CAclubindia Articles

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

02 July 2025 134 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 6567 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 257 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.

Urge of Making GST System Faceless - A Step Towards Transparency and Growth!

Posted by CA Umesh Sharma 01 July 2025 589 Views

Discover how a faceless GST system can enhance transparency, reduce harassment, and boost India’s economy by enabling faster dispute resolution and seamless tax compliance.

File Your ITR Even After Retirement Or Can Cost You Lakhs in Tax Penalty

Posted by Mitali 30 June 2025 883 Views

Retirement benefits include gratuity, provident fund (PF) money etc. are received along with the salary at the time of retirement or voluntary retirement scheme (VRS).

Mahindra Holidays Faces Rs 363 Crore GST Demand Notice

Posted by Mitali 30 June 2025 259 Views

Mahindra Holidays & Resorts India Ltd. on Sunday said that they have received a tax notice of over Rs 363 crore for the financial year 2018–19 including penalty, related to reporting of IGST on its club membership services.

CA Firm Calls Student 'Oversmart' for Asking About Stipend

Posted by Mitali 30 June 2025 254 Views

A CA student in Faridabad sparked a heated online debate when reached out to a CA firm before applying for an articleship and asked two basic questions

Section 143(2) Income Tax Notice for AY 2024-25: Scrutiny Assessment, Faceless Process & Deadlines Explained

Posted by CA Varun Gupta

30 June 2025 18651 Views

Income Tax Notice u/s 143(2) for AY 2024-25: Scrutiny Assessment, Faceless Procedure, Time Limits & Professional Help Explained

Rule 28: Value of Supply Between Distinct or Related Persons (Other Than Through an Agent)

Posted by Rajagopal K 30 June 2025 382 Views

Understand GST Rule 28 for valuing supplies between related or distinct persons. Learn about Open Market Value, 90% valuation, full ITC provisions, and corporate guarantee rules with practical examples.