CAclubindia Articles

RBI's 2024 Guidelines for Commercial Paper and Non-Convertible Debentures

Affluence Advisory 17 February 2024 at 08:16

RBI's 2024 Guidelines: Master Direction on Commercial Paper and Non-Convertible Debentures with Up to One-Year Maturity

Salary Slip with Format and Its Important Parts

Mitali 16 February 2024 at 16:22

A salary slip or a pay slip is a document provided by an employer to an employee, with a detail list about the salary components such as HRA, LTA, bonuses, and deductions for a specific period, typically a month.

Form 67 is directory and not mandatory to claim foreign tax credit

Vivek Jalan 16 February 2024 at 14:53

It is high time that necessary amendments should be made in the Income Tax Act/Rules to incorporate the process of claiming the tax credit, where the foreign tax credit certificates are received by an assesses even after the end of the assessment year.

Empower Your Accounting Practice with 3 Leading AI Technologies

Entera Global 16 February 2024 at 14:06

In this article we discuss 3 AI-driven innovations, actively used by accountants to improve the accuracy of financial data, to free up time and make accounting more efficient.

Demystifying Section 80GGC: A Deep Dive with Vivaan & Aahil

CA. Bhavik P. Chudasama 16 February 2024 at 12:02

The bustling cafe hummed with conversation as Vivaan and Aahil, two college buddies, debated over their tax returns. Aahil, ever the tax-savvy one, mentioned claiming a deduction under Section 80GGC, piquing Vivaan's curiosity.

Why is it important to use financial software in your business?

Ishita Ramani 16 February 2024 at 08:44

In this blog, we will discuss why there is a need to use financial software in your business.

Expert Committee Proposes Voluntary Mediation in IBC Processes

CS Peer mehboob 16 February 2024 at 08:44

On February 14, 2024, the Insolvency and Bankruptcy Board of India (IBBI) released a report recommending a voluntary mediation framework for various IBC processes. The expert committee, led by Dr. T. K. Viswanathan, explored the feasibility of integrating mediation into the IBC system.

Analysis of Section 80P Deduction for Co-operative Societies

CA Aman Rajput 16 February 2024 at 08:44

In this article we will discuss the intricacies of Section 80P, drawing insights from the recent Tribunal case of Sardar Patel Co-Operative Credit Society Ltd. v. Deputy Commissioner of Income-tax, Circle-2(3) (IT APPEAL NO. 645/SRT/2023).

Tax Time Made Easy: Mastering 43B(h) with a Friendly Q&A and Year-Specific Dates

CA. Bhavik P. Chudasama 15 February 2024 at 16:53

Today, we're diving into the world of Indian Tax Law, specifically Section 43B(h) of the Income Tax Act, 1961.

Understanding NRE and NRO Accounts: Tax Implications and Differences for NRIs

CA Arun Tiwari 15 February 2024 at 08:46

Managing finances as a Non-Resident Indian (NRI) involves understanding the tax implications and differences between Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts. Both NRE and NRO accounts have specific purposes and distinct tax considerations. Let's delve into the details of these accounts and explore their tax implications.