CAclubindia Articles

Last Call for Tax Compliance - File Now or Face the Consequences

Posted by CA Umesh Sharma 28 October 2025 2861 Views

The 31st of October 2025 marks a crucial date for taxpayers and professionals, with three major deadlines coinciding - the Tax Audit Report (Form 3CD), the Income Tax Return (ITR) filing for audit cases and the TDS Return for Q2.

CBIC Clarification dated 18.07.2025 puts an end to the BSS refund litigation initiated by the GST Authorities in Sikkim

Posted by Rajannaidu Karri 28 October 2025 262 Views

The CBIC clarification dated 18 July 2025 (Letter No. CBIC-110267/107/2023-CX) has resolved the Sikkim GST dispute on excess Budgetary Support Scheme (BSS) refunds. It confirms that eligible manufacturing units in Sikkim can claim refunds based on actual value addition under the BSS notification, not restricted by the fixed cap in Para 5.8.

Mismatch in TDS But Still You Can Get Your Refund Says High Court

Posted by Mitali 27 October 2025 838 Views

The Allahabad High Court ruled that taxpayers cannot be denied refunds merely due to mismatches in Form 26AS if valid proof of TDS, such as Form 16A, is provided. The Court emphasized that the Income Tax Department must verify discrepancies with the deductor and not penalize honest taxpayers for deductor errors.

Bank Transactions That Can Trigger an Income Tax Notice

Posted by Poojitha Raam Vinay

27 October 2025 18967 Views

Learn which high-value bank or credit card transactions can trigger an Income Tax notice, how SFT reporting works, and tips to stay compliant with ITR rules.

Which Tax Regime Is Better for the Middle Class in FY 2025-26: Old or New?

Posted by Pranab Banerjee

27 October 2025 252 Views

Budget 2025 has reignited the Old vs New Tax Regime debate for India’s middle class. With income up to Rs 12.75 lakh now tax-free under the New Regime, should you switch or stay with the Old one?

SEBI's October 13, 2025 Circular on RPT Industry Standards: A Step Towards Ease of Doing Business

Posted by Affluence Advisory 27 October 2025 535 Views

The Securities and Exchange Board of India (SEBI), through its circular dated October 13, 2025, has brought meaningful relief for listed entities by rationalizi...

Glitch in the System or Habitual Delay: Who's Really to Blame for ITR Filing Chaos?

Posted by Chaitra Seetharam 25 October 2025 4607 Views

AY 2025-26 e-filing faced major disruptions due to portal glitches and last-minute filings, causing refund delays and backlogs. Explore the causes, CBDT response, High Court interventions and strategies for smoother tax filing in the future.

Supreme Court on Section 153C: Why One-Year Incriminating Material Cannot Justify Six-Year Reassessments

Posted by Vivek Jalan 25 October 2025 268 Views

Understand the key differences between Sections 153A and 153C of the Income Tax Act, 1961, and how courts have interpreted the scope of incriminating materials in search assessments.

Top Tax-Saving Investment Options Under Income Tax Section 80C for the Old Tax Regimes

Posted by Pranab Banerjee

25 October 2025 126 Views

Discover the best tax-saving investments under Income Tax Section 80C. Compare ELSS, PPF, EPF, SSY, FDs, NSC and life insurance to save taxes and grow your wealth wisely

Common GST Registration Errors and How to Fix Them

Posted by Kapil kumar 24 October 2025 1285 Views

Learn about the common errors businesses make during GST Registration and how to fix them. From mismatched PAN and Aadhaar details to incorrect business type or address, understand how to avoid mistakes and get your GST Registration approved smoothly.