CAclubindia Articles

Deduction under section 54EC on Capital Gain

Anirban Sinha 22 May 2021 at 09:42

The tax deduction is available under section 54EC of the Income Tax Act. 54EC does not allow any tax exemption on short-term capital gain tax.

All about CSR

Brajesh Kumar 21 May 2021 at 19:29

CSR is a concept wherein, certain companies are required to spend 2% of their Net Profit towards creating a social impact. This includes promoting health care, education, ensuring environmental sustainability etc.

Everything about CMA Training

CMA Mrudula M 21 May 2021 at 18:29

CMA training emphasizes on developing skill-sets to apply knowledge in various professional fields, gaining practical exposure in various organizational structures and developing employable and future-ready professionals.

Income Tax Benefits Available to Individuals and HUF - Part 1

Neethi V. Kannanth 21 May 2021 at 18:07

Under the provisions of the Income Tax Act, various benefits are provided to Individuals and HUF. Through this article, let us understand some basic exemption limits and relief available to them.

GST Saga on Health Care Services - Scope of Composite Supply of Health Care Services

Bimal Jain 21 May 2021 at 17:55

In the GST regime, the Government minimized the burden of tax by exempting certain health care services as welfare measures for the citizen of the country. Discussing some judicial pronouncements related to Health Care Services.

Extension of Income Tax due dates for the AY 2021-22 related to the FY 2020-21

Susmita Dutta, CA , CPA 21 May 2021 at 16:22

CBDT, in exercise of its power under section 119 of the Income-tax Act, 1961, provides relaxation on Income Tax due dates as per Circular 9 of 2021 dated 20th May 2021.

Extension of Time Limit for Income Tax Compliance

CA Rahul Mittal 21 May 2021 at 15:36

In order to provide further relief to taxpayers in view of the COVID-19 pandemic, CBDT vide circular No. 09/2021 has further extended the time limits of certain compliances.

Income Tax (CBDT) Due Date Further Extended beyond May, 2021

CS Lalit Rajput 21 May 2021 at 09:42

CBDT has issued a circular w.r.t. extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic and spike in COVID-19 cases.

Account Statement Analysis in Bank Audit

Udit Vyas 21 May 2021 at 09:42

Discussing the account statement analysis in the case of Cash Credit and Term Loan Accounts as these are the advances that contribute maximum in the bank’s fund based advance portfolio.

Standards on Review Engagements (SREs): SRE 2400 (Revised)

Tanuj Chandra Saxenaa 21 May 2021 at 09:41

The main purpose of reviewing a financial statement is to allow professionals to report whether anything has caught their attention which causes them to believe that financial statements aren't prepared in all material respect.