CAclubindia Articles

Income Tax Updates: 6 Budget 2024 Rules Effective 1st October

Chaitra Seetharam 30 September 2024 at 11:27

Finance Minister Nirmala Sitharaman has announced that the Budget 2024 has introduced several significant amendments to the Income Tax Act of 1961, which will come into effect on October 1, 2024.

Closing Your NRO Account After Returning to India

CA Arun Tiwari 30 September 2024 at 08:40

In this article, we'll explain why you need to convert your NRO account into a regular savings account, how to do it, and what other financial steps you should consider.

Reporting on Audit Trail in the Statutory Audit Report

Ramesh Agrawal (LL.B , CA) 30 September 2024 at 08:37

From the Financial Year 2023-24 the Auditor is duty bound to report on Audit Trail. For reporting on Audit Trail there can be 3 situations for the Auditor. In each situation reporting language will be different.

Archived GST Return Data Restored - Don't Miss Out

Mitali 30 September 2024 at 08:33

GST Return Data which have been archived earlier it has been restored now.

Chennai's Property Tax Hike: GCC Approves 6% Increase

Niyati 28 September 2024 at 17:38

The Greater Chennai Corporation (GCC) council on 27th September 2024, approved to raise property tax at a rate of 6%.

Important Changes From 1st October 2024 In PPF Rules

Mitali 28 September 2024 at 14:51

PPF is a government scheme in India designed to encourage long-term savings investments.

Financial Concurrence in Public Sector Undertakings (PSU)

CA S K Mishra, FCA, FCMA , MBA 28 September 2024 at 08:45

In Public Sector Undertakings, powers are delegated to the officers by the management as per departmental guidelines. Financial concurrence power is exercised by officers within an organisation as per Delegation of Power (DOP).

What are Key Financial Indicators that Influence Credit Rating?

J. D. Shah Associates 28 September 2024 at 08:41

Here, we will explore key financial indicators that professionals and entrepreneurs should focus on to influence their credit ratings positively

Role of the Board of Directors in Share Transfer and Transmission of Shares

Ishita Ramani 28 September 2024 at 08:34

This article delves into the obligations and features of the Board concerning the Transfer and Transmission of Shares

How to Claim Capital Gain Tax Exemption on Redevelopment Projects?

Chaitra Seetharam 27 September 2024 at 10:45

Section 45 of the Income Tax Act, 1961, provides that any profits or gains arising from the transfer of a capital asset effected in the previous year will be chargeable to income tax under the head 'Capital Gains'.