CAclubindia News


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 |   390 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 |   210 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 |   180 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 |   4935 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 |   1209 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 |   822 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 |   4677 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 |   3711 Views


Clarification on Reporting Rental Income: New Tax Rules from April 2025

   26 July 2024 at 09:03

Reporting of income from letting out of house property under 'Income from House Property'

Posted in Union Budget |   3636 Views


Finance Act 2024: Key Changes to Securities Transaction Tax Rates

   26 July 2024 at 09:03

Revision of rates of securities transaction tax by amendment to the Finance (No.2) Act, 2004

Posted in Union Budget |   327 Views