CAclubindia Articles

ITR U - How to file ITR of previous 3 years

Sparsh Wadhwa 16 March 2024 at 07:22

The updated return, or ITR-U, was put forward in the Union budget of 2022 to provide taxpayers with an additional chance to submit if they missed the deadline for filing their tax returns late or to correct any mistakes they made.

Decoding Tax Updates: Major Revisions in ITR Forms for AY 2024-25

CMA Sonam Verma 15 March 2024 at 14:54

A comprehensive analysis of the new ITR Forms has been conducted, focusing on identifying key changes and introducing new requirements compared to the previous year's ITR Forms.

ITAT Judgement - Ignorance of the Provisions of Section 269 will initiate penalty proceedings u/s 271E

Affluence Advisory 15 March 2024 at 14:54

ITAT: Upheld penalty, states that poor history of clearance of cheque is not valid reason to make repayment in cash and against the mode prescribed under Section 269T of the Income-tax Act, 1961.

GST on Flat Purchase for FY 2023-24

Priya Mulukutla 15 March 2024 at 11:15

Buying a house is a significant and often long-term investment of money. GST is to be considered in such transactions. Knowing whether or not GST is applicable shall affect the budgeting of the buyer on such a purchase.

Making SME Payments by 31st March 2024 for compliance u/s 43B(h) of Income Tax Act

Vivek Jalan 15 March 2024 at 08:48

In this article, we pen down the statutory requirements and analysis of this new amendment in detail.

What are the Patent Laws in India?

Ishita Ramani 15 March 2024 at 08:48

This article covers information like Patent Law in India, "What is a Patent?", Patent Filing Process in India and Patent Rights in India.

Advance tax e-campaign based on significant transactions

Sparsh Wadhwa 15 March 2024 at 08:48

The Income Tax Department has received information on financial transactions relating to XXXX SINGH PAN XXXXX1650X for Financial Year 2023-24 (AY 2024-25). It is seen that your advance tax payment for F.Y. 2023-24 is apparently not commensurate with such financial transactions undertaken by you during this period.