CAclubindia Articles

ITR-3 Mismatch: New Tax Regime Opted but Old Regime Applied by CPC - Legal Position and Solutions

Posted by Kowsalya 08 December 2025 2963 Views

Many taxpayers filing ITR-3 for FY 2023-24 have reported that their returns filed under the New Tax Regime were processed under the Old Regime, leading to higher tax demands. This article explains why this happens, the rules under Section 115BAC, common filing mistakes and the corrective steps available, including rectification, revised returns, or grievance redressal.

New Pan Masala Tax: Capacity-Based Levy Explained

Posted by Shivani 08 December 2025 587 Views

Discover the capacity-based tax structure introduced by the 2025 Cess Bill. A mechanism designed for stable revenue and high accountability in the pan masala sector.

Income Tax Rules: Eligibility for Interest Waiver on Delayed Payments

Posted by Sahil Jaiswal 07 December 2025 8 Views

Income Tax Rules cover areas like income exemptions, deductions, calculating tax liabilities, and penalties for non-compliance.

F and O: Taxation for Futures & Options Traders FY 2024-25

Posted by Poojitha Raam Vinay

06 December 2025 16 Views

F and O trading is popular yet complex investment avenue in India, subject to specific tax rules. Learn about F&O taxation to ensure compliance and avoid penalties.

Salary Rs 12.45 Lakh but with Dividend, Interest, MF its Over 12.75 Lakh: Do I Need to Pay Tax?

Posted by Chaitra Seetharam 06 December 2025 4981 Views

Understand how the enhanced "no tax up to Rs 12 lakh" rebate works under the New Tax Regime for FY 2025-26, why it applies only to income taxed at normal slab rates, and how dividends, interest, and mutual fund gains can push you beyond the Rs 12–12.75 lakh limit.

Section 18 of The CGST Act, 2017 (Part II) - Reversal And Adjustment Of ITC in Special Circumstances

Posted by Raj Jaggi

06 December 2025 360 Views

Explore how Sections 18(4) to 18(6) of the CGST Act complete the Input Tax Credit (ITC) cycle by ensuring fair reversal, repayment, and recalibration of credit....

Form 12BB under Income Tax For Salaried Employee: With Download Link

Posted by Poojitha Raam Vinay

05 December 2025 3 Views

Form 12BB under income tax for tax deductions: Fill out Form 12BB correctly to maximize your deductions and reduce TDS.

How to Report ITC Taken - Reversed - Reclaimed in GSTR-9 for FY 2024-25

Posted by CA Amit Harkhani 05 December 2025 2838 Views

Learn how to report ITC claimed, reversed and reclaimed across years in GSTR-3B with Rule 37/37A rules, table-wise guidance, and clear examples for FY 2023-24 & 2024-25.

Section 18 of the CGST Act, 2017 (Part I) - Availment and Transfer of ITC in Special Circumstances

Posted by Raj Jaggi

05 December 2025 351 Views

Explore how Section 18 of the CGST Act overrides Section 16 in special transitional scenarios, guiding ITC entitlement during registration changes, movement from composition to regular levy, and exempt-to-taxable shifts.