CAclubindia Articles

Mastering in Advance Tax

CA Anoop Kumar Sharma 21 May 2024 at 08:45

In this article, we tried to explore and discuss various aspects of advance tax in India like what it is, when it applies, and how to calculate with examples and pay it timely to avoid any unnecessary interest or penalties.

Capital Gain From Foreign Shares

Khush Trivedi 20 May 2024 at 08:34

Do you know about the taxation of foreign stocks under the provisions of the Indian Income Tax Act? Let's elaborate on the same.

Section 50: Capital Gain on sale of depreciable asset

Khush Trivedi 20 May 2024 at 08:34

As we are all aware, the sale of any capital asset results in capital gain and is taxable under the Capital Gains of Income Tax Act of 1961. But have you heard that the sale of depreciable assets also results in capital gains in some circumstances? Let's understand what it is!

What Are the Advantages of Tally ERP 9 for Payroll Management?

vishal dharmadhikari 18 May 2024 at 07:24

This article explores the key advantages of using Tally ERP 9 for payroll management.

New Tariff Walls

Affluence Advisory 17 May 2024 at 08:34

Since 2018, an economic rift has persisted between China and the United States (US), spurred by a revision in the foreign economic stance under President Donald Trump's administration.

Legal Status and Ethical Considerations Surrounding Animal Welfare: An Evolving Landscape

CA Gyati Gupta 17 May 2024 at 08:34

In the annals of legal history, the treatment of non-human entities, particularly animals, has undergone a profound evolution. Once considered liable for their own actions and subject to punishment for wrongdoings, today's legal landscape offers a markedly different perspective.

Consolidated Fund of India : Who Gets Salary From This Fund?

Mitali 16 May 2024 at 13:01

Consolidated Fund of India is one of the most important government accounts which includes revenue from various sources.

Transactions Reporting under SFT

CA Anoop Kumar Sharma 16 May 2024 at 08:38

SFT is a mechanism for monitor high-value transactions conducted by Assessee/customer; a significant regulatory measure was introduced with the inception of Form 61A under Section 285BA, effective from April 1, 2004, as per Notification No. 182/2005 dated July 11, 2005.

Income Tax India's AIS Upgrade: A Closer Look at New Functionalities

Abhishek Raja 16 May 2024 at 08:38

The Income Tax Department has now upgraded the AIS functionality, allowing taxpayers to track the confirmation status of information reported by sources like banks. This new feature aims to increase transparency by displaying if the source has accepted or rejected feedback on incorrect data in the AIS.

Tax treatment of Livestock: Analysis

CA Aman Rajput 15 May 2024 at 15:22

In India, the dairy industry forms an important part of the agricultural sector and plays an important role in the growth of India's economy. Another important area is providing livelihoods to hundreds of people across rural and urban areas.