CAclubindia Articles
Taxability Of Gift Received By Individual Or HUF
Gift received from relatives is exempt. Gift received on other occasions (e.g. gifts on birthday, etc.) from the non-specified person shall be taxable under the head income from other sources.
Section 44 AD: Special Provisions For Computing Profits And Gains of Business On Presumptive Basis
The presumptive Taxation scheme under Section 44AD covers all small businesses with total turnover/gross receipts of up to Rs. 200 Lakh (Except the business of plying, hiring and leasing goods carriages covered under section 44 AE).
TDS Section 194N| TDS on cash withdrawal
Section 194N specifies that a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies, co-operative society engaged in the business of banking, or a post office shall deduct TDS @ 2% of a sum exceeding one crore rupees that a person (recipient) withdraws from one or more of these accounts.
PAS-6 | Reconciliation of Share Capital Audit Report
MCA, has amended the earlier rule 9A(8) of Companies (Prospectus and Allotment of Securities) Rules, 2014 and introduced the concept of filing of PAS-6 within a period of sixty days of the conclusion of each half-year basis after certification by a Company Secretary in practice or Chartered Accountant in practice.
Internal Audit/Supervision - Why is it so Important?
Internal Audit has benefits like monthly Visits for analysis of data, guidance to accounts team and informal training, and many more.
Tax Implications on income of non-resident
Non-resident Individuals irrespective of age Limit the basic exemption limit is RS 2,50,000. There is no concept of a senior citizen or a super senior citizen.
New Income Tax Regime or Old Regime: What should a Salaried Taxpayer choose?
In the Union budget 2020, the Finance Minister proposed a New Tax Regime as an alternative to the existing Old Tax Regime.
Decoding the New Rules of Penalty Shoot-out: Faceless Penalty Scheme 2021!!
In this Taxalogue, we have decoded and explained the newly inserted rules of penalty shoot-out i.e. the newly legislated Faceless Penalty Scheme, 2021 and its provisions.
Fight is not one of knowledge vs ignorance, but of faith vs fear
Equity markets are fundamentally unknowable. No matter how much you know, you still can't prove what's going to happen in the future. In this article, the author has listed 10 basic points on investing which may prove to be fruitful.
Ways to ascertain the points required in Form 3CD from Tally ERP 9
Among the softwares that are used for the preparation of books of accounts, Tally Software is widely used. In this article, we ascertain some relevant points in Form 3CD from Tally ERP 9 while doing Tax Audit.
Popular Articles
- Senior Citizen Saving Scheme From 1 July 2026 with 5 New Rules
- Income Tax Slab for Senior Citizens Above 60 Years for AY 2026-27: With Deductions, Rebates and Examples
- TDS on Cash Withdrawals 2026: Excess vs. Entire Amount
- Input Tax Credit Under GST: The One Provision Where a Buyer Pays for a Supplier's Default
- 143(2) Scrutiny Notice Received: What is it and How to Respond Online?
- New Interest Rates on Post Office Schemes from 1 July 2026
- Best Fixed Deposit Interest Rates 2026 for General and Senior Citizens: Check Which Bank Gives Higher Returns?
- F&O, Intraday and Share Trading Losses: How to Claim Maximum Tax Benefit Through ITR-3, Set-off and Carry Forward
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
