CAclubindia Articles

Section 40A(2)(b): Tax Implications of Related Party Payments

Posted by Chaitra Seetharam 03 July 2025 15 Views

Section 40(a)(2)(b) disallows deductions for payments made to a resident for professional or technical services.

Gulzar's Poetic Wisdom: A Source of Inspiration for CA Professionals

Posted by Raj Jaggi

02 July 2025 1666 Views

Explore timeless lessons for CA professionals from Gulzar's songs and poems on resilience, empathy, observation and purpose-driven success.

Key information about Dispute Resolution Commission

Posted by Jatin Pal 02 July 2025 217 Views

DRC focus mainly on small and medium taxpayers to resolve their tax disputes in a faceless, efficient, and taxpayer-friendly manner. DRC functions under Ministry of Finance, Government of India. 18 DRCs correspond exactly to the 18 Pr. CCIT regions

Understanding Income Tax in India: A Simplified Guide for Every Taxpayer

Posted by Growthlink Tax Filings 02 July 2025 336 Views

This article will walk you through the basics of Income Tax in India, important terms, tax slabs, filing deadlines, and tips for smooth compliance.

Maharashtra Cricket Association vs Income Tax Dept: ITAT Orders Fresh Review

Posted by CA Saurabh Jadhav

02 July 2025 135 Views

Pune ITAT has set aside the exemption granted to the Maharashtra Cricket Association (MCA) under Sections 11 & 12 for AY 2010-11, and remanded the matter for fresh adjudication in light of the Supreme Court's AUDA judgment.

LUT in GST For FY 25-26: Eligibility, Validity and Renewal Process

Posted by Mitali 02 July 2025 0 Views

LUT for FY 2025-26 is available! Exporters can file it on the GST portal to continue exporting goods and services without paying IGST.

CA Day 2025: Fascinating Facts Every Chartered Accountant and Aspiring CA Should Know!

Posted by Shivani 01 July 2025 6577 Views

Celebrate CA Day 2025 by uncovering surprising and inspiring facts about the Chartered Accountancy profession in India. Learn about its origins, legends and global prestige.

Rule 164: Procedure and Conditions for Closing Proceedings under Section 128A

Posted by Rajagopal K 01 July 2025 262 Views

Effective from 1st November 2024, taxpayers can now apply online for waiver of interest or penalty under GST using new forms SPL-01 and SPL-02, as notified by CBIC. Learn the process, timelines, conditions, and consequences of rejection or approval under Rule 128A.

NBFC Takeover Process and RBI Compliance

Posted by Affluence Advisory 01 July 2025 286 Views

The takeover process shall primarily involve a thorough review of the target NBFC's documentation by the Acquirer. Upon the Acquirer's approval of the acquisition, a Memorandum of Understanding (MoU) will be executed, accompanied by a token consideration.

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

Posted by CA Umesh Sharma 01 July 2025 596 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.