CAclubindia Articles

Section 271(1)(c) Penalty Disputes: Key Legal Analysis and Case Law

CA Varun Gupta 11 June 2025 at 08:36

This article highlights the legal necessity of such specification and the significant consequences that follow from its omission, drawing from both established judicial precedent and practical experience before appellate authorities.

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.

Corporate Tax in the UAE: Rates, Exemptions and Filing Rules

Chaitra Seetharam 10 June 2025 at 11:41

Corporate tax is a direct tax imposed on the net income or profits of corporations and similar entities derived from their business activities. The regulations governing corporate tax are outlined in Federal Decree-Law No. 60 of 2023, which amends certain provisions of Federal Decree-Law No. 47 of 2022 concerning the taxation of corporations and businesses.

The Imperative of Reasoned Orders in Tax and Judicial Proceedings: A Constitutional and Jurisprudential Mandate

Abhishek Raja 10 June 2025 at 08:53

The hallmark of judicial propriety lies in reasoned orders. The Indian judiciary, through consistent pronouncements, has emphasized that every order-especially appealable ones-must reflect an application of mind, adherence to principles of natural justice, and transparency in the reasoning process.

OPC Annual Return Filing for Dormant Companies

Ishita Ramani 10 June 2025 at 08:49

One Person Company (OPC) is a popular business structure in India, as it gives the benefits of a private limited company while maintaining full control.

RBI's Crackdown on ODI Non-Compliance: A Wake-Up Call for Indian Businesses

Affluence Advisory 10 June 2025 at 08:42

In a decisive regulatory move, the Reserve Bank of India (RBI) has instructed Indian companies with unresolved issues in their past Overseas Direct Investment (ODI) transactions to settle such cases by August 25, 2025.

Know This In Advance Before Paying Advance Tax

CA Umesh Sharma 10 June 2025 at 08:42

Confused about Advance Tax and whether you're required to pay it this month? In this fictional yet informative Q&A between Arjuna and Krishna, discover the what, why, and how of Advance Tax for AY 2026–27.

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.

India Pakistan Face Off: Beware Of The Impending Threat

T.R.Radhakrishnan 09 June 2025 at 14:22

Mark Twain said, "Success is a journey, not a destination. It requires constant effort, vigilance and re-evaluation."

Melodic Wisdom For GST Professionals: Insights From Jagjit Singh's Ghazals And Life

Raj Jaggi 09 June 2025 at 11:13

INTRODUCTIONGST professionals can draw inspiration from unexpected sources, including individuals from diverse backgrounds. This article explores the valuable l..