CAclubindia Articles

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

06 October 2025 685 Views

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

Posted by Abhishek Raja 06 October 2025 582 Views

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.

New Tax Rules From 1st April 2025: Full Breakdown

Posted by Mitali 04 October 2025 4 Views

New tax rules effective from 1st April 2025, bring significant changes to income tax slabs, TDS thresholds, and tax compliance.

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

Posted by CA. Bhavik P. Chudasama 04 October 2025 8001 Views

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

Section 74A vs 73 & 74 of CGST Act - Key Differences Explained (2025 Update)

Posted by gstregistration.co 04 October 2025 1161 Views

Learn the key differences between GST Sections 74A, 73, and 74. The 53rd GST Council meeting introduced Section 74A to simplify tax demand notices, penalties, and compliance for both fraud and non-fraud cases.

Made a Mistake in ITR Filing? Step-by-Step Guide to Rectification under Section 154

Posted by CA Varun Gupta

04 October 2025 1614 Views

Made a mistake in filing your ITR? Learn how to correct errors using Rectification of Return under Section 154 of the Income-tax Act, 1961. Understand timelines, procedure, common mistakes covered and remedies if rectification is rejected.

GSTR-9C: Who Must File For FY 2024-25

Posted by Poojitha Raam Vinay

03 October 2025 8131 Views

Know about GSTR-9C: its due date, applicability, format and limits. Get a clear guide to the GST reconciliation statement and self-certification.

AOC-4: Key Changes made from 14 July 2025

Posted by Poojitha Raam Vinay

03 October 2025 7 Views

AOC-4 on MCA V3 portal updated on 14 July — now no more PDF annexures, linked CSR-2 & AOC-4 CFS, prefilled figures, streamlined filing.

GST 2.0: Health & Life Insurance Exempt at a Premium

Posted by CA Niraj Navindgikar 03 October 2025 1680 Views

The 56th GST Council meeting introduced GST 2.0 with major reforms, including exemption of GST on individual Life & Health Insurance premiums. Group insurance, however, remains taxable and insurers lose ITC benefits.