Popular Articles

How to Calculate the Taxable Income on Salary?

M Venkat 22 January 2021 at 15:06

Discussing Section 15 and 17(1) of the Income Tax Act which lays down provisions for calculation of taxable income on salary in the new and old tax regime.

TDS Under Section 194Q v/s TCS under section 206C(1H)

CA CMA Piyush Taurani 19 June 2021 at 11:04

Section 194Q/206C(1H) states that TDS/TCS @ 0.1% shall be deducted when the aggregate value of purchase/sale of goods during the year exceeds Rs. 50 lakhs.

Sample Format for Creditors Confirmation

CA Ramanujan Sharma 17 April 2023 at 08:57

In this article author has discussed about the External confirmation and shared the sample format for obtaining Creditors Confirmations

Amendments in relation to residential status as per Finance Act 2020

Grishma Mody 22 April 2020 at 10:48

One of the major changes in the Finance Act, 2020 ('FA, 2020') is with respect to amendments in residential status criteria, which directly impacts the Non Resident Individual (NRI) community.

Examinations: The after hours

Dr. Paras Jain 29 November 2010 at 10:27

I was standing place to meet a Principal friend of mine and that was a CA Final examination centre.Curiously, I saw, observed that quite a good number of were with print outs of caclubindia articles and it flattered me to find that the summary of cas

Gold Schemes - Pre Diwali gift by PM Modi

CA Neha Gupta 09 November 2015 at 11:42

Launching of Gold Schemes on 5 November, 2015 is a great Pre Diwali Gift to all Indians by our Prime Minister Shri Narendra Modi. It�s �sone pe suhaga� for our country. If India has 20000 tonnes of gold, worth Rs. 55 Lakhs Crores, w

Points to be considered for opting composition scheme

SUPRIYA 08 July 2017 at 10:27

What are the points that one should consider before choosing whether to go for Composition scheme or Regular Dealer

GST Rate Applicability at the rate of 5% on Educational Institution/Universities

CA AMIT KUMAR SHARMA 18 June 2021 at 17:41

Merely having a University/Educational Institution is not sufficient for applicability of Notification No. 45/2017 - Central Tax (Rate) and 47/2017 - Integrated Tax (Rate), for applicability of concessional tax rate of 5%.

Net Present Value (NPV) - Formula, Meaning and Calculator

Ayisha Anis 24 October 2020 at 11:32

Learn how to use the Net Present Value formula, its advantages, limitations, and how to calculate NPV on excel.

Implementation of GAAR - Postponed to April 1, 2016

PRIYANKA WADHAWAN 22 January 2013 at 15:36

Dear All, We are pleased to inform that the Ministry of Finance has decided to postpone the implementation of GAAR and shall be applicable from 1st April, 2016.