CAclubindia Articles
Review Of Internal Financial Control For Bank Branch Audit
The branches that are required to be covered for reporting on Internal Financial Control will be determined and scoped in by the Statutory Central Auditors.
Taxability on gifts, rewards and rewards given to Sportsperson / Olympic Participants
In India, a gift is exempted up to Rs. 50,000 and gifts from specific relatives such as parents, spouses and siblings are also exempted from tax. Gifts other than those received from specified relatives are taxable.
ITC on CSR activity: The new battleground?
The contribution of companies to fight the spread of the coronavirus would be considered CSR spending as per the Companies Act. Let us understand the applicability of GST provisions on the same.
Specific Compliances under GST- Real Estate Sector
In order to run a business smoothly without having any penal consequences, the taxpayers are required to comply with certain procedural requirements and discharge tax liabilities within the stipulated time.
Definition of persons under IT Act 1961
According to section 2(31) of the Income-tax Act, a 'person' includes - Individuals, Partnership Firms, HUF, Companies, AOP, Local authorities, or any other artificial judicial person.
Difference between EPF, PPF & NPS and tax benefits around IT Employee Provident Fund
Under this scheme, the employer and employee both contribute 12% of the employee's salary and dearness allowance to the employee's provident fund account every month.
How to determine the residential status and what are the different residential statuses
An individual may be a citizen of India but may end up being a non resident for that particular year. The residential status of different categories of taxpayers is assessed differently.
MSMEs under IBC Regime
MSMEs have a special position in the Indian economy, as key drivers of employment, growth & financial inclusion and forms major part operational creditors along with employees and trade creditors.
What are Mutual Funds?
In case of mutual funds, the mutual fund professional will take decisions on your money that is invested in the mutual fund. A mutual fund company takes money from people who are interested and re-invests.
What is Grey Market Premium (GMP)?
GMP stands for grey market premium. It is a term used to estimate the price at which the IPO share would be listed in the market. This grey market operates before the listing and it starts from the IPO start date.
Popular Articles
- Post Office Savings Account Interest Rate 2026: Is It Better Than a Bank Savings Account?
- TDS Return Due Date For FY 2026-27: Updated As Per IT Act 2025
- TCS Return Due Date: New Deadline For Tax Year 2026-27
- Sukanya Samriddhi Yojana 2026 with Interest Rate for Q2: Best Savings Scheme for Girls
- Capital Gains Exemption Under Sections 54 & 54F: Is Purchase in Spouse's Name Allowed?
- Form 130 Replaces Form 16: New Salary TDS Certificate For FY 2026-27
- How Salaried Employees can save Tax under the New Tax Regime
- Latest Changes in ITR-1, ITR-2 & ITR-4 for AY 2026-27: A Detailed Analysis
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
