CAclubindia Articles

Issue And Redemption Of Preference Shares : Section 55 Of The Companies Act, 2013

Posted by Neha Redekar 22 April 2024 101245 Views

Preference shares are those shares which has priority over the equity shares in payment of dividend. These shares not only have a preferential right to receive dividends but also repayment of capital on winding up.

Section 194K: TDS on Mutual Fund Income

Posted by Mayank Mandora 22 April 2024 3625 Views

FM Nirmala Sitharaman proposed the addition of Section 194K in the Union Budget 2020. This section includes a tax deduction on the amount paid on the units of mutual funds.

Who is our "Sankatmochan" during Financial "Sankat"?

Posted by CA Umesh Sharma 22 April 2024 915 Views

We'll be celebrating Hanuman Jayanti, honoring Lord Hanuman, known as Sankatmochan, the one who removes troubles. With his incredible strength and devotion, he has always been a symbol of hope during difficult times. Today, in our lives, especially when we face money problems, who acts as our Sankatmochan?

Gratuity : How to calculate your eligible amount?

Posted by Priya Kashyap 22 April 2024 13337 Views

Gratuity is defined as a sum of money that is paid to the employee over and above the decided salary at the time of his retirement. It is paid

Intimation u/s 143(1) of the IT Act

Posted by Mitali 22 April 2024 1816 Views

Intimation under Section 143(1) is a notification which is sent from the IT Department after processing a taxpayer's income tax return. Usually, it informs the taxpayer about any discrepancies between their filed return and the department's computation.

Gold Price is shining - Know the reasons

Posted by Affluence Advisory 22 April 2024 619 Views

Gold operates under the fundamental price dynamics of supply and demand, similar to other capital markets. However, the couple of underlying factors influencing these dynamics are often more distinctive and can be both rational and irrational.

Various Types of Trusts and their Importance

Posted by Ishita Ramani 22 April 2024 380 Views

Trusts serve several functions and are a vital component of the Indian legal system. A legal arrangement known as a trust designates a trustee to hold assets on behalf of beneficiaries. There are various types of trusts with distinct functions in India. The six distinct categories of trusts in India will be covered in this article.

New EPFO Withdrawal Policy: Get 1 Lakh for Medical Treatment When You Are In Need

Posted by Mitali 21 April 2024 2423 Views

With effect from April 16, EPFO new withdrawal policy allows an account holder to withdraw up to INR 1 Lakh for medical treatments. This announced is made via a circular which allows an account holder to claim up to INR 1 Lakh for the treatment of illnesses for themselves or their family members.

Tax Rules for NRIs Working Remotely from India

Posted by CA Arun Tiwari 20 April 2024 1359 Views

In this article, we'll explore these tax rules for NRIs who work remotely from India for foreign companies. We'll look at what NRIs need to think about and what it all means.

Filing ITR is Mandatory despite Income below Exemption Limit

Posted by CA Pallav Singhania 20 April 2024 19034 Views

According to the Income Tax Act of India, individuals are mandated to file an Income Tax Return (ITR) only if their annual income surpasses the basic exemption limit.