CAclubindia Articles
The Cost of Not Filing Your ITR - A Real Story You Shouldn't Ignore
Many salaried individuals mistakenly believe that TDS means no need to file an ITR. This real-life case of Mr. Chudasama shows how that assumption can lead to massive tax demands and legal trouble. Learn why filing your return is essential, even when tax is already deducted.
Key Legal Provisions Applicable to Charitable Trusts and Institutions
Explore a comprehensive guide to the taxation and regulatory framework for charitable trusts and institutions under the Income-tax Act, 1961. Learn about registration, exemptions, compliance, anonymous donations, and investment rules applicable to NGOs and non-profits in India.
Unraveling Geopolitical Uncertainty: The Petrodollar, Monetary Policy and the Shifting Global Order
Explore the historical roots and strategic evolution of U.S. dollar dominance in global finance from Bretton Woods to petrodollars, trade wars and the rise of gold and crypto. Understand how America may be quietly orchestrating a stealth monetary reset amid shifting geopolitical and economic tides.
Decoding the Business Codes in ITR
Explore the significance of newly introduced business codes in ITR filings as explained by Krishna to Arjuna. Learn how these updates, including AI integration, aim to improve tax compliance and reflect emerging sectors like social media and trading.
Self Transfers and Contra Entries in ITR Now Mandatory If You Have Rs 50L in Savings
Reporting all self-bank transfers, UPI-wallet movements, and interbank transactions is now mandatory in ITR filings. If your total savings deposits exceed Rs 50 lakh, ITR filing is compulsory even with income below the taxable limit. Learn how to report contra entries and stay compliant.
Madras High Court Rules in Favor of Beneficial Nominee Under Section 39(7) of Insurance Act
Madras High Court clarifies that a validly appointed beneficial nominee under Section 39(7) of the Insurance Act is entitled to the full insurance proceeds. In this case, the Court upheld the wife's right as a beneficiary nominee, while allowing a voluntary 1/3rd share to the insured's mother.
CBDT Interest Waiver under Section 201(1A)(ii)/206C(7): Time-Bound Relief for TDS/TCS Defaults Due to Technical Glitches
28 July 2025
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This article analyses the legal framework, compliance requirements, and strategic roadmap for deductors/collectors and tax professionals to utilise this waiver facility effectively.
Section 194J: TDS Limit Increased From FY 2025-26
Section 194J relates to TDS on payments for certain professional services, technical services, royalties, and fees paid to directors.
How to Become an Income Tax Officer in India?
Learn how to become an Income Tax Officer in India. Understand the eligibility, exams , training process, responsibilities and career growth.
Section 54F Disqualification Due to Under-Construction Flats: A Legal and Practical Analysis
This article addresses one such complex case involving multiple jointly owned residential properties and under-construction units, with specific focus on whether exemption under Section 54F can still be claimed.
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