CAclubindia Articles

Comprehensive Comparison of Section Numbers: Income Tax Act, 1961 vs. Income Tax Act, 2025

CA Varun Gupta 18 February 2025 at 08:33

To assist with this transition, the government has released a comparison chart that maps the sections of the Income Tax Act 1961 to their corresponding sections in the Income Tax Act 2025. This chart will be highly beneficial in helping you quickly locate the new sections if you remember the old section numbers.

Company and LLP Strike Off vs. Winding Up: Key Differences and Procedures in India

Vivek Ranjan 18 February 2025 at 08:33

Businesses in India may shut down due to financial constraints, regulatory challenges, or strategic changes. The two main ways to close a Company or Limited Lia..

Impact of GSTR 2A on Input Tax Credit (ITC) Claims

Ishita Ramani 17 February 2025 at 07:34

GSTR 2A is a vehicle-generated statement in the GST portal that reflects inward materials based totally on the GSTR 1 filed via providers.

Form GST ENR-03: A Progressive Step Towards Inclusive E-Way Bill Compliance

CA Rohit Sonar 17 February 2025 at 07:34

CBIC introduced Form GST ENR-03. Effective from February 11, 2025, this form facilitates the enrollment of unregistered persons on the e-Way Bill portal, enabling them to generate e-Way Bills independently.

New Invoice Management System (IMS) in GST

CA.Sangam Aggarwal 17 February 2025 at 07:34

IMS was developed by GST Council and GSTN (Goods and Services Network) and it was launched on 1st October 2024, made available to users on 14th October for ITC computation and claim process.

Aadhaar Authentication: Latest Indian GST Update

Abhishek Raja 17 February 2025 at 07:34

To address concerns of potential revenue leakage, the Government introduced Aadhaar Authentication requirements under the Goods and Services Tax (GST) laws.

The Unstable Pillar: Why Cooperative Banks in India Continue to Falter

CA Abhishek Agarwal 17 February 2025 at 07:34

A deep dive into RBI's annual report reveals a staggering statistic: cooperative banks account for the highest number of penalties among financial institutions...

Practising Company Secretary - A Versatile Professional

Affluence Advisory 15 February 2025 at 07:27

In this article, we shall be discussing the plethora of services that a company secretary can render and the forums wherein he can appear and represent a client.

Types of Trademarks: Which One Fits Your Business or Service?

Ishita Ramani 15 February 2025 at 07:27

In this article, we shall go through the different types of Trademarks and the one that particularly suits your business or service.

Decoding Reverse Charge Mechanism (RCM) Under GST

CA. Bhavik P. Chudasama 14 February 2025 at 09:07

The Reverse Charge Mechanism (RCM) is a crucial aspect of the Goods and Services Tax (GST) framework in India, shifting the tax liability from the supplier to t..