CAclubindia Articles

Key Legal Provisions Applicable to Charitable Trusts and Institutions

Posted by CA Jaydeep Babubhai Vadher 29 July 2025 620 Views

Explore a comprehensive guide to the taxation and regulatory framework for charitable trusts and institutions under the Income-tax Act, 1961. Learn about registration, exemptions, compliance, anonymous donations, and investment rules applicable to NGOs and non-profits in India.

Unraveling Geopolitical Uncertainty: The Petrodollar, Monetary Policy and the Shifting Global Order

Posted by Affluence Advisory 29 July 2025 79 Views

Explore the historical roots and strategic evolution of U.S. dollar dominance in global finance from Bretton Woods to petrodollars, trade wars and the rise of gold and crypto. Understand how America may be quietly orchestrating a stealth monetary reset amid shifting geopolitical and economic tides.

Decoding the Business Codes in ITR

Posted by CA Umesh Sharma 29 July 2025 732 Views

Explore the significance of newly introduced business codes in ITR filings as explained by Krishna to Arjuna. Learn how these updates, including AI integration, aim to improve tax compliance and reflect emerging sectors like social media and trading.

Self Transfers and Contra Entries in ITR Now Mandatory If You Have Rs 50L in Savings

Posted by CA Ruby Bansal 28 July 2025 70590 Views

Reporting all self-bank transfers, UPI-wallet movements, and interbank transactions is now mandatory in ITR filings. If your total savings deposits exceed Rs 50 lakh, ITR filing is compulsory even with income below the taxable limit. Learn how to report contra entries and stay compliant.

Madras High Court Rules in Favor of Beneficial Nominee Under Section 39(7) of Insurance Act

Posted by FCS Deepak Pratap Singh 28 July 2025 421 Views

Madras High Court clarifies that a validly appointed beneficial nominee under Section 39(7) of the Insurance Act is entitled to the full insurance proceeds. In this case, the Court upheld the wife's right as a beneficiary nominee, while allowing a voluntary 1/3rd share to the insured's mother.

CBDT Interest Waiver under Section 201(1A)(ii)/206C(7): Time-Bound Relief for TDS/TCS Defaults Due to Technical Glitches

Posted by CA Varun Gupta

28 July 2025 8232 Views

This article analyses the legal framework, compliance requirements, and strategic roadmap for deductors/collectors and tax professionals to utilise this waiver facility effectively.