A detailed comparison of key prosecution offences under the Income Tax Act, 1961 and the new Income Tax Act, 2025, including sections on wilful tax evasion, failure to file returns, and non-payment of TDS/TCS.
24 November 2025
1460 Views
Learn how provisional attachment under Rule 159 read with Section 83 of the CGST Act works, why GST officers freeze bank accounts, common triggers, how to check DRC-22 orders, and the complete step-by-step process to file objections (DRC-22A) and get your bank account unfrozen quickly.
24 November 2025
1276 Views
Know how pensioners can avoid advance tax if they don’t have any business or profession income.
Know how an 82-year-old senior citizen fight against income tax penalties due to an unfiled return caused by health issues.
Understanding Section 87A can be confusing when Short-Term Capital Gains (STCG) are involved. While the rebate eliminates tax for income up to Rs 7 lakh under the new regime, STCG taxed at special rates often causes mistaken tax demands.
24 November 2025
823 Views
Discover how excess GST paid in previous years can be handled under the CGST Act, 2017. Understand limitations on rectifying past returns, why adjustments against current liabilities are not permitted, and how refunds under Section 54(1) and constitutional protections under Article 265 provide the only legal remedy for taxpayers who detect overpayments belatedly.
RBI's July 2025 LRS data shows an 11% remittance decline driven by higher TCS on travel and investments, even as education flows surged. Key insights and strategies.
Facing AIS mismatch while filing ITR? Learn the common causes, how to fix errors using AIS feedback, and when to revise your return to avoid tax notices.
Fines and penalties under Customs can be disproportionate and may need to be contested. However, to contest these, more is required to be done than merely citin...
Is your ITR stuck? Check these may be the filing errors that are stopping your refund.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CAclubindia
