CAclubindia Articles

How to Calculate House Rent Allowance under the Income Tax Act?

Ritik Chopra 04 June 2021 at 08:57

Sometimes the employer does not provide rent-free accommodation but instead helps the employee in paying rent by providing an allowance. The amount of cash paid is known as House Rent Allowance.

Internal Audit Evidence

CA. Heet Shah 04 June 2021 at 08:57

Information collected from underlying entity records and processes, as well as information from the performance of various audit activities and testing procedures forms part of "Internal Audit Evidence" based on which auditor forms his opinion.

Planning of Internal Audit Assignments

CA. Heet Shah 04 June 2021 at 08:57

An Audit Committee is required to formulate the overall internal audit plan of the company which includes planning the scope, functioning, periodicity, and methodology for conducting the internal audit.

Persistence: The key to success

CA. Heet Shah 04 June 2021 at 08:57

Think about all of the famous entrepreneurs - Arianna Huffington, Steve Jobs, Elon Musk, Bill Gates etc. They all showed up every single day. They showed up when they didn't want to. Thus, Persistence is the key to success.

Difference Between Ethics And Law You Should Know

Tushar Pahade 04 June 2021 at 08:57

Ethics guide us that everything is the best activity in all walks of life, while the law as a whole contains clearer principles so that society and its foundations can be preserved.

CA Final DT Direct Tax Laws and International Taxation Video Classes

CCI Team 03 June 2021 at 15:12

Suggesting the best faculty for CA Final Direct Tax Laws and International Taxation paper for new and old course. The courses mentioned here are available in Google Drive Format, Pen Drive Format and Video Lectures Format.

Relaxation on Levy of Additional Fees: Updated list by MCA

CS Tanveer Singh Saluja 03 June 2021 at 14:40

The MCA has again revised the list of forms for which relaxation was provided vide General Circular No. 06/2021 & 07/2021, by adding 13 new forms in the existing list. Same has been listed in this article.

Section 194Q: TDS on Purchase of Goods Exceeding Rs. 50 Lakhs

CA Pankaj Agarwal 03 June 2021 at 09:50

As per Section 194Q, a buyer is supposed to deduct 0.1% TDS on the purchase of goods from a resident seller, the value of which exceeds Rs. 50 lakhs in any PY.

Grandfathering Concept in Relation to Long Term Capital Gain

CS Sonamm Khandelwal 03 June 2021 at 09:41

Income from capital gains is classified as 'Short Term Capital Gains' and 'Long Term Capital Gains'. Let us understand the 'Grandfathering Concept' in relation to the Long Term Capital Gains.

An insight into E-way bill

Vaibhav Singh 03 June 2021 at 09:41

E-Way Bill is a compliance mechanism wherein, by way of a digital interface the person causing the movement of goods uploads the relevant information prior to the commencement of movement of goods and generates the same on the GST portal.