CAclubindia Articles

All About the Taxation of a Partnership Firm

Posted by CA.Sangam Aggarwal 04 July 2025 1265 Views

This article provides a comprehensive guide to the taxation of partnership firms, covering everything from the basics of firm-level taxation to the treatment of partner remuneration, capital contributions, and taxability upon retirement or reconstitution.

Start-up Founders Allowed to Retain Share-Based Benefits: What's Permitted and What's Not

Posted by Affluence Advisory 04 July 2025 99 Views

Learn what share-based benefits startup founders can retain under the latest tax and compliance rules. Know what's permitted and what's restricted for ESOPs and other incentives

Mangoes, Misinterpretations & the Law: Gujarat HC serves a tangy verdict on GST!

Posted by CA Saurabh Jadhav

03 July 2025 665 Views

The Gujarat High Court has ruled that "mango pulp" is taxable at 12% GST, not 5% as claimed by the supplier.

Gulzar's Poetic Wisdom: A Source of Inspiration for CA Professionals

Posted by Raj Jaggi

02 July 2025 1601 Views

Explore timeless lessons for CA professionals from Gulzar's songs and poems on resilience, empathy, observation and purpose-driven success.

Key information about Dispute Resolution Commission

Posted by Jatin Pal 02 July 2025 172 Views

DRC focus mainly on small and medium taxpayers to resolve their tax disputes in a faceless, efficient, and taxpayer-friendly manner. DRC functions under Ministry of Finance, Government of India. 18 DRCs correspond exactly to the 18 Pr. CCIT regions

Understanding Income Tax in India: A Simplified Guide for Every Taxpayer

Posted by Growthlink Tax Filings 02 July 2025 334 Views

This article will walk you through the basics of Income Tax in India, important terms, tax slabs, filing deadlines, and tips for smooth compliance.

Maharashtra Cricket Association vs Income Tax Dept: ITAT Orders Fresh Review

Posted by CA Saurabh Jadhav

02 July 2025 133 Views

Pune ITAT has set aside the exemption granted to the Maharashtra Cricket Association (MCA) under Sections 11 & 12 for AY 2010-11, and remanded the matter for fresh adjudication in light of the Supreme Court's AUDA judgment.

CA Day 2025: Fascinating Facts Every Chartered Accountant and Aspiring CA Should Know!

Posted by Shivani 01 July 2025 6543 Views

Celebrate CA Day 2025 by uncovering surprising and inspiring facts about the Chartered Accountancy profession in India. Learn about its origins, legends and global prestige.

Rule 164: Procedure and Conditions for Closing Proceedings under Section 128A

Posted by Rajagopal K 01 July 2025 259 Views

Effective from 1st November 2024, taxpayers can now apply online for waiver of interest or penalty under GST using new forms SPL-01 and SPL-02, as notified by CBIC. Learn the process, timelines, conditions, and consequences of rejection or approval under Rule 128A.

NBFC Takeover Process and RBI Compliance

Posted by Affluence Advisory 01 July 2025 245 Views

The takeover process shall primarily involve a thorough review of the target NBFC's documentation by the Acquirer. Upon the Acquirer's approval of the acquisition, a Memorandum of Understanding (MoU) will be executed, accompanied by a token consideration.