CAclubindia Articles

Unveiling India's Real Estate Appeal: Simplified Taxes and Indexation Benefits for NRIs

CA Arun Tiwari 13 April 2024 at 06:38

This article delves into the reasons behind NRIs' interest in India's real estate, focusing on simplified taxes and indexation benefits.

GST Advisory on Re-filing GSTR-3B

CA Anoop Kumar Sharma 12 April 2024 at 17:08

The Goods and Services Tax (GST) Department has recently sent out an advisory to specific GST taxpayers about the first chance given to correct errors in their previously filed GSTR-3B forms. This facility was provided due to discrepancies found between the data stored in the GST system and the data that was actually submitted regarding ITC claims, tax payments, etc.

For Tax Filing - Analyze the Old & New Tax Regime

Affluence Advisory 12 April 2024 at 08:36

Lately, a lot of confusion has sparked on various internet platforms regarding the tax changes for the financial year (FY) 2024-25. However, the Ministry of Finance has put that to rest by putting out a clarification vide its Twitter handle that there are no changes on the tax rates as on 01.04.2024.

Importance of Decision-Making information in SMEs: Harnessing the Power of Data-Driven Decision-Making

Sundaran.D 12 April 2024 at 08:36

In a dynamic and increasingly globalized business world, unforgiving small and medium-sized enterprises (SMEs) are constantly dealing with many problems. challenges that hinder their growth and sustainability. Every decision in the operation of small and medium-sized enterprises, which limits the use of fierce competition, can affect their development.

Why Natural Gas Should Come Under GST Regime

Mitali 11 April 2024 at 12:31

Sandeep Kumar Gupta, the chairman of GAIL, suggests that the government should promote the use of natural gas and reduce emissions in various industries. He also proposes bringing natural gas under the GST regime and extending production-linked incentives to LNG-powered vehicles.

Issues Pertaining to HRA claims

Khush Trivedi 11 April 2024 at 11:03

The Ministry of Finance recently issued a clarification regarding media reports suggesting a special drive by the Central Board of Direct Taxes (CBDT) to reopen cases linked to House Rent Allowance (HRA) claims. These reports, according to the Ministry, are not grounded in reality, and there is no substantial evidence to support claims of a large-scale reopening of cases.