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CAclubindia Articles


Prudent Use of AI in GST

Posted by Raj Jaggipro badge 21 November 2025 315 Views

WHEN AI SPEEDS UP, WISDOM MUST STEP UPArtificial Intelligence-often called A.I.-has had an incredible journey to become the amazing technology it is today. Its ...



Penalties and Late Fees for Not Filing GST NIL Returns on Time

Posted by Kapil kumar 21 November 2025 7119 Views

Filing GST returns is mandatory even with zero sales or purchases. Learn what a GST Nil Return is, why it must be filed, how to file Nil GSTR-1 and GSTR-3B online, and the late fees for non-compliance



Non-Filing of ITR and Non-Payment of Taxes May Lead to Prosecution u/s 276C

Posted by Vivek Jalan 21 November 2025 784 Views

Non-filing of ITR or non-payment of taxes can trigger prosecution under Section 276C of the Income Tax Act for willful tax evasion. Penalties include rigorous imprisonment up to 7 years and fines, especially where evasion exceeds Rs 25 lakh.



Two PAN Cards Only But Fined Rs 60,000 and 7 Years Jail

Posted by Mitali 20 November 2025 641 Views

Under Indian law, holding more than one PAN card is considered illegal and invalid. Earlier, the penalty under section 272B for possessing multiple PAN cards wa...



LLP Registration vs Private Limited Company: Which is Better for Your Business?

Posted by Kapil kumar 20 November 2025 162 Views

Understand the key differences between LLP and Private Limited Company to choose the best business structure for your startup. Explore ownership, compliance, taxation, fundraising ability, flexibility and long-term suitability to make an informed decision tailored to your business goals.



IBBI Proposes Major Reforms to Enhance Transparency and Safeguards in CIRP: A Deep Dive

Posted by CA Jaydeep Babubhai Vadher 20 November 2025 62 Views

Explore key proposals from the IBBI’s November 2025 Discussion Paper aimed at strengthening the Corporate Insolvency Resolution Process (CIRP).



Regulatory Overview: NRI/OCI Investments in Indian Partnerships under FEMA

Posted by Affluence Advisory 20 November 2025 312 Views

A comprehensive guide to NRI and OCI investments in Indian partnership firms under FEMA. Learn key rules, eligibility, permitted modes of investment, prohibited sectors, reporting requirements, repatriation norms, and FAQs to ensure compliant foreign investment in India.



Recent Slowdown in ITR Processing: Tax Refunds on Hold

Posted by Poojitha Raam Vinay pro badge 19 November 2025 15068 Views

ITR refunds for FY 2024-25 are delayed as CBDT tightens verification, flags high-value claims, checks AIS/26AS mismatches, and upgrades systems. Learn why refunds are slower and what taxpayers can do to avoid delays.



No ITR If You Receive Up to Rs. 39500 Monthly as Pension Income

Posted by Mitali 19 November 2025 3580 Views

Understand when pensioners earning up to Rs 4.74 lakh need NOT file ITR under the New Tax Regime, key exceptions, and conditions that still mandate income tax filing.



Income Tax Notice for Rs 15 Lakh in Bank Locker: Know The Reason

Posted by Mitali 19 November 2025 3938 Views

Learn how Rs.15 lakh cash found in a bank locker led to an Income Tax notice and the importance of proper documentation to avoid tax addition.




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