CAclubindia News

ICAI President applauds for reaching new horizons and meeting the expectations of all stakeholders

02 February 2023 at 17:31

Talent wins games, but teamwork wins ChampionshipsAs we approach the conclusion of the Council year 2022-23, this is my last communication in the journal as the President of the Institute.

Posted in Professional Resource | 4137 Views

Budget 2023-24: Removal of certain funds from section 80G

02 February 2023 at 13:11

Section 80G of the Act, inter alia, provides for the procedure for granting approval to certain institutions and funds receiving donation and the allowable deductions in respect of such donations to the assessee making such donations.2. Sub-section (

Posted in Union Budget | 9249 Views

Memorandum explaining provisions in Finance Bill 2023

02 February 2023 at 13:01

FINANCE BILL, 2023PROVISIONS RELATING TO DIRECT TAXESIntroductionThe provisions of Finance Bill, 2023 (hereafter referred to as "the Bill"), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the

Posted in Union Budget | 11193 Views

Finance Bill 2023

02 February 2023 at 12:23

AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2023Bill No. 17 of 2023THE FINANCE BILL, 2023 - A BILLto give effect to the financial proposals of the Central Government for the financial year 2023-2024.BE it enacted by Parliament in the Seventy-fourth Y

Posted in Union Budget | 8076 Views

Empanelment of Members to act as Observers at Examination Centres for May / June 2023 CA Exams

02 February 2023 at 08:37

It is proposed to empanel members to act as Observers for the forthcoming May/June -2023 Chartered Accountants Examinations

Posted in Students | 7482 Views

ICAI invites suggestions on tax proposals of Union Budget 2023-24

02 February 2023 at 08:36

Please submit your valuable suggestions latest by 11th February, 2023.

Posted in Union Budget | 3432 Views

CA Foundation Dec 2022 results likely to be declared on 3rd February 2023

02 February 2023 at 08:35

The results of the Chartered Accountants Foundation Examination held in December 2022 is likely to be declared on Friday, the 3rd February, 2023

Posted in Students | 5604 Views

Budget 2023-24: Increasing threshold limit for co-operatives to withdraw cash without TDS

01 February 2023 at 22:01

Section 194N of the Act provides that a banking company or a co-operative society engaged in carrying on the business of banking or a post office, which is responsible for paying any sum to any person (referred to as the recipient) shall, at the time

Posted in Union Budget | 7929 Views

Budget 2023-24: Extending the scope for deduction of tax at source to lower or nil rate

01 February 2023 at 22:01

Section 197 of the Act relates to grant of a certificate of tax deduction at lower or nil rate. It provides for assessee to apply to the Assessing Officer for TDS at zero rate or lower rate, if the tax is required to be deducted under sections 192, 1

Posted in Union Budget | 4593 Views

Budget 2023-24: Tax avoidance through distribution by business trusts to its unit holders

01 February 2023 at 21:45

Finance (No.2) Act, 2014 introduced a special taxation regime for Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InVIT) [commonly referred to as business trusts]. The special regime was introduced in order to address the cha

Posted in Union Budget | 2922 Views