CAclubindia Articles

Your UPI, Your GST Trap? Dept Uses Transaction Data for Compliance!

Posted by Rashmi 22 July 2025 201 Views

The Karnataka State GST Department has clarified that GST registration is mandatory for all traders whose aggregate turnover exceeds the threshold limit, irrespective of the mode of payment - UPI, cash, bank transfer or others.

Few Important Changes in the Proposed Income Tax Bill

Posted by CA Umesh Sharma 22 July 2025 5700 Views

Explore key highlights of the proposed Income Tax Bill, 2025, including refund policy changes, Section 80M reinstatement, NIL TDS certificates and its expected implementation from April 1, 2026 explained through a fictional yet insightful dialogue between Arjuna and Krishna.

RBI Enables Bulk Upload on FIRMS Portal: Major Relief for Professionals Filing FCGPR, FCTRS and DI

Posted by Affluence Advisory 22 July 2025 182 Views

This update is set to streamline reporting under FEMA (Foreign Exchange Management Act) and reduce the time-intensive process professionals face when handling multiple foreign investment transactions.

Self-Employed in 2025: Essential Tax Deductions in FY 25-26

Posted by Poojitha Raam Vinay

21 July 2025 1831 Views

Discover how self-employed professionals in India - freelancers, consultants and gig workers can manage taxes efficiently. Learn about income heads, deductions, ITR forms, tax rates and the presumptive tax scheme under Section 44ADA.

Cross-State ITC Transfer Allowed Post-Amalgamation: A Landmark GST Verdict

Posted by Srishti 21 July 2025 441 Views

In a landmark ruling, the Bombay High Court allowed cross-state transfer of Input Tax Credit (ITC) post-amalgamation, stating there’s no legal bar under GST law. The court directed GSTN and the GST Council to fix technical glitches and enable seamless credit flow across states.

Case of Procedure over Substance: ITAT Pune Quashes 153C Assessments in Yuvraj Dhamale Group Fallout

Posted by CA Saurabh Jadhav

21 July 2025 545 Views

The recent judgment by the Income Tax Appellate Tribunal (ITAT), Pune Bench, in a batch of appeals related to the Yuvraj Dhamale Group real estate search has rekindled a foundational debate in Indian tax law

Madras High Court Sets Aside GST Assessment Order Over Improper Service of SCN

Posted by CA Harshit Goyal 21 July 2025 400 Views

The Madras High Court has ruled that merely uploading a show cause notice (SCN) on the GST portal without serving it through other prescribed modes is insufficient. The court set aside the assessment order due to lack of proper service.

The Curious Case of the Disappearing Salary and How to Save It

Posted by Himanshu Ranka 21 July 2025 711 Views

Salaried & stressed about taxes? This hilarious yet informative chat with a CA breaks down smart tax-saving hacks under the old regime for FY 2024-25.

CA Journey Through Krishna's Wisdom: Why the Struggle Is Worth It

Posted by Himanshu Ranka 19 July 2025 637 Views

A stressed CA aspirant finds clarity in a divine conversation with Lord Krishna. This powerful tale draws parallels between the CA journey and the Mahabharat, offering timeless motivation, clarity on AI fears, and deep career insights rooted in purpose and resilience.

SEBI's Digital Leap in Shareholder Communication

Posted by Affluence Advisory 19 July 2025 158 Views

In a significant stride towards modernizing corporate governance and enhancing ease of doing business, the Securities and Exchange Board of India (SEBI) has ushered in a new era of shareholder communication under its Listing Obligations and Disclosure Requirements (LODR) Regulations.