CAclubindia Articles

Unexplained Cash Credits & Section 68: Tax Implications, Legal Battles and Key Judgments

Leena TheRaja 14 February 2025 at 08:27

A variety of monetary credits like advances, deposits, gifts, and loans are included in the definition of cash credits.

Comprehensive Guide to Deductions under Income Tax Bill 2025

CA Rohit Sonar 14 February 2025 at 08:27

The Income Tax Bill 2025, introduced to replace the decades-old Income Tax Act of 1961, brings a wave of modernization and clarity to the Indian taxation system.

Important Key Points about the New Income Tax Bill, 2025

Bimal Jain 13 February 2025 at 17:54

The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 claus..

Income Tax Bill 2025: Top FAQs Answered for Taxpayers

Shivani 13 February 2025 at 15:26

FAQs related to Income Tax Bill 2025

Boosting the Middle Class: How Budget 2025 Affects Your Finances

Sahil Jaiswal 13 February 2025 at 11:33

The Union Budget 2025 introduces significant measures aimed at bolstering India's middle class, directly impacting your personal finances.

Education and Research: Budget 2025's Allocations and Future Prospects

Chaitra Seetharam 13 February 2025 at 11:31

The Budget 2025 demonstrates the Indian government's strategic commitment to enhancing the education sector, emphasizing critical areas such as digital learning, skill development, and artificial intelligence (AI) integration.

Will AI Replace Chartered Accountants?

May 13 February 2025 at 08:42

Will AI replace CAs? The answer is nuanced, requiring us to delve into the multifaceted responsibilities of CAs and the capabilities of AI.

Section 194F of Income Tax Act: Impact on Your Income Tax Return

Ishita Ramani 12 February 2025 at 06:45

This article shall let you know about the impact of Section 194F of Income Tax on your Income Tax Return.

Does Section 203 cover Private Companies?

Affluence Advisory 12 February 2025 at 06:45

While Section 203 is the primary operational provision, the definition in Section 2(51) serves solely to define the meaning of the expression of Key Managerial Personnel (KMP).

TReDS Mandate Extended: A Boost for MSMEs with a Lower Turnover Threshold

Affluence Advisory 11 February 2025 at 11:01

In a landmark decision announced on 7th November 2024, the MSMEs has issued a notification mandating specific categories of businesses to register on the Trade Receivables Discounting System (TReDS) platform.