CAclubindia Articles

FEMA Accounts in India: Eligibility, Tax Rules & Repatriation for NRIs & PIOs

Posted by Affluence Advisory 19 August 2025 514 Views

Confused between NRE, NRO, FCNR(B), SNRR & RFC accounts? Explore FEMA-compliant options for NRIs, PIOs, and returning residents with tax implications.

Do Banks Violate RBI Rules by Redeeming Fixed Deposits on Holidays?

Posted by Shivaprasad Laxman Chhatre 19 August 2025 220 Views

Are banks bypassing RBI guidelines by redeeming FDs on holidays without holiday interest? Understand the issue, legal position and depositor rights.

Sections 153A & 153C of the Income Tax Act: Incriminating Material, Judicial Rulings & Assessment Scope

Posted by Vivek Jalan 19 August 2025 796 Views

Explore key differences between Sections 153A & 153C of the Income Tax Act, definition of incriminating material, and major Supreme Court rulings.

Get ready for Proposed GST Changes

Posted by CA Umesh Sharma 19 August 2025 582 Views

India plans GST reforms by Oct 2025, merging slabs into 5% & 18%, lowering taxes on essentials & luxury goods to ease living and boost consumption.

ITR Filing Deadline 2025: Calls for Further Extension

Posted by Poojitha Raam Vinay

18 August 2025 17791 Views

Income Tax Return filing for non-audit taxpayers has been extended to September 15, 2025. Learn why the deadline was shifted, pending issues with ITR forms, and calls for further extension.

Filed Under 44AD Instead of 44ADA and Claimed Full Refund: Now Facing Audit and Penalties

Posted by Mitali 18 August 2025 23787 Views

ITR filing under Section 44AD for professional income deducted under Section 194J may lead to audits, heavy penalties, and refund reversal.

Small STCL Rs 2,000 That Turned Into a Penalty of 60% Tax Nightmare!

Posted by Shivani 18 August 2025 602 Views

File ITR correctly as small share losses can invite 60% Tax & Penalties. Avoid costly mistakes. Know what went wrong in this case!

The Productivity Boost of Soft Music for Chartered Accountants

Posted by Raj Jaggi

18 August 2025 6516 Views

Discover how soft music can help Chartered Accountants manage stress, improve sleep, boost concentration, and enhance productivity. Learn practical tips and explore soothing music options for better well-being and work-life balance.

How Cloud Tally Prevents Voucher Entry Errors Across Multiple Locations

Posted by vishal dharmadhikari 18 August 2025 68 Views

IntroductionIn today's fast-paced business environment, having multiple branches and distributed workforce leads to new challenges, especially when it comes to ...