CAclubindia Articles

Section 64 - Clubbing of Income under the Income Tax Act

Posted by Taxblock 22 October 2021 3759 Views

Clubbing of Income as the term suggests, means adding the income of another person to the income of the person who is paying the tax. This term is explained under Section 64 of the Income Tax Act.

Cost Audit And Records - Section 148 Of The Companies Act, 2013

Posted by Neha Rajan Redekar 21 October 2021 107994 Views

The Companies (Cost Records and Audit) Rules, 2014 are applicable to every registered company which is engaged in the production of goods or providing services listed in Table-A or Table-B of Rule 3.

Section 44AD (4): Consequences of Opting Out of Section 44AD(1) - Part V

Posted by CA.R.S.KALRA 21 October 2021 39520 Views

If a person has opted for a presumptive scheme of taxation u/s 44AD in any one year then they have to remain in the umbrella of section 44AD for the next 5 years.

Income from other sources

Posted by Taxblock 21 October 2021 6374 Views

Incomes that do not fall under any of the other heads will fall under the head of 'Income from Other Sources'. A taxpayer who receives Income from Other Sources is eligible to deduct expenses.

Income from House Property

Posted by Taxblock 21 October 2021 2794 Views

A house property could be your home, an office, a shop, a building or some land attached to the building like a parking lot. All of these are taxed under the head ‘Income from House Property’ in an ITR.

Planning your preparation days

Posted by CMA Mrudula M 20 October 2021 5628 Views

We might clear exams by focusing only on securing marks, but it will be too late to realize the importance of knowledge and paying a price for that post qualification is definitely not wise.

What are Candlestick Charts in the Stock Market?

Posted by Ritik Chopra 20 October 2021 5546 Views

A Candlestick is a pictorial depiction of the price of a stock. It displays the high, low, open and closing prices of a stock. When read collectively, they help to identify patterns and predict future prices.

Issue Of Debentures Under Companies Act, 2013

Posted by Neha Rajan Redekar 20 October 2021 171159 Views

Debenture is a written instrument acknowledging a debt to the company. It contains a contract for repayment of principal after specified period or at option of company together with interest.

Comparative study of Section 44AD, ADA and 44AE

Posted by CA.R.S.KALRA 20 October 2021 9457 Views

Section 44AD is applicable to any business except those eligible for Section 44AE. Section 44ADA is applicable to all professions referred in Section 44AA. Section 44AE is applicable to businesses engaged in plying, hiring or leasing goods carriages.

Section 8 Company: Incorporation & Myths

Posted by ARISANKALA MANISH KUMAR 20 October 2021 1916 Views

Section 8 companies obtain their incorporation certificate from the Central Government and are liable to carry on according to rules stated by the government.