CAclubindia Articles

What is ITR-U Form and How to File It?

Sparsh Wadhwa 29 March 2025 at 08:26

The Income Tax Return Updated Form (ITR-U) is a provision that allows taxpayers to rectify errors or omissions in their previously filed ITRs. Introduced in the Union Budget 2022, this form enables taxpayers to file an updated return within two years from the end of the relevant assessment year.

Important Tasks to do before 31st March 2025

CA Niyati Soni 28 March 2025 at 08:35

Don't miss these crucial financial deadlines! Key tasks to complete before 31st March 2025, including tax-saving investments, ITR filing, and compliance updates..

Supreme Court Clarifies Differences Between Gift, Settlement and Will in Property Dispute

Rashmi 28 March 2025 at 08:31

A recent case of the Supreme Court was about a legal dispute between a daughter and a son over a piece of property given to the daughter by their father.

OPC vs. Private Limited Company: Annual Return Filing

Ishita Ramani 27 March 2025 at 08:31

This article will help you understand the annual filings for OPC and Private Limited Company.

Finance Bill 2025: Key Amendments, Budget Overview and Economic Impact

Rashmi 27 March 2025 at 08:24

The Lok Sabha passed the Finance Bill 2025 on March 25, 2025, incorporating 35 government amendments. This marks a crucial step in the Budget approval process for the fiscal year 2025-26

Provisions Relating to the Foreign Currency - Transfer of Shares and its Reporting Thereto

Affluence Advisory 26 March 2025 at 08:31

The Reserve Bank of India ("RBI") has notified Master Direction for Foreign Investment in India Updated up to January 20, 2025), read with Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI Rules) and Foreign Exchange Management

Understanding the Income Tax Assessment Process: Key Sections, Notices and Timelines

CA Jaydeep Babubhai Vadher 26 March 2025 at 08:31

Assessee files the Income Tax Return (ITR) electronically via the Income Tax Portal.

How to File ROC Returns Online for a Pvt. Ltd Company

Ishita Ramani 25 March 2025 at 08:31

In this article, we will give an explanation on How to File ROC Returns Online for a Pvt. Ltd Company and its benefits.

Important Things from GST Aspect to Remember this March 2025 ending!

CA Umesh Sharma 25 March 2025 at 08:27

This week marks the end of the financial year 2024-25. The taxpayers are curious as to what shall be done before this year end to better prepare for the new financial year 2025-26.

Incentive Scheme Launched to Promote Low-Value UPI Transactions: What Small Merchants Need to Know

CA Jaydeep Babubhai Vadher 25 March 2025 at 08:27

The Government of India has announced an incentive scheme to promote low-value BHIM-UPI (Person to Merchant) transactions for the financial year 2024-25