CAclubindia Articles

ITR-U - Belated Return u/s 139(8A): A Detailed Overview after Budget 2025

CA Varun Gupta 03 March 2025 at 08:30

The Updated Income Tax Return (ITR-U) is a recent provision introduced under Section 139(8A) of the Income Tax Act, 1961. This provision gives taxpayers an opportunity to correct errors or omissions in their previously filed returns, even after the prescribed deadlines have passed.

The Role of Accounting in Business Decision Making

CA Jaydeep Babubhai Vadher 03 March 2025 at 08:30

This article delves into the critical role of accounting in decision-making, explaining its fundamental principles and its direct impact on businesses.

The Role of CS in Tax Compliance: A Case for Inclusion in the Income Tax Act, 2025

Team IN Filings 03 March 2025 at 08:30

After the ICSI's multiple representations to the Income-Tax Bill Review Committee, the government is conducting a study to determine whether CS should be recognized as an Accountant.

Plotted development done for landlords under JDA and GST

CA Roopa Nayak 01 March 2025 at 10:11

BackgroundFrom the inception of GST, there has been confusion with regards to GST applicability on the development and sale of plots.To give a background to thi..

Rule 86B of CGST Rules 2017

CA Puspendra Jain 01 March 2025 at 08:38

The implementation of Rule 86B within India's Goods and Services Tax (GST) framework, which aims to curtail fraudulent input tax credit (ITC) claims by necessitating certain taxpayers to remit 1% of their output tax liability in cash

Importance of Annual Return Filing for Pvt. Ltd Companies in India

Ishita Ramani 01 March 2025 at 08:34

This article describes the meaning, documents, and importance of Annual Return Filing for Pvt. Ltd Companies operating in India.

Comprehensive Guide to Section 140B: Taxation of Updated Returns Under the Income Tax Act

CA Jaydeep Babubhai Vadher 01 March 2025 at 08:34

Section 140B governs the tax payment mechanism when an assessee furnishes an updated return under Section 139(8A).

Monthly Remuneration to Non-Executive Directors, permissible?

Affluence Advisory 28 February 2025 at 08:28

Let's find out whether it is permissible for a company to pay monthly remuneration to its NED?

TDS on Salaries (FY 2024-25): New Rules Under Section 192 Explained

CA Jaydeep Babubhai Vadher 28 February 2025 at 08:28

Income-Tax Deduction from Salaries during the Financial Year 2024-25 under Section 192 of the Income-Tax Act, 1961

Strike Off Pvt. Ltd Company: Step-by-Step Guide for Business Owners

Ishita Ramani 28 February 2025 at 08:28

This article shall discover the striking-off process for a Private Limited Company.