CAclubindia Articles

Leave Travel Concession Claim: Provisions, Documents and Frequency

Nikita Agarwal 26 July 2023 at 08:54

LTC (Leave Travel Concession) is a tax benefit provided by the Indian government to salaried individuals for expenses incurred on travel. The LTC is primarily applicable to government employees, employees of public sector companies, and some private sector employees, depending on their employer's policies and the prevailing tax regulations.

Surge in Zero-Tax Income Tax Returns: A Closer Look at India's Tax Landscape

Rashmi 25 July 2023 at 14:29

India witnessed a record number of Income Tax Return (ITR) filings in FY23, reaching an impressive 74 million. Surprisingly, a significant portion of these filings, 70% to be precise, were zero-tax ITRs, indicating that taxpayers claimed nil tax liability

Process to Register a Delaware LLC for Non-US Resident

Ishita Ramani 25 July 2023 at 08:54

In this article, we will learn the process to register Delaware LLC for Non-US Resident

Detailed Analysis of Form DPT-3 under Companies Act, 2013 in India

Nikita Agarwal 25 July 2023 at 08:54

This article provides a detailed analysis of the DPT-3 form, its purpose, applicability, requirements, and a practical example to illustrate its implementation...

Foreign Exchange Impact & Fluctuation Risks

Bhaskar Aabad 24 July 2023 at 15:46

Have you ever wondered that Why is there a risk of foreign currency associated with every Export-Import House? And what are those risks? Why do Foreign Currency..

Issue of bonus share by companies to its members

Monika Bahuguna 24 July 2023 at 15:06

Bonus issue under section 63 of Companies Act, 2013 read with rule 14 of companies (Share capital and Debentures) Rules, 2014

Taxation of Cryptocurrency in India: An Overview

Amul Jain 24 July 2023 at 08:52

In this article, we will provide an overview of the taxation guidelines for cryptocurrencies in India.

Income Tax Department Tightens Scrutiny Against False Deductions and Exemptions for Salaried Individuals

Rashmi 24 July 2023 at 08:52

Salaried individuals are being warned to be cautious while filing their Income Tax Returns (ITRs) this year. The Income Tax Department has increased its scrutiny and is seeking documentary evidence against bogus deductions and exemptions claimed by some taxpayers.

How to claim deduction of interest on home loans in ITRs?

Nikita Agarwal 22 July 2023 at 14:48

When three individuals take a joint home loan and want to claim the tax benefits for the interest paid on the loan, they can do so by following these steps

Delicious Chocolate Peanut Bar: Attracting 18% GST for Indulgence

Mitali 22 July 2023 at 12:42

When it comes to the Delicious Chocolate Peanut Bar with the addition of cocoa powder, the Karnataka bench of the GSTAAR has clarified that the product falls under Chapter 18 of the GST classification.