CAclubindia Articles


7 Corporate Lessons from the Movie "Mrs."

  CA Pallav Singhania    19 February 2025 at 08:26

Mrs. isn't just a story about one woman-it's a mirror to workplaces stuck in outdated norms. Whether it's resisting tech, ignoring talent, or undervaluing well-being, the cost of clinging to the "old way" is steep.



Condonation of Delay in ITR Filing u/s 119(2)(b) of the Income Tax Act, 1961

  CA Varun Gupta    19 February 2025 at 08:26

The Income Tax Act, 1961 establishes specific timelines for the filing of income tax returns (ITR). However, taxpayers may encounter unexpected situations that lead to delays in meeting these deadlines.



Understanding 'Tax Year' vs. 'Financial Year' in the New Income Tax Bill

  Ayush    18 February 2025 at 13:02

One of the most notable changes is the introduction of the term "tax year," which replaces the concept of the "previous year" and the "assessment year" from the Income Tax Act, 1961.



A Comparative Study on the Old and New Tax Bill

  Poojitha Raam Vinay    18 February 2025 at 10:34

On 13th February 2025, Hon'ble Finance Minister Smt Nirmala Sitharaman proposed the New Tax Bill. The new bill is proposed to come into force on April 1, 2026. ..



Missed Intra-Head LTCG Setoff: Impact of Section 112 Amendments vs. Section 48

  Prahlad Raykar    18 February 2025 at 08:33

Long-Term Capital Gain(LTCG)- Intra head LTCG setoff missed due to amendments in section 112 and not in Sec48.



This Valentine's, Fall in Love with Simpler Tax Laws!

  CA Umesh Sharmapro badge    18 February 2025 at 08:33

The govt has proposed this fresh and straightforward law, one that taxpayers will appreciate-perhaps even fall in love with! Just like a well-crafted Valentine's letter is easy to read and understand, this new Bill aims to win the hearts of taxpayers by bringing clarity, simplicity, and ease to tax compliance.



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.




Popular Articles




CCI Pro
Follow us

CCI Articles

submit article