CAclubindia Articles
Simplification of TDS/TCS Provisions in the New Income Tax Bill
The government has proposed significant simplifications to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) provisions in the new Income Tax Bill.
Compounding Regulations under FEMA
Compounding of contraventions is a voluntary process where an individual or entity admits a contravention under any provision of law and seeks to settle the matter by paying the compounding fees, thus avoiding lengthy legal proceedings and hefty penalties that arise due to the committed contraventions.
A Guide on How to Register an LLP Online
This article outlines the simple steps to correctly register an LLP online, highlighting the key benefits of LLP Registration Online.
New Income Tax Bill Simplifies Salary & House Property Rules for Easy Filing
The latest tax reform bill has introduced significant simplifications in the Salary and House Property provisions to enhance clarity and ease of compliance.
7 Corporate Lessons from the Movie "Mrs."
Mrs. isn't just a story about one woman-it's a mirror to workplaces stuck in outdated norms. Whether it's resisting tech, ignoring talent, or undervaluing well-being, the cost of clinging to the "old way" is steep.
Condonation of Delay in ITR Filing u/s 119(2)(b) of the Income Tax Act, 1961
19 February 2025
2246 Views
The Income Tax Act, 1961 establishes specific timelines for the filing of income tax returns (ITR). However, taxpayers may encounter unexpected situations that lead to delays in meeting these deadlines.
Understanding 'Tax Year' vs. 'Financial Year' in the New Income Tax Bill
One of the most notable changes is the introduction of the term "tax year," which replaces the concept of the "previous year" and the "assessment year" from the Income Tax Act, 1961.
A Comparative Study on the Old and New Tax Bill
18 February 2025
505 Views
On 13th February 2025, Hon'ble Finance Minister Smt Nirmala Sitharaman proposed the New Tax Bill. The new bill is proposed to come into force on April 1, 2026. ...
Missed Intra-Head LTCG Setoff: Impact of Section 112 Amendments vs. Section 48
Long-Term Capital Gain(LTCG)- Intra head LTCG setoff missed due to amendments in section 112 and not in Sec48.
This Valentine's, Fall in Love with Simpler Tax Laws!
The govt has proposed this fresh and straightforward law, one that taxpayers will appreciate-perhaps even fall in love with! Just like a well-crafted Valentine's letter is easy to read and understand, this new Bill aims to win the hearts of taxpayers by bringing clarity, simplicity, and ease to tax compliance.
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