Long-Term Capital Gains(LTCG): Tax Rates, How to Calculate, Exemptions and Examples

Long-Term Capital Gains(LTCG): Tax Rates, How to Calculate, Exemptions and Examples Profits or gains resulting from the sale or transfer of capital assets, including property, shares, bonds, and vehicles, are…

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Section 115BAC of Income Tax Act: New Tax Regime Deductions Allowed, Exemption List & Benefits

What is Section 115BAC – The New Tax Regime?Section 115BAC, introduced in the Budget 2020, established a new tax regime effective from FY 2020-21 (AY 2021-22). This regime offers reduced…

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Form PAS-6

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  • Post published:20/07/2024
  • Post category:Form PAS-6
  • Post last modified:18/08/2024
  • Reading time:9 mins read

Form PAS-6: Reconciliation of Share Capital Audit ReportForm PAS-6 is a half-yearly report required from unlisted public companies, detailing changes and status of share capital. This form must be submitted…

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Leave Encashment – Tax Exemption, Calculation & Formula With Example, Rules

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  • Post published:25/05/2024
  • Post category:CA updates
  • Post last modified:18/08/2024
  • Reading time:10 mins read

Leave Encashment - Tax Exemption, Calculation & Formula With Example, RulesHave you heard of the term ‘leave encashment’?Leave encashment is a familiar concept among salaried individuals, allowing employees to convert…

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Books of account to be maintained by the trusts or institutions

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  • Post published:25/12/2023
  • Post category:CA updates
  • Post last modified:14/05/2025
  • Reading time:4 mins read

Rationalisation of the provision of Charitable Trust and Institutions The income earned by funds, institutions, trusts, universities, educational institutions, hospitals, or medical institutions falling under sub-clause (iv), sub-clause (v), sub-clause (vi),…

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