CAclubindia Articles

Faceless Assessment: A Digital Transformation in Tax Administration

Posted by CA.Sangam Aggarwal 28 May 2025 803 Views

The e-assessment scheme marked a significant shift from the traditional manual assessment system to a technology-driven, faceless, and jurisdiction-free model, aligning with the broader vision of Digital India and ease of doing business.

ICAI’s New Financial Statement Format for FY 2024–25: Mandatory or Optional?

Posted by Mitali 27 May 2025 33 Views

ICAI has introduced a new format for non-corporate entities which is applicable from 1st April, for statements prepared for FY 2024-25.

Long Term Capital Gain On Immovable Properties After Budget 2024

Posted by CA. Ankit Chandrakar 27 May 2025 3236 Views

A very significant change that was brought in by the Union Budget 2024 was related to Long Term Capital Gains (LTCG) on the sale of immovable property and its taxability.

Think Wedding Gifts Are Tax-Free? Parents, That Shagun May Be Taxable!

Posted by Rashmi 27 May 2025 753 Views

Think All Wedding Gifts Are Tax-Free? Think Again! Parents, You May Have to Pay Tax on That Shagun

Demystifying GST on E-Commerce: What Every Seller and Operator Must Know

Posted by Mohd Muaz Malik 27 May 2025 692 Views

This article delves into the legal provisions, latest notifications, and practical aspects governing GST on e-commerce transactions, offering a comprehensive guide for sellers and operators alike.

Save Yourself from Tax Summer Heat by Filing TDS and SFT returns before 31st May

Posted by CA Umesh Sharma 27 May 2025 341 Views

Discover why May is a crucial month for taxpayers! Learn about the 31st May 2025 deadlines for TDS return filing and SFT reporting, penalties for non-compliance and how timely tax compliance can protect you from financial heat.