CAclubindia Articles

Can You Change Tax Regime When Filing Belated ITR from the Previous Year?

Rashmi 12 August 2023 at 08:55

Missing the initial deadline to file your Income Tax Return (ITR) for the fiscal year 2022-23 (Assessment Year 2023-24), which was July 31, 2023, need not cause undue concern. You can still submit your ITR after the original deadline by paying a penalty.

Annual Filing Due Date Calendar - Aug to Nov 2023

CS Divesh Goyal 11 August 2023 at 09:52

In this article, the author shall discuss the due dates of ROC forms in relation to the Companies Act and LLP Act in the months of September, October, and November 2023.

Chess and Life: Life Lessons From the Chessboard

CA Manish 11 August 2023 at 09:02

The ancient game of chess is not just a contest of tactics and strategy on a 64-square battlefield; it also serves as a profound metaphor for life itself. Within the calculated moves and strategic planning lie invaluable life lessons that can guide us through our personal and professional journeys.

A Guide to Mastering Tax Deductions and Exemptions While Staying Compliant

Rashmi 11 August 2023 at 09:02

When you're filing your income tax return (ITR), it's crucial to be cautious while claiming tax exemptions and deductions. The tax department might ask for proof of the deductions and exemptions you've claimed in your ITR, both for the current year and past years. If you can provide the required evidence, there's no need to worry.

42 FAQs on UAN and KYC issued by EPFO

Shivani 10 August 2023 at 17:32

FAQs on UAN and KYC issued by EPFO

Buy or Rent: Which is the Better Choice?

Mitali 10 August 2023 at 15:53

Here is the detailed analysis regarding whether to buy a house or rent one in India, taking into account various factors, including income tax laws.

GSTR-2A Reconciliation: A Comprehensive Guide

Nikita Agarwal 10 August 2023 at 15:21

GSTR-2A is a document generated for recipients of goods and services under the Goods and Services Tax (GST) system in India. It is an auto-drafted statement that contains the details of purchases made by a taxpayer from registered suppliers.

Taxing Credit Card Service Interest and Loan Interest - Banks Seek GST Council Clarification

Vivek Jalan 10 August 2023 at 09:08

Interest as credit card services is leviable to GST… Interest on loan is not – Banks may seek clarity from GST Council

A Guide to the Best Side Market Experiences

Nikita Agarwal 09 August 2023 at 09:07

The phrase "share market both ways" typically refers to the stock market's ability to move in two directions: up and down. In other words, it suggests that the stock market can experience both bullish and bearish trends.

CA - A journey of Ups and Downs of CA Aspirants

CA. Rohit Porwal 09 August 2023 at 09:07

Firstly, I admire the courage of all CA foundation students to think about one of the toughest Examinations in the country. One can understand the toughness of the exam with the number of candidates appearing in this examination. In May 2023 total of 103517 students appeared for the CA foundation exam.