CAclubindia Articles
More Than Rs 20,000 Cash Transactions Can Cost You 100% Penalty: Check Now Before It's Too Late
Cash transactions over Rs 20,000 for loans, deposits or specified sums may add 100% penalties to you - Use bank transfers or cheques for compliance.
October 2025 New Rules Checklist for Businesses and Individuals
A new era for India's economy begins in October 2025, with landmark reforms offering greater financial flexibility, stronger consumer safeguards, and modernized...
Last Date To File LLP-8 and NDH-3
08 October 2025
845 Views
Reminder from MCA: LLPs and Nidhi companies must file Form LLP-8 and Form NDH-3 to stay compliant and avoid penalties.
Relief or Burden: What Every Taxpayer Should Know About the New Income Tax Act, 2025
The new Income Tax Act, 2025, effective from April 1, 2026, replaces the six-decade-old Income Tax Act, 1961, with simplified provisions, reduced sections, and clearer tax rules. Key highlights include new tax slabs, higher deductions, elimination of notional rent, rationalised TDS/TCS, clear taxation on virtual digital assets and a focus on digital compliance.
Overview of the Old and New Tax Regimes under the Income Tax Act 2025
08 October 2025
653 Views
Confused between the Old and New Tax Regimes under the Income Tax Act 2025? This complete guide explains key differences, tax slabs, deductions, and benefits for FY 2025-26, helping you choose the regime that maximises your tax savings with ease.
Form GST DRC-03A: Filing Process
Form GST DRC-03A ensures that payments are correctly linked to demand orders to reduce mismatches in the electronic liability register.
Tax Filing Deadline for Businesses Requiring Audit - 15th Nov 2024
Tax filing deadline for businesses requiring audit is Oct 31 and if audit is mandatory, the due date to submit the audit report is Sep 30.
Bonus Act 1965: Why India Needs to Increase the Minimum Bonus to 10.5%
India's Bonus Act needs reform. With India's growth, it's time to raise the 8.33-20% bonus limit and restructure salaries to match global living standards.
Four Key GST Updates for Taxpayers
Stay updated with the latest GST changes! Learn from Arjuna and Krishna’s conversation about key updates on post-sales discounts, invoice-wise TDS reporting in GSTR-7, filing restrictions on old returns, and the new online process for filing appeals before the GST Appellate Tribunal (GSTAT).
GST on TV in India 2025: Updated HSN Code & 18% GST Rate on All LED TV
Updated after the 56th GST Council Meeting (Effective 22 Sept 2025) - All TVs, including LED and Smart TVs of every size, will now attract a uniform 18% GST rate.
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