash flow challenges and how to tackle them
25 July 2022
4463 Views
The MSMEs have gradually stolen the limelight and ensured an equitable distribution of national wealth. MSME growth and promotion have also been a priority for the Government, which recognises its importance.
Scope of pre-packed and labelled items
With effect from the 18th July 2022, this provision undergoes a change and GST has been made applicable on supply of such "pre-packaged and labelled" commodities attracting the provisions of Legal Metrology Act.
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