CAclubindia Articles

Accepted Quantum Order but Faced Penalty? Legal Remedies Under Section 271(1)(c) & 270A

Posted by Vivek Jalan 18 December 2025 78 Views

Acceptance of quantum additions does not automatically justify a penalty under Sections 271(1)(c) or 270A. Learn why AOs must clearly specify concealment, inaccurate particulars, under-reporting or misreporting, and how assessees can effectively contest penalties even after quantum proceedings attain finality.

Section 122A: Penalty for Unregistered Machines from 1 Oct 2024

Posted by Mitali 18 December 2025 2 Views

Section 122A introduces a penalty for manufacturers of certain goods. Check who will be affected and penalized for this new provision?

Bulk Emails from @IncomeTaxIndia on ITR Discrepancies

Posted by Mitali 17 December 2025 249 Views

Income Tax is sending bulk mails on ITR-AIS mismatches, even for genuine buys funded from savings, loans or gifts. Know why?

Food Delivery Apps and the GST Burden: Who Pays What in 2025?

Posted by Chaitra Seetharam 17 December 2025 2 Views

Know what did the Minister of State for Finance say about imposing a new 5% GST on food delivery apps on 1st April 2025?

Received Advance Payments in December 2025: Is It Taxable in Receipt or Service Year?

Posted by Aarika 17 December 2025 501 Views

Got advance payment for services? Know whether it is taxable in year of receipt or when work is done.

What the India-Russia Deal Means for the Indian Economy and Trade Tariffs?

Posted by Chaitra Seetharam 17 December 2025 156 Views

India's deepening trade engagement with Russia and the EAEU via FTA talks, Programme 2030 and new logistics corridors boosts energy security and export diversification but also heightens exposure to U.S. tariffs and geopolitical trade risks.

Understanding Due Diligence: A Simple Guide to Smart Business Decisions

Posted by Affluence Advisory 17 December 2025 95 Views

Understand what due diligence really means, why it matters before deals, and how financial, legal, tax, and operational checks help uncover hidden risks and make smarter business decisions.

Applicability of Section 269SS of the Income Tax Act, 1961 to Director's Current Account Transactions

Posted by Marimganti Tarun B.com,FCMA 17 December 2025 689 Views

An expert analysis of Section 269SS explaining why cash infusions by directors into closely held companies, driven by business exigency or survival needs, are not “loans or deposits” and do not attract penalty under Section 271D, supported by key judicial precedents.

Benefits of Outsourcing Monthly Payroll Processing Services

Posted by Kapil kumar 17 December 2025 69 Views

Outsourcing payroll helps businesses reduce errors, ensure compliance, protect employee data, cut costs, and improve efficiency, allowing HR teams to focus on growth while experts manage accurate, secure payroll processing.