CAclubindia Articles

Overview of the Old and New Tax Regimes under the Income Tax Act 2025

Pranab Banerjee 08 October 2025 at 06:41

Confused between the Old and New Tax Regimes under the Income Tax Act 2025? This complete guide explains key differences, tax slabs, deductions, and benefits for FY 2025-26, helping you choose the regime that maximises your tax savings with ease.

Bonus Act 1965: Why India Needs to Increase the Minimum Bonus to 10.5%

Suresh Kumar 07 October 2025 at 10:31

India's Bonus Act needs reform. With India's growth, it's time to raise the 8.33-20% bonus limit and restructure salaries to match global living standards.

Four Key GST Updates for Taxpayers

CA Umesh Sharma 07 October 2025 at 05:52

Stay updated with the latest GST changes! Learn from Arjuna and Krishna’s conversation about key updates on post-sales discounts, invoice-wise TDS reporting in GSTR-7, filing restrictions on old returns, and the new online process for filing appeals before the GST Appellate Tribunal (GSTAT).

GST on TV in India 2025: Updated HSN Code & 18% GST Rate on All LED TV

gstregistration.co 07 October 2025 at 05:52

Updated after the 56th GST Council Meeting (Effective 22 Sept 2025) - All TVs, including LED and Smart TVs of every size, will now attract a uniform 18% GST rate.

Changes In GST Filing Starting From October: Important Updates

Poojitha Raam Vinay 06 October 2025 at 14:24

GST 2.0 reforms, effective from October 1, 2025, introduce major filing changes following the 56th GST Council meeting - Manual GSTR-2B generation, 180-day ITC limit, mandatory ISD registration, time-bar on old returns and a new five-slab tax rate structure.

When time saluted discipline: The 4:15 AM Story of Gratitude and Grace

Raj Jaggi 06 October 2025 at 09:36

A heartwarming and humorous conversation between senior Chartered Accountant CA Raj Jaggi and his young colleagues blending wit, wisdom and faith. Through stories of gratitude, discipline, and daily devotion, he reveals timeless lessons on success, family, fitness, and the spiritual art of showing up early in both life and work.

CBIC introduces simplified refund system to improve ease of doing business

Ajay Kumar Maggidi 06 October 2025 at 07:14

CBIC, through Instruction No. 06/2025 dated October 3, 2025, has introduced a risk-based provisional refund system under GST to speed up refunds and improve cash flow for taxpayers.

What is Advance Tax? Deduction Process, Liability and Penalties Explained

Pranab Banerjee 06 October 2025 at 07:14

Advance Tax, known as "Pay As You Earn," requires taxpayers with a net liability above Rs 10,000 to pay income tax in instalments throughout the year. Learn who must pay, due dates, calculation steps, exemptions, penalties and benefits of timely payment under the Income Tax Act, 1961.

Facing a Penalty for Tax Evasion? Judicial Insights from Recent Ruling

Abhishek Raja 06 October 2025 at 07:14

Explore key 2024 Allahabad High Court rulings clarifying that penalties under Section 129 of the CGST Act cannot be imposed for minor clerical or technical errors in e-way bills without intent to evade tax. Learn how courts uphold bona fide mistakes as non-penalizable under GST.

A Professional's Guide to Hindu Undivided Family (HUF): Understanding Its Role and Benefits

CA. Bhavik P. Chudasama 04 October 2025 at 09:27

Learn about Hindu Undivided Family (HUF) under Indian tax law - its structure, benefits, limitations, and tax slab rates for AY 2026-27. Discover how HUF helps in wealth management, tax planning, and income splitting while ensuring compliance