CAclubindia Articles

Additional Tax under section 140B

Neethi V. Kannanth 16 February 2022 at 09:00

A new section 140B has been proposed in the Union Budget,2022. If an assessee opts for filing the return under newly proposed section 139(8A), an additional tax is required to be paid under Section 140B.

Summary Assessment and Regular Assessment under Income Tax

Neethi V. Kannanth 15 February 2022 at 14:08

When a return of income has been filed by the assessee under section 139(1) or in response to a notice issued under section 142(1), the return shall be processed in the following manner

RBI Compliances for LCR to NBFC along with the changes w.e.f 31st March 2022

Arun Singh Bisht 15 February 2022 at 13:19

RBI Compliances for LCR to NBFC

Marketing: You can sell stones too

Aarti Maurya 15 February 2022 at 09:04

Title may fascinate readers that how one can sell stones. Do you find this strange? Being from commerce background 'marketing' is the term that we commonly see everyday. With right marketing tactics what cannot be sold.

Moving forward in hard times

Aarti Maurya 15 February 2022 at 09:04

There are many challenges that you have to face but we have to push ourselves forward on a rocky road. Challenging period of life will help you to rise if you handle them well.

Proposal to move towards Digital Input Tax Credit

Member (Account Deleted) 14 February 2022 at 12:07

Honorable Finance Minister had declared the Finance Budget of 2022-23 on 01st February in the Lok Sabha and proposed to substitute section 38 by the finance bill 2022. What is the major change proposed between old section and new proposed section?

Housing Loans & EMI's Business

CA Ranganatha Achar K 14 February 2022 at 12:07

Now just imagine that he has taken a 2 or 3 bedroom house by outright Purchase /Buying it from a developer and let us assume that he has taken a loan of Rs 50 lakhs at various scenarios given below @7% Rate of interest on a floating basis as explained