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CHARTERED ACCOUNT
'Redevelopment agreement not a property receipt, so not taxable': ITATMumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse pr...
Rs 4 crore annual income, Rs 40 crore net worth. This client still lives in a rented home, says CACA Nitin Kaushik shared the example of a client earning Rs 3.5-4 crore annually with an estimated Rs 40 crore net worth who still lives in ...
ITR-4 or ITR-3? Know which ITR form to file under presumptive taxation scheme and the documents requiredTaxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individual...
JPC weighs key changes to Corporate Laws Bill, reviews AIF-to-LLP conversion and CSR normsA parliamentary panel is examining changes to corporate law amendments. Investors may become partners in newly formed LLPs instead of trust...
Axis Bank appoints ex-Bandhan Bank CFO Rajeev Mantri as finance chiefAxis Bank has appointed Rajeev Mantri as its new finance chief. Mantri joins Axis Bank after stepping down from Bandhan Bank in June. He br...
Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him reliefEmployee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and g...
NRIs can bring USD 70-80 bn into India through FCNR deposits: ExpertNon-Resident Indians can bring seventy to eighty billion US dollars into India. This inflow is possible through the ongoing FCNR initiative...
Foreign or local? Investors at loss over GIFT fundsInvestors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide vary...
AI adoption rises, but 93% of finance professionals question AI-generated insights: ReportEven as finance teams increasingly adopt artificial intelligence (AI) to improve business decision-making, 93 per cent of finance professio...
Have an inactive foreign bank account? You may still need to disclose it in your ITR for AY 2026-27Indian taxpayers must report dormant foreign bank accounts in their ITR. This requirement applies even if accounts have zero balance and no...
Your daily anxiety may have less to do with work than your bank account, says CA Nitin KaushikChartered accountant Nitin Kaushik suggests poor financial health drives daily anxiety. Living paycheck to paycheck without savings creates...
SBI appoints Sunil Agrawal as chief financial officerState Bank of India has appointed Sunil Agrawal as its new Chief Financial Officer. Agrawal previously served as the Chief Financial Office...
UP RERA releases guideline for utilisation of IFMS fundUP RERA has introduced new regulations for collecting maintenance security funds. Developers must now deposit these funds in designated ban...
Salaried employee earning Rs 68 lakh donates Rs 12 lakh to political party, claims tax deduction; I-T dept denies it; he contests but loses in ITAT AhmedabadEmployee with Rs 68 lakh salary donated Rs 12 lakh to political party for Section 80GGC tax break; ITAT Ahmedabad upholds tax dept's order ...
ICAI puts global network guidelines on hold amid concerns by big audit firmsThe Institute of Chartered Accountants of India has paused its global networking guidelines. These guidelines encouraged domestic firms to ...
You can leave your kids crores and still fail them, warns CA and explains why money alone doesn't secure family's futureChartered Accountant Nitin Kaushik emphasizes financial literacy for heirs. He states wealth erodes without knowledge of risk management an...
Government may let statutory bodies to regulate members in multidisciplinary partnershipsThe government is considering allowing professional bodies to regulate their members within multidisciplinary partnerships. This approach w...
Think luxury SUVs in Gurgaon mean wealth? CA says many owners are trapped by Rs 2 lakh monthly EMIsChartered Accountant Nitin Kaushik highlights debt behind luxury living. Many professionals face high EMIs and career stress due to these o...
No breach of member, student or examination data, says ICAIThe Institute of Chartered Accountants of India (ICAI) on Monday stated that there has been no breach of records of its members, students o...
CA Day 2026: 6 famous Indians who are Chartered AccountantsEvery year on July 1, India celebrates Chartered Accountants (CA) Day, commemorating the establishment of the Institute of Chartered Accoun...