CAclubindia Articles

House Rent Allowance: A Tax Saving Lifeline For Salaried Person

CA Rahul Mittal 23 July 2020 at 09:39

House Rent Allowance (HRA) is generally considered as a part of salary component and is generally added in the salary structure to help the individual to save tax

Applicability of GST on Directors Remuneration

Kartik Jain 22 July 2020 at 18:22

Applicability of GST on Directors Remuneration

FAQs: The New Consumer Protection Act, 2019

CA.KIRANKUMAR R N 22 July 2020 at 17:47

he Consumer Protection Act, 2019, seeks to revamp the process of administration and settlement of consumer disputes, with strict penalties, including jail term for adulteration and misleading ads by firms.

New ITR (Income Tax Return) Forms for AY 20-21 | Details of changes made

Ritika Agarwal 22 July 2020 at 16:18

CBDT has notified some key changes in ITR forms for AY 2020-21. The major changes made this year in all ITR seek certain questions to be answered by the taxpayers, questions related to deposits made over Rs 1 crore

Equalisation Levy - Aggressive Move to Trap Digital Economy by India

CA Harshal Sevak 22 July 2020 at 10:02

Equalisation Levy is to be charged at the rate of six per cent of the amount of consideration received or receivable by a non-resident.

FAQs on GSTR-4 Form (Annual Return)

CA.KIRANKUMAR R N 22 July 2020 at 10:02

orm GSTR-4 (Annual) is annual return which all Composition Taxpayers are required to file a return on annual basis after the end of the Financial Year which was rolled out from 01-04-2019.

Section 194N| TDS on Cash Withdrawal

CA Alexandar Gazi 22 July 2020 at 09:53

TDS Section 194N was introduced in the union budget of 2019 by the Finance Minister, Nirmala Sitharaman. The section has been further amended in Budget 2020.

Types of fraud in insurance and remedies

FCS Deepak Pratap Singh 22 July 2020 at 09:39

Insurance fraud occurs when people deceive an insurance company in order to collect money to which they are not entitled.

New Consumer Protection Act, 2019- Salient features

FCS Deepak Pratap Singh 21 July 2020 at 12:26

The new Consumer Protection Act 2019 came into force on the 20th of July. The act will replace the 34 years old act

Audit documentation requirement under COVID 19

CA Amrita Chattopadhyay 21 July 2020 at 12:05

Due to restrictions caused by the COVID 19 pandemic and the related lockdown, several restrictions are faced by the auditors in terms of visiting the client location, meeting with the client, obtaining of audit evidence