CAclubindia Articles

Last Chance To File FY 2024-25 ITR: Two Weeks to Beat the Tax Clock

Poojitha Raam Vinay 18 December 2025 at 12:11

Missed the ITR due date for FY 2024-25? File your belated ITR by 31 December 2025 to avoid penalties, interest, loss of carry-forward benefits and compliance issues.

Consolidated FAQs on GSTR-9 and GSTR-9C for FY 2024-25

Shivani 18 December 2025 at 10:45

GSTN releases consolidated FAQs on GSTR-9 & GSTR-9C for FY 2024-25, clarifying ITC reporting, auto-population, reversals, reclaims, late fees and new table changes.

Inspection under GST - When the Law Observes Before it Acts

Raj Jaggi 18 December 2025 at 09:35

From fear to clarity, understand GST inspection, search and seizure under Section 67, its purpose, safeguards, procedures and how knowledge replaces anxiety.

Why is Timely Invoice Payment Important for Cash Flow?

Abhishek Verma 18 December 2025 at 06:57

Cash flow issues start with delayed invoice payments, not low sales. Learn how timely invoicing and strong payment discipline keep Indian businesses stable and growing.

Accepted Quantum Order but Faced Penalty? Legal Remedies Under Section 271(1)(c) & 270A

Vivek Jalan 18 December 2025 at 06:57

Acceptance of quantum additions does not automatically justify a penalty under Sections 271(1)(c) or 270A. Learn why AOs must clearly specify concealment, inaccurate particulars, under-reporting or misreporting, and how assessees can effectively contest penalties even after quantum proceedings attain finality.

Bulk Emails from @IncomeTaxIndia on ITR Discrepancies

Mitali 17 December 2025 at 16:32

Income Tax is sending bulk mails on ITR-AIS mismatches, even for genuine buys funded from savings, loans or gifts. Know why?

Received Advance Payments in December 2025: Is It Taxable in Receipt or Service Year?

Aarika 17 December 2025 at 13:33

Got advance payment for services? Know whether it is taxable in year of receipt or when work is done.

What the India-Russia Deal Means for the Indian Economy and Trade Tariffs?

Chaitra Seetharam 17 December 2025 at 11:20

India's deepening trade engagement with Russia and the EAEU via FTA talks, Programme 2030 and new logistics corridors boosts energy security and export diversification but also heightens exposure to U.S. tariffs and geopolitical trade risks.

Understanding Due Diligence: A Simple Guide to Smart Business Decisions

Affluence Advisory 17 December 2025 at 07:09

Understand what due diligence really means, why it matters before deals, and how financial, legal, tax, and operational checks help uncover hidden risks and make smarter business decisions.

Applicability of Section 269SS of the Income Tax Act, 1961 to Director's Current Account Transactions

Marimganti Tarun B.com,FCMA 17 December 2025 at 07:09

An expert analysis of Section 269SS explaining why cash infusions by directors into closely held companies, driven by business exigency or survival needs, are not “loans or deposits” and do not attract penalty under Section 271D, supported by key judicial precedents.