CAclubindia Articles

File Your ITR Even After Retirement Or Can Cost You Lakhs in Tax Penalty

Mitali 30 June 2025 at 17:51

Retirement benefits include gratuity, provident fund (PF) money etc. are received along with the salary at the time of retirement or voluntary retirement scheme (VRS).

Mahindra Holidays Faces Rs 363 Crore GST Demand Notice

Mitali 30 June 2025 at 12:50

Mahindra Holidays & Resorts India Ltd. on Sunday said that they have received a tax notice of over Rs 363 crore for the financial year 2018–19 including penalty, related to reporting of IGST on its club membership services.

CA Firm Calls Student 'Oversmart' for Asking About Stipend

Mitali 30 June 2025 at 11:39

A CA student in Faridabad sparked a heated online debate when reached out to a CA firm before applying for an articleship and asked two basic questions

Section 143(2) Income Tax Notice for AY 2024-25: Scrutiny Assessment, Faceless Process & Deadlines Explained

CA Varun Gupta 30 June 2025 at 08:41

Income Tax Notice u/s 143(2) for AY 2024-25: Scrutiny Assessment, Faceless Procedure, Time Limits & Professional Help Explained

Rule 28: Value of Supply Between Distinct or Related Persons (Other Than Through an Agent)

Rajagopal K 30 June 2025 at 08:33

Understand GST Rule 28 for valuing supplies between related or distinct persons. Learn about Open Market Value, 90% valuation, full ITC provisions, and corporate guarantee rules with practical examples.

ITC Under GST: Meaning, Eligibility & Conditions

Rajagopal K 28 June 2025 at 14:17

Input Tax Credit (ITC) is one of the core features of the Goods and Services Tax (GST) system in India. It allows registered taxpayers to reduce their tax liabi..

Compulsory Maintenance of Accounts - Section 44AA

Jatin Pal 28 June 2025 at 10:25

A question is, can a person engaged in a profession as prescribed under section 44AA(1) adopt the presumptive taxation scheme of Section 44AD?

Assessments under GST Law: A Comprehensive Overview

Pratik Dhruve 28 June 2025 at 08:31

Section 2(11) of the CGST Act defines "assessment" as the determination of tax liability under the Act, and it includes self-assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment.

Foreign Liabilities and Assets (FLA) Return under FEMA

Affluence Advisory 28 June 2025 at 08:27

This article breaks down the FLA reporting process, explaining the legal framework, required disclosures, practical compliance issues, and potential consequences of non-compliance.

Key Features Of Faceless Assessments Scheme

Khush Trivedi 27 June 2025 at 16:05

Discover the key features of the Faceless Assessment Scheme introduced by the Income Tax Department, aimed at enhancing transparency, reducing human interface, and ensuring uniformity in tax assessments across India.