CAclubindia Articles

Old ITR Forms To Shut Down from 2026

Mitali 21 November 2025 at 14:27

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

Prudent Use of AI in GST

Raj Jaggi 21 November 2025 at 09:51

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

Kapil kumar 21 November 2025 at 06:27

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

Vivek Jalan 21 November 2025 at 06:27

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

Mitali 20 November 2025 at 17:44

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?

Kapil kumar 20 November 2025 at 06:42

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

CA Jaydeep Babubhai Vadher 20 November 2025 at 06:42

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

Affluence Advisory 20 November 2025 at 06:42

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

Poojitha Raam Vinay 19 November 2025 at 15:45

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

Mitali 19 November 2025 at 14:08

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.