CAclubindia Articles

TDS on sale of property under migrated E-filling portal

CA CMA Sagar Jaiswal 05 April 2023 at 08:46

As per section 194 IA of Income tax Act, 1961, TDS is applicable on sale of immovable property, if the consideration of property exceeds or equal to Rs. 50,00,000/- (Rs. Fifty lakhs). The rate of tax under the above section is 1% which is to be deducted and need to be deposited by buyer.

When an insurance policy starts to cover risk

FCS Deepak Pratap Singh 04 April 2023 at 14:08

As you are aware that Insurance is a contract between insured and insurance company, and it covers injuries /damages due to insured perils/risks. The time of commencement of risk cover is the utmost important in the insurance policy.

Section 130: Confiscation of Goods or Conveyance and levy of penalty

Harsh Kaushik 04 April 2023 at 09:01

Section 130 of the CGST ACT 2017 deals with the Confiscation of Goods or Conveyance and levy of Penalty

A Comprehensive Guide to Mahila Samman Savings Certificate 2023

Rashmi 04 April 2023 at 08:45

The Mahila Samman Savings Certificate is a new small savings scheme introduced in the Budget 2023, specifically designed for women investors to encourage investments. The scheme is available to girl children or women, and the account can be opened in the Post Office or any authorized bank.

Auto Calculate Income Tax Preparation Software for Non-Govt Employees for FY 2023-24 & AY 2024-25

Pranab Banerjee 04 April 2023 at 08:45

Section 16 of the Income Tax Act | With Auto Calculate Income Tax Preparation Software All in One in Excel for the Non-Govt Employees for the F.Y.2023-24 & A.Y.2024-25

Gist of GST notifications issued on 31st March 2023

CA Monika Motta 03 April 2023 at 16:44

GST notifications issued on 31st March 2023

New Amnesty Scheme w.e.f. 1st April 2023

CA Umesh Sharma 03 April 2023 at 13:29

GST Council held its 49th GST Council Meeting on 18th Feb 2023 & now it has issued notifications on 31-03-2023. What are these notifications?

Income Tax Calculator for FY 2023-24

Benny Thadathil 03 April 2023 at 09:45

This Article has an Automatic Income Tax Calculator in Excel Format for Financial Year 2023-24 (AY 24-25). The income Tax Calculator is Useful for salaried employees of the government and private sector.

Auto Calculate Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25

Pranab Banerjee 03 April 2023 at 08:59

The Minister of Finance has announced a new tax regime in the 2020 budget, including additional tax brackets and lower tax rates. Many taxpayers had long requested it, but it came with the condition that all deductions and deductions allowed under the old tax system would be revoked.

Auto Calculate Income Tax Preparation Software for all salaried persons for FY 2023-24 & AY 2024-25

Pranab Banerjee 03 April 2023 at 08:49

According to the actual Tax Slab on your total income found under the old or new tax system, each salaried employee will be subject to tax. Payroll employees must file income tax returns at the beginning of the 2023-2024 tax year because, after various deductions, income tax is calculated based on various tax brackets.