Articles by Mitali

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

How Unnecessary UPI Transactions Can Trigger Tax Notices?

Mitali 25 June 2025 at 15:59

The GST department issued Show Cause Notices under Section 63 to individuals for failing to comply with GST registration.

Is It True ITD Issue Notices As You Paid Self-Assessment Tax in Past Year for Ignoring Advance Tax?

Mitali 10 June 2025 at 14:15

A Taxpayer paid Self-Assessment Tax above Rs.10,000 in the AY 2024-25, from the detail of Self-Assessment Tax payment, the IT department issues notices to a Taxpayer in the AY 2025-26.

IT Department Sending SMS for Deductions Claimed u/s 80GGC

Mitali 09 June 2025 at 16:56

The IT Department sending SMS alerts regarding the deduction claimed u/s 80GGC of the Income Tax Act i.e., against the political donations.

AI Can Never Replace CAs: India Need 50 Lakh Chartered Accountants By 2050

Mitali 09 June 2025 at 08:44

ICAI President Charanjot  Singh  Nanda at Vadodara said that AI is helpful for CAs and it will assist, but cannot replace Chartered Accountants.

Rate Cuts Ahead: MPC's June 2025 Monetary Policy Decisions

Mitali 06 June 2025 at 12:12

The MPC of the Reserve Bank of India made some important decisions regarding the country's monetary policy.

CA Firms Can Now Officially Partner with Global Firms

Mitali 29 May 2025 at 17:43

The ICAI has approved a draft regulatory framework to allow domestic CA firms to formally tie up with global accounting firms said by the president Charanjot Singh Nanda.