CAclubindia Articles
Issues Pertaining to HRA claims
The Ministry of Finance recently issued a clarification regarding media reports suggesting a special drive by the Central Board of Direct Taxes (CBDT) to reopen cases linked to House Rent Allowance (HRA) claims. These reports, according to the Ministry, are not grounded in reality, and there is no substantial evidence to support claims of a large-scale reopening of cases.
Income Tax Slabs: Comparison between old Vs new regime for the FY 2023-24
Deciding which tax regime to choose it completely depends upon individual financial circumstances.
Does the Onus for Non-Compliance with Compliances rest solely with the Company Secretary?
In this case law, the Regional Director has entirely focused on the Company Secretary and stated that the Company Secretary is solely responsible for the Company's Secretarial Standards and Compliances. Read the editorial till end.
Differentiating TDS on Rent: Section 194IB vs 195 of IT Act, 1961
The Income Tax Act mandates tenants to deduct Tax Deducted at Source (TDS) on rent payments under certain circumstances. This helps collect tax from landlords at the source of income. Here's a breakdown of TDS on rent under Section 194IB and 195
Valuation Report to Save 30-40% Taxes on NRI Property Sale
In this comprehensive guide, we'll delve into the intricacies of valuation reports and how they can empower NRIs to achieve remarkable tax savings of up to 30-40% when selling a property in India.
House Rent Allowance and its exemption calculation
For salaried employees house rent allowance is a component of their salary. Unlike basic salary HRA is not fully taxable, a part of it is exempted u/s 10(13A) of Income Tax Act, 1961.
FAQs on GST E-Invoice System - Invoice Registration Portal
There are numerous doubts on GST E-Invoice System - Invoice Registration Portal currently, thus the GST Portal has launched some FAQs on the same.
Issuance of notice in Form GST ASMT-10
Goods and Services Tax (GST) is a self-assessment-based tax scheme wherein a taxpayer is required to determine its tax liability and avail the eligible credit on a periodical basis.
A Guide to Obtaining CKYC Registration for Financial Institutions in India
In India, financial institutions are mandated to obtain Central Know Your Customer (CKYC) registration from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).
Empowering MSMEs and Addressing Unauthorized Registrations
This article explores the integration of PAN in India's MSME registration, enhancing transparency and efficiency.
Popular Articles
- Individual Income Tax Return Filing Due Dates for FY 2025-26 (AY 2026-27)
- EPFO 3.0 Introduces Faster Claim Settlements and UPI Withdrawals: Latest Update For July 2026
- Kisan Vikas Patra Scheme 2026: Latest Interest, Eligibility, Maturity, Taxability and Investment Benefits
- Senior Citizen After Retirement Must Report These 5 Incomes While Filing ITR for AY 2026-27
- Section 44ADA of the Income Tax Act: Latest Rules and Questions Every Professional Asks
- GST Updates: Last Chance for Taxpayers to Complete FY 2025-26 Process
- PNB FD Interest Rates 2026 for 444 days: Maximize Your Returns Without a Long Lock-In
- AIS Income Tax Transactions: What to Report and What to Skip in AY 2026-27?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
