CAclubindia Articles

Pension + FD = Rs 20 Lakh: Will a Senior Citizen Pay Tax in FY 2025-26?

Poojitha Raam Vinay 18 June 2025 at 12:11

Applicable Tax Regime Options for Senior Citizens

Applicability of Valuation Certificate under FEMA and Companies Act

Affluence Advisory 18 June 2025 at 08:44

This article provides a detailed examination of the applicability and requirements surrounding valuation certificates under both statutory frameworks, clarifying when such certifications are necessitated, the methodologies to be followed, and the authorized professionals qualified to issue them.

RBI's Rs 2 Lakh Penalty Cap: A Welcome Relief for Minor FEMA Violations

Affluence Advisory 18 June 2025 at 08:41

The Reserve Bank of India (RBI) has announced a major compliance relief for minor violations under the Foreign Exchange Management Act (FEMA).

600 Milestones of Tax Wisdom: The Roadmap to ITR Filing

CA Umesh Sharma 17 June 2025 at 08:48

Confused about which ITR form to file? Join Arjuna and Krishna in this enlightening tax journey as they decode ITR-1 to ITR-6, helping every taxpayer pick the right path for smooth and penalty-free filing.

Cryptocurrency & Taxation in India: What Businesses and Investors Often Miss

CA Shiwali Dagar 17 June 2025 at 08:48

Discover the 8 most common crypto tax mistakes in India - from misinterpreting the 30% flat tax and ignoring 1% TDS rules to misclassifying assets and missing foreign income disclosures. Avoid penalties with the right compliance strategies under Section 115BBH, 194S, and GST laws.

GST Compliance for Freelancers in India: Common Mistakes and How to Avoid Them

CA Varun Gupta 17 June 2025 at 08:48

This article highlights the most common compliance mistakes made by Indian freelancers under the GST law and provides clear guidance on how to ensure lawful compliance.

Sold Gold Jewellery Worth Rs.25 Lakh to Buy a House: Is Tax Applicable For FY 2025-26?

Chaitra Seetharam 16 June 2025 at 11:18

Under the Income Tax Act, 1961, gold jewellery is classified as a capital asset. This means any profit earned from its sale is taxable as capital gains, depending on how long you held it.

Compliance Roadmap for Newly Registered NBFCs

Affluence Advisory 16 June 2025 at 09:19

The NBFC business is really taking off these days, and a lot of new players have jumped in. Many have gotten their approval from the RBI and the Certificate of Registration (CoR) to start operating as NBFCs.

How AI is Reshaping the Accounting World

Workspace Tool 16 June 2025 at 08:39

Accounting Software changed the way we used to look at accounting. And, now a new revolution is coming again that is the introduction of Artificial Intelligence (AI) in Accounting.

LUT under GST for Export of Services - Complete Guide to Zero-Rated Supply Compliance, Rule 96A Conditions & RFD-11 Filing

CA Varun Gupta 16 June 2025 at 08:32

This article provides a comprehensive overview of "Export of Services" under the GST regime, with a focus on the legal definition, compliance requirements, and the mechanism of filing Letter of Undertaking (LUT) for exporting without payment of IGST.