CAclubindia Articles

ITR AY 2025-26 Update: New Business and Profession Codes Introduced

Posted by Mitali 22 July 2025 3259 Views

New business codes added in ITR for AY 2025–26, including social media influencers, F&O trading, and speculative income. File accurately to avoid issues.

Recent development in International taxation

Posted by Venkat Raj 22 July 2025 294 Views

International taxation is a dynamic, growing, and unique field. This subject revolves around topics that are global and very interesting.

Your UPI, Your GST Trap? Dept Uses Transaction Data for Compliance!

Posted by Rashmi 22 July 2025 203 Views

The Karnataka State GST Department has clarified that GST registration is mandatory for all traders whose aggregate turnover exceeds the threshold limit, irrespective of the mode of payment - UPI, cash, bank transfer or others.

Few Important Changes in the Proposed Income Tax Bill

Posted by CA Umesh Sharma 22 July 2025 5701 Views

Explore key highlights of the proposed Income Tax Bill, 2025, including refund policy changes, Section 80M reinstatement, NIL TDS certificates and its expected implementation from April 1, 2026 explained through a fictional yet insightful dialogue between Arjuna and Krishna.

RBI Enables Bulk Upload on FIRMS Portal: Major Relief for Professionals Filing FCGPR, FCTRS and DI

Posted by Affluence Advisory 22 July 2025 194 Views

This update is set to streamline reporting under FEMA (Foreign Exchange Management Act) and reduce the time-intensive process professionals face when handling multiple foreign investment transactions.

SBI Withdrawal Limit Per Day: Know Your Daily Cap

Posted by Shreyans Panchal 22 July 2025 14 Views

SBI withdrawal limits per day vary based on the type of debit card, with daily caps on cash withdrawal and POS spending.

Self-Employed in 2025: Essential Tax Deductions in FY 25-26

Posted by Poojitha Raam Vinay

21 July 2025 1832 Views

Discover how self-employed professionals in India - freelancers, consultants and gig workers can manage taxes efficiently. Learn about income heads, deductions, ITR forms, tax rates and the presumptive tax scheme under Section 44ADA.

Cross-State ITC Transfer Allowed Post-Amalgamation: A Landmark GST Verdict

Posted by Srishti 21 July 2025 446 Views

In a landmark ruling, the Bombay High Court allowed cross-state transfer of Input Tax Credit (ITC) post-amalgamation, stating there’s no legal bar under GST law. The court directed GSTN and the GST Council to fix technical glitches and enable seamless credit flow across states.

Case of Procedure over Substance: ITAT Pune Quashes 153C Assessments in Yuvraj Dhamale Group Fallout

Posted by CA Saurabh Jadhav

21 July 2025 545 Views

The recent judgment by the Income Tax Appellate Tribunal (ITAT), Pune Bench, in a batch of appeals related to the Yuvraj Dhamale Group real estate search has rekindled a foundational debate in Indian tax law

Madras High Court Sets Aside GST Assessment Order Over Improper Service of SCN

Posted by CA Harshit Goyal 21 July 2025 402 Views

The Madras High Court has ruled that merely uploading a show cause notice (SCN) on the GST portal without serving it through other prescribed modes is insufficient. The court set aside the assessment order due to lack of proper service.