CAclubindia Articles

New Bank Nomination Rules 2025 Starting From 1st November

Mitali 28 October 2025 at 11:16

From November 1, 2025, bank account holders can nominate up to 4 individuals and allocate specific percentage shares under the new Banking Laws (Amendment) Act, 2025.

Darr ke aage jeet hai: Part III - Lights, Camera, Courage!

Raj Jaggi 28 October 2025 at 09:34

Discover how legends like Amitabh Bachchan, Akshay Kumar, Anand Bakshi, and Asha Bhosle turned fear into fuel and courage into timeless success.

Last Call for Tax Compliance - File Now or Face the Consequences

CA Umesh Sharma 28 October 2025 at 06:39

The 31st of October 2025 marks a crucial date for taxpayers and professionals, with three major deadlines coinciding - the Tax Audit Report (Form 3CD), the Income Tax Return (ITR) filing for audit cases and the TDS Return for Q2.

CBIC Clarification dated 18.07.2025 puts an end to the BSS refund litigation initiated by the GST Authorities in Sikkim

Rajannaidu Karri 28 October 2025 at 06:39

The CBIC clarification dated 18 July 2025 (Letter No. CBIC-110267/107/2023-CX) has resolved the Sikkim GST dispute on excess Budgetary Support Scheme (BSS) refunds. It confirms that eligible manufacturing units in Sikkim can claim refunds based on actual value addition under the BSS notification, not restricted by the fixed cap in Para 5.8.

Mismatch in TDS But Still You Can Get Your Refund Says High Court

Mitali 27 October 2025 at 13:27

The Allahabad High Court ruled that taxpayers cannot be denied refunds merely due to mismatches in Form 26AS if valid proof of TDS, such as Form 16A, is provided. The Court emphasized that the Income Tax Department must verify discrepancies with the deductor and not penalize honest taxpayers for deductor errors.

Bank Transactions That Can Trigger an Income Tax Notice

Poojitha Raam Vinay 27 October 2025 at 11:32

Learn which high-value bank or credit card transactions can trigger an Income Tax notice, how SFT reporting works, and tips to stay compliant with ITR rules.

Which Tax Regime Is Better for the Middle Class in FY 2025-26: Old or New?

Pranab Banerjee 27 October 2025 at 06:34

Budget 2025 has reignited the Old vs New Tax Regime debate for India’s middle class. With income up to Rs 12.75 lakh now tax-free under the New Regime, should you switch or stay with the Old one?

SEBI's October 13, 2025 Circular on RPT Industry Standards: A Step Towards Ease of Doing Business

Affluence Advisory 27 October 2025 at 06:34

The Securities and Exchange Board of India (SEBI), through its circular dated October 13, 2025, has brought meaningful relief for listed entities by rationalizi..

Glitch in the System or Habitual Delay: Who's Really to Blame for ITR Filing Chaos?

Chaitra Seetharam 25 October 2025 at 12:25

AY 2025-26 e-filing faced major disruptions due to portal glitches and last-minute filings, causing refund delays and backlogs. Explore the causes, CBDT response, High Court interventions and strategies for smoother tax filing in the future.

Supreme Court on Section 153C: Why One-Year Incriminating Material Cannot Justify Six-Year Reassessments

Vivek Jalan 25 October 2025 at 09:23

Understand the key differences between Sections 153A and 153C of the Income Tax Act, 1961, and how courts have interpreted the scope of incriminating materials in search assessments.