CAclubindia News

Memorandum explaining provisions in Finance Bill 2023

02 February 2023 at 13:01

FINANCE BILL, 2023PROVISIONS RELATING TO DIRECT TAXESIntroductionThe provisions of Finance Bill, 2023 (hereafter referred to as "the Bill"), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the

Posted in Union Budget | 11124 Views

Finance Bill 2023

02 February 2023 at 12:23

AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2023Bill No. 17 of 2023THE FINANCE BILL, 2023 - A BILLto give effect to the financial proposals of the Central Government for the financial year 2023-2024.BE it enacted by Parliament in the Seventy-fourth Y

Posted in Union Budget | 8016 Views

Empanelment of Members to act as Observers at Examination Centres for May / June 2023 CA Exams

02 February 2023 at 08:37

It is proposed to empanel members to act as Observers for the forthcoming May/June -2023 Chartered Accountants Examinations

Posted in Students | 7419 Views

ICAI invites suggestions on tax proposals of Union Budget 2023-24

02 February 2023 at 08:36

Please submit your valuable suggestions latest by 11th February, 2023.

Posted in Union Budget | 3417 Views

CA Foundation Dec 2022 results likely to be declared on 3rd February 2023

02 February 2023 at 08:35

The results of the Chartered Accountants Foundation Examination held in December 2022 is likely to be declared on Friday, the 3rd February, 2023

Posted in Students | 5589 Views

Budget 2023-24: Increasing threshold limit for co-operatives to withdraw cash without TDS

01 February 2023 at 22:01

Section 194N of the Act provides that a banking company or a co-operative society engaged in carrying on the business of banking or a post office, which is responsible for paying any sum to any person (referred to as the recipient) shall, at the time

Posted in Union Budget | 7926 Views

Budget 2023-24: Extending the scope for deduction of tax at source to lower or nil rate

01 February 2023 at 22:01

Section 197 of the Act relates to grant of a certificate of tax deduction at lower or nil rate. It provides for assessee to apply to the Assessing Officer for TDS at zero rate or lower rate, if the tax is required to be deducted under sections 192, 1

Posted in Union Budget | 4563 Views

Budget 2023-24: Tax avoidance through distribution by business trusts to its unit holders

01 February 2023 at 21:45

Finance (No.2) Act, 2014 introduced a special taxation regime for Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InVIT) [commonly referred to as business trusts]. The special regime was introduced in order to address the cha

Posted in Union Budget | 2877 Views

Budget 2023-24: Limiting the roll over benefit claimed under section 54 and section 54F

01 February 2023 at 21:44

The existing provisions of section 54 and section 54F of the Income-tax, 1961 (the Act) allows deduction on the Capital gains arising from the transfer of long-term capital asset if an assessee, within a period of one year before or two years after t

Posted in Union Budget | 3261 Views

Budget 2023-24: Special provision for taxation of capital gains in case of Market Linked Debentures

01 February 2023 at 21:15

It has been noticed that a variety of hybrid securities that combine features of plain vanilla debt securities and exchange traded derivatives are being issued through private placements and listed on stock exchanges. It is seen that such securities

Posted in Union Budget | 3549 Views