CAclubindia Articles

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

Posted by CA Umesh Sharma 01 July 2025 591 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 886 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 260 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 255 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 18658 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 385 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.

ITC Under GST: Meaning, Eligibility & Conditions

Posted by Rajagopal K 28 June 2025 2398 Views

Input Tax Credit (ITC) is one of the core features of the Goods and Services Tax (GST) system in India. It allows registered taxpayers to reduce their tax liabi...

Compulsory Maintenance of Accounts - Section 44AA

Posted by Jatin Pal 28 June 2025 10440 Views

A question is, can a person engaged in a profession as prescribed under section 44AA(1) adopt the presumptive taxation scheme of Section 44AD?

Assessments under GST Law: A Comprehensive Overview

Posted by Pratik Dhruve 28 June 2025 776 Views

Section 2(11) of the CGST Act defines "assessment" as the determination of tax liability under the Act, and it includes self-assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment.

Foreign Liabilities and Assets (FLA) Return under FEMA

Posted by Affluence Advisory 28 June 2025 777 Views

This article breaks down the FLA reporting process, explaining the legal framework, required disclosures, practical compliance issues, and potential consequences of non-compliance.