CAclubindia Articles

Tax Regime Selection 2025: A Simple Guide for Smart Decisions

CA Jaydeep Babubhai Vadher 11 June 2025 at 08:36

The government has made the new tax regime even more attractive by increasing the rebate under Section 87A to Rs 60,000. This single change has made income up to Rs 12 lakh completely tax-free under the new regime.

Startup Ecosystem in India and Role of CAs in Securing Funding for Startups: From Due Diligence to Financial Modeling

CA Shiwali Dagar 11 June 2025 at 08:36

Explore India's vibrant startup ecosystem - from what defines a startup to key players like Zomato and Sequoia, government schemes, funding stages, valuation methods, and the crucial role of Chartered Accountants in securing startup funding and ensuring compliance.

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.