CAclubindia Articles

New ITR-3 Form for AY 2025-26: Key Changes, Who Should File & How to Prepare

Rashmi 03 May 2025 at 08:36

This article covers all the critical changes introduced, the implications for taxpayers, and how to prepare for the new reporting requirements.

Place of Supply under GST: A Complete Guide

CA Shiwali Dagar 03 May 2025 at 08:30

Understand the concept of Place of Supply under GST and its crucial role in determining whether a transaction is intra-state or inter-state, impacting the applicability of CGST, SGST, or IGST. Learn about key provisions under Sections 7 to 13 of the IGST Act, 2017.

Simplified Taxation for Small Businesses: Understanding the Composition Scheme under CGST Act, 2017

CA.Sangam Aggarwal 02 May 2025 at 08:35

Under the CGST Act, 2017, businesses are required to obtain GST registration once their aggregate turnover exceeds the prescribed threshold limits - Rs. 40,00,000 for suppliers of goods and Rs. 20,00,000 for providers of services.

RBI's 2025 Master Direction on Credit Reporting: Key Changes & Impact Explained

Affluence Advisory 02 May 2025 at 08:35

The Reserve Bank of India (RBI), in its continued commitment to promote financial discipline, transparency, and consumer empowerment, issued the Master Direction - Credit Information Reporting, 2025 on January 6, 2025

Capital Gains Tax: Key Exemptions and How to Claim Them

Shivani 01 May 2025 at 16:36

This article explores the key exemptions detailed in a document from the Income Tax Department, covering eligibility, qualifying assets, and investment requirements for each section.

Non-Taxability of Lorry Hire Income Under GST

Rajagopal K 01 May 2025 at 08:40

This article clarifies the non-taxability of lorry hire income under GST, backed by relevant legal provisions, notifications, and case law.

Income Tax Return Forms ITR-1 and ITR-4 for AY 2025-26: Key Changes and Eligibility

Rashmi 01 May 2025 at 08:33

CBDT has officially notified the updated ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025-26 (Financial Year 2024-25), effective from April 29, 2025

Latest Updates in the Online 12A Registration Process by the Income Tax Department

Ishita Ramani 01 May 2025 at 08:33

The Income Tax Department has delivered extensive updates and changes on the Online 12A Registration Process. This article shall deal with the same for your brief reference and understanding.

Sections 68 to 69A: How the Tax Department Deals with Undisclosed Income

CA Shiwali Dagar 30 April 2025 at 08:49

Cash Credits and Related Provisions under the Income Tax Act, 1961

Mistakenly Paid 5% TDS Instead of 2%? Here's How to Claim a Refund via TRACES

CA.Sangam Aggarwal 30 April 2025 at 08:40

This step-by-step guide walks you through the complete process of claiming a refund for excess TDS deducted on rent via Form 26QC on the TRACES portal, ensuring compliance and timely recovery of overpaid taxes.