CAclubindia Articles

AOs Mandated to Issue Low TDS Certificates Based on Rule 28AA Principles

Vivek Jalan 28 February 2024 at 14:06

For issuance of Low TDS Certificate, AO cannot see profitability of assesses; But has to rely on 4 principles of Rule 28AA

5 Major issues in Goods and Services Tax (GST)

Abhishek Raja 28 February 2024 at 14:06

In this article, we will explore five significant problems in GST system.

Issues in GST Refund of unutilized ITC

Deepak Bapat 28 February 2024 at 10:07

Some issues in Refund of unutilized ITC

Section 43B of the Income Tax Act: An Analysis

Ishita Ramani 28 February 2024 at 08:52

In this article, we will take a closer look at Section 43B and understand its various aspects.

Unlock the door to tax savings with Section 80C!

CA. Akshat Parakh 28 February 2024 at 08:51

From securing your future with investments in EPF, PPF, or ELSS, to safeguarding your loved ones with life insurance premiums, 80C offers a treasure trove of opportunities.

Transport Allowance: How To calculate it?

Khush Trivedi 27 February 2024 at 11:31

Transport allowance granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty is fully taxable

Income Tax on Salary For FY 23-24

Priya Mulukutla 27 February 2024 at 11:26

This article covers steps to Calculate Income Tax on Salary for FY 23-24 followed by an Illustration considering both Old and New Regime!

Whether Section 186 is exempted to NBFC

CS Divesh Goyal 27 February 2024 at 10:56

In the following article, the author will explore a very significant subject concerning the applicability of Section 186 to non-bank financial companies (NBFC)...

Bird's Eye View on sum payable to micro and medium enterprises disallowed u/s 43B(h) of the IT Act, 1961

CA Anshu Bansal 27 February 2024 at 08:51

Section 43B of the Act provides a list of expenses to be allowed as deduction under the head 'Income from business and profession'. It states some expenses that can be claimed as deduction from the business income only in the year of actual payment and not in the year when the liability to pay such expenses is incurred even if the assessee follows mercantile basis of accounting.