CAclubindia Articles

Budget 2026 wishlist highlights 5 major policy moves to balance discipline and drive consumer demand

Pranab Banerjee 19 December 2025 at 07:02

Budget 2026 wishlist explained: fiscal consolidation without pain, middle-class tax relief, higher consumption, job creation, MSME support, infrastructure push and sustainable growth that impacts everyday life.

Six-Year Time Limit for Refund Applies Only to Tax Paid, Not to Payments on Exempt Income

Vivek Jalan 19 December 2025 at 07:02

Guided by Article 265 of the Constitution and the Gujarat High Court ruling in Lt. Col. Nikhil Subodh Gajjar (2025), this analysis explains why the six-year limitation under CBDT Circular No. 9/2015 may not apply where no tax was legally payable, with implications for exempt incomes, trusts, and non-profit organisations.

Why India Needs a Tokenization Law Now: Raghav Chadha's Pitch in Rajya Sabha

Mitali 18 December 2025 at 12:19

Indian MP Raghav Chadha proposes a Tokenization Bill in Rajya Sabha to enable fractional ownership of real-world assets like real estate and IP using blockchain, aiming to democratize investments, boost liquidity and reduce fraud for retail investors.

Last Chance To File FY 2024-25 ITR: Two Weeks to Beat the Tax Clock

Poojitha Raam Vinay 18 December 2025 at 12:11

Missed the ITR due date for FY 2024-25? File your belated ITR by 31 December 2025 to avoid penalties, interest, loss of carry-forward benefits and compliance issues.

Consolidated FAQs on GSTR-9 and GSTR-9C for FY 2024-25

Shivani 18 December 2025 at 10:45

GSTN releases consolidated FAQs on GSTR-9 & GSTR-9C for FY 2024-25, clarifying ITC reporting, auto-population, reversals, reclaims, late fees and new table changes.

Inspection under GST - When the Law Observes Before it Acts

Raj Jaggi 18 December 2025 at 09:35

From fear to clarity, understand GST inspection, search and seizure under Section 67, its purpose, safeguards, procedures and how knowledge replaces anxiety.

Why is Timely Invoice Payment Important for Cash Flow?

Abhishek Verma 18 December 2025 at 06:57

Cash flow issues start with delayed invoice payments, not low sales. Learn how timely invoicing and strong payment discipline keep Indian businesses stable and growing.

Accepted Quantum Order but Faced Penalty? Legal Remedies Under Section 271(1)(c) & 270A

Vivek Jalan 18 December 2025 at 06:57

Acceptance of quantum additions does not automatically justify a penalty under Sections 271(1)(c) or 270A. Learn why AOs must clearly specify concealment, inaccurate particulars, under-reporting or misreporting, and how assessees can effectively contest penalties even after quantum proceedings attain finality.

Bulk Emails from @IncomeTaxIndia on ITR Discrepancies

Mitali 17 December 2025 at 16:32

Income Tax is sending bulk mails on ITR-AIS mismatches, even for genuine buys funded from savings, loans or gifts. Know why?

Received Advance Payments in December 2025: Is It Taxable in Receipt or Service Year?

Aarika 17 December 2025 at 13:33

Got advance payment for services? Know whether it is taxable in year of receipt or when work is done.