CAclubindia Articles

House Rent Allowance - A Tax planning tool for Salaried Persons

Posted by CA Chandra Kishore Bajpai 25 September 2020 15831 Views

House Rent Allowance (HRA) is the second component that is found in each payslip after the basic salary. There are numerous doubts regarding this provision. Some of the popular questions have been answered in our article.

FAQs on Reduction in statutory rate of EPF contribution from 12% to 10%

Posted by Mita Basak 25 September 2020 3784 Views

A reduction in the statutory rate of EPF contribution from 12% to 10% came into place in order to increase the take-home pay for employees. Read the FAQs on this measure here.

Significant Beneficial Ownership - Part 1

Posted by Brajesh Kumar 24 September 2020 4430 Views

The concept of Significant Beneficial Ownership is brought by the Ministry of Corporate Affairs ("MCA") to identify those individuals who indirectly control or exercise significant shareholding in the Company through layers of artificial entities like Companies or LLPs.

Interpretation of Significant Beneficial Ownership undergoes any change - Part 2

Posted by Brajesh Kumar 24 September 2020 4411 Views

This article is in continuation of our previous article on Significant Beneficial Ownership which explains this new concept.

Export Incentives in India - Latest List of 20+ Export Promotion schemes

Posted by Guest 24 September 2020 15501 Views

Export Incentives in India - Latest List of 20+ Export Promotion schemes

Depreciation Allowance under Sec 32 of the Income Tax Act, 1961

Posted by Puneet Taneja 24 September 2020 12063 Views

As per section 32 of the Income Tax Act, 1961, depreciation is allowed on tangible assets and intangible assets owned, wholly or partly, by the assessee and used for the purposes of business or profession.

GST Rates on Goods and Services under various Tax Slabs, 2020

Posted by Puneet Taneja 24 September 2020 19761 Views

GST legislation has been in place from 1 July 2017. The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18%, and 28% under GST.

RBI's COVID-19 Regulatory Package

Posted by CS Shubham Katyal 24 September 2020 4145 Views

A day after Finance Minister Nirmala Sitharaman unveiled a Rs 1.7 lakh crore economic welfare package for the poor in the backdrop of the coronavius pandemic, t...