CAclubindia Articles
Treatment of Minor's Income and TDS Deduction: Clubbing Provisions, Refund Claims, and Demand Resolution under the Income Tax Act
30 August 2025
1432 Views
Learn how to handle TDS deducted in a minor’s PAN, clubbing of minor’s income under Section 64(1A), refund claims, rectification process, and compliance under the Income-tax Act, 1961.
Tax Filing 2025: Old vs New Regime - Key Deductions You Can Still Claim Under Both
Discover key deductions available under both old and new tax regimes, including standard deduction, employer contributions, gratuity, and family pension. Compare regimes to save more on taxes in FY 2024-25.
The Limits of Demand Orders Under GST: Why Adjudicating Authorities Cannot Exceed the Show Cause Notice
Under GST, tax demand orders cannot exceed the amount proposed in the SCN. Section 75(7) of the CGST Act and landmark High Court rulings reinforce this safeguard, protecting taxpayers from arbitrary or inflated demands.
Income Tax Filing 2025: New Business Codes for Intraday, F&O and Delivery-Based Trading
29 August 2025
3185 Views
Learn about the new Income Tax business codes for share trading - 21009 (Intraday), 21010 (F&O) and 21011 (Delivery-Based). Understand speculative vs non-speculative income, Section 44AD applicability, ITR-3 vs ITR-4 usage, audit rules under Section 44AB and loss carry-forward provisions for traders.
More Than 40 deductions or exemptions available under New Tax Regime For FY 24-25: Check Before Filing
List of more than 40 deductions and exemptions under New Tax Regime FY 2024-25. Maximize tax savings with this complete guide.
GST on Vehicles: Higher Rates for Used Vehicles
GST on vehicles varies based on type like new EVs at 5% rate, used vehicles at 12%, and 18% for larger vehicles and SUVs.
Soft Skills: The Secret Ingredient to Professional Success
28 August 2025
226 Views
Setting the Stage Qualifying prestigious professional examinations like Chartered Accountancy, Cost and Management Accountancy, Company Secretaryship, Medical, ...
Motorcycles Above 350cc May Soon Face 40% GST
India may overhaul its GST structure for automobiles. Motorcycles above 350cc could face a steep 40% tax, while bikes and scooters under 350cc may benefit from a lower 18% GST. Find out how this change could impact prices, manufacturers, and buyers ahead of the September GST Council meeting.
CBDT Clarification on PAN-Aadhaar Linking: Relief for Buyers & Sellers in Property Deals
28 August 2025
6770 Views
Understand how CBDT Circular 9/2025 fixes PAN-Aadhaar linking issues in property TDS under Section 194-IA, avoiding excess 20% deduction demands.
Is It Mandatory To Disclose All Bank Accounts in ITR: What If Not Shown?
Learn why reporting every bank account in your ITR is mandatory and know how missing bank accounts in your ITR can trigger IT notices and heavy fines.
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