CAclubindia Articles

Taxability on Rent Free Accommodation

Ritik Chopra 15 June 2021 at 09:52

Discussing all about Rent Free Accommodation including its meaning, meaning of salary for this purpose, Hotel Accommodation, exempt cases and calculation for furnished and unfurnished accommodation.

Section 206AB of the Income Tax Act, 1961

Divyam Agarwal 14 June 2021 at 17:05

Discussing the provisions of section 206AB, exemption available under the section, rate of TDS, applicability of the section with section 206AA, meaning of the term 'specified person' and effective date of the section.

How you can download Form 26AS on the new Income Tax Portal?

CAJayprakash Pandey 14 June 2021 at 09:22

A new avatar - Effective from June 1, 2020, your Form 26AS will now contain information regarding tax refunds and demands (if any) against your PAN.

Section 10(15): Exempt Interest Incomes

Ritik Chopra 14 June 2021 at 09:22

Interest income is one of the most common sources of income for the general public. In this article, we will discuss all the exempt interest incomes under the Income Tax Act, 1961.

Evaluation of e-form CHG-1

SANDHYA MALHOTRA 14 June 2021 at 09:22

e-Form CHG-1 is required to be filed pursuant to Section 77, 78 and 79 and Section 384 and Rule 3 of The Companies (Registration of Charges) Rules, 2014.

Managing the Taxable Income of Corporates

Manish Gupta 14 June 2021 at 09:22

Direct Tax levied on the income of a corporate is a considerable amount of money that has to be paid to the government every year. In this article, we will discuss the tax-saving provisions available for corporates.

44th GST Council Meeting highlights dated 12th June 2021

CS Lalit Rajput 12 June 2021 at 17:46

The 44th GST Council met on 12th June 2021 to reduce the GST rates on the specified items being used in Covid-19 relief and management like hand sanitisers, face masks, gloves, PPE Kits, temperature scanners etc.

Finance Act 2021 | Did you Know? Certain Taxpayers Have to Pay Double Tax w.e.f 1st July 2021

CAJayprakash Pandey 12 June 2021 at 14:46

Section 206AB shall replace the applicability of TDS rate with a higher rate of TDS for those who have not filed an ITR for two PY when the aggregate of TDS and TCS is beyond 50,000 rupees in each of those two PY.

Unravelling the terms business, profession, vocation and occupation

Sivaraman A R 12 June 2021 at 11:04

Discussing the difference between the terms 'business', 'profession', 'vocation' and 'occupation' in the context of the Income Tax Act, 1961.

Section 115BAC of The Income Tax Act, 1961 | New Tax Regime vs. Old Tax Regime

Ashok Pitroda 12 June 2021 at 09:28

The new tax regime is available for individuals and HUFs with lower tax rates and zero deductions and exemptions available under various provisions of the Income-tax Act, 1961.