CAclubindia Articles

Condonation of Delay in ITR Filing: Section 119(2)(b) Explained

Posted by CA Varun Gupta 19 February 2025 2293 Views

Understand Section 119(2)(b) & CBDT Circular 11/2024 for condoning ITR filing delays. Learn eligibility, procedures, and implications for refunds & loss carry-forwards.

Tax Year vs Financial Year: Understanding the Income Tax Bill

Posted by Ayush 18 February 2025 1424 Views

Confused by 'tax year' and 'financial year'? Understand the key changes in the Income Tax Bill 2025 and how they affect your tax obligations.

New Tax Bill vs Old: Key Changes Explained

Posted by Poojitha Raam Vinay 18 February 2025 509 Views

Discover the key differences between the Old and New Tax Bills. Learn about simplified structures, digital assets, startup support, and more. Read now!

LTCG Setoff: Section 112 Amendments vs. Section 48

Posted by Prahlad Raykar 18 February 2025 805 Views

Understand the impact of Section 112 amendments on LTCG setoff. Learn how indexation benefits and capital losses are treated after July 23, 2024.

New Income Tax Bill 2025: Simpler Tax Laws Explained

Posted by CA Umesh Sharma 18 February 2025 127 Views

Discover the proposed Income Tax Bill 2025, set to replace the 1961 Act. Learn how it simplifies tax laws, reduces sections, and clarifies terms from April 1, 2026.

Comprehensive Comparison of Section Numbers: Income Tax Act, 1961 vs. Income Tax Act, 2025

Posted by CA Varun Gupta 18 February 2025 7981 Views

To assist with this transition, the government has released a comparison chart that maps the sections of the Income Tax Act 1961 to their corresponding sections in the Income Tax Act 2025. This chart will be highly beneficial in helping you quickly locate the new sections if you remember the old section numbers.