CAclubindia News

Proposed Amendment to Section 55: Clarification on Cost of Acquisition for Equity Shares in OFS and IPOs

26 July 2024 at 14:51

Prior to Finance Act, 2018, section 10(38) of the Income Tax Act, 1961 (the Act) provided for exemption in respect of gains arising from the transfer

Posted in Union Budget & Policy | 1026 Views

Budget 2024: Exclusion of Section 194J Payments from Section 194C w.e.f 1st Oct 2024

26 July 2024 at 14:49

Excluding sums paid under section 194J from section 194C (Payments to Contractors)

Posted in Union Budget & Policy | 1524 Views

Amendment to Section 198: Inclusion of Foreign Taxes in Total Income Calculation

26 July 2024 at 14:48

Inclusion of taxes withheld outside India for purposes of calculating total income

Posted in Union Budget & Policy | 711 Views

Budget 2024: Amendment to Curb Misuse of Life Insurance Expense Deductions

26 July 2024 at 14:48

Preventing misuse of deductions of expenses claimed by life insurance business

Posted in Union Budget & Policy | 414 Views

CA Foundation June 2024 results likely to be declared on 29th July

26 July 2024 at 13:00

The result of the Chartered Accountants Foundation Examination held in June 2024 is likely to be declared on Monday, (Late evening) the 29th July 2024

Posted in Students | 348 Views

Income Tax Department Clarifies Cost of Acquisition for Pre-2001 Properties Under New Capital Gains Tax Regime

26 July 2024 at 11:21

In the realm of property taxation, a crucial issue has surfaced regarding the Cost of Acquisition for assets bought before April 1, 2001.

Posted in Income Tax | 7059 Views

Finance Act 2024: Revised TDS Provisions for Transfer of Immovable Property

26 July 2024 at 09:08

Amendment of provisions of TDS on sale of immovable property

Posted in Union Budget & Policy | 1434 Views

New TCS Rules on Luxury Goods: Section 206C Amendments w.e.f 1st January 2025

26 July 2024 at 09:07

TCS under sub-section (1F) of Section 206C on notified goods

Posted in Union Budget & Policy | 1191 Views

New TDS Rules for Payments to Partners: Section 194T w.e.f 1st April 2025

26 July 2024 at 09:06

TDS on payment of salary, remuneration, interest, bonus or commission by partnership firm to partners

Posted in Union Budget & Policy | 5061 Views

Amendment to Section 47: New Rules for Capital Gains Tax on Gifts w.e.f 1st April 2025

26 July 2024 at 09:04

Section 47 of the Act provides exclusion to certain transactions not regarded as transfer for the purposes of chargeability under 'Capital Gains' under section 45.

Posted in Union Budget & Policy | 4158 Views