CAclubindia Articles

Old ITR Forms To Shut Down from 2026

Posted by Mitali 21 November 2025 6178 Views

Important update on income tax filing: Old ITR forms discontinued, new forms and procedures to launch January 2026.

Prudent Use of AI in GST

Posted by Raj Jaggi

21 November 2025 323 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 7239 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 788 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 661 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 168 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 64 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 334 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

19 November 2025 15078 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 3583 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.