Senior Citizens ITR filing not Mandatory in 2025 | Senior Citizens Tax Benefits Senior Citizens ITR filing not Mandatory in 2025 but there are certain conditions for this Senior Citizens Tax Benefit. Did you know that filing your Income Tax Return (ITR) might not be mandatory for you? This video breaks down Section 194P of… Read More »
Dear Member, Notification of “ICAI (Merger and Demerger of CA Firms) Guidelines, 2024” In order to keep pace with the operating environment, the Committee for Aggregation of CA Firms (CACAF) of ICAI has revised “ICAI (Merger and Demerger of CA Firms) Guidelines, 2024” and the same were approved by the Council at its 432nd meeting held during 2nd-3rd July 2024. The… Read More »
“50th Edition of ICAI-GST E-Newsletter We are delighted to share with you the “50th Edition of ICAI-GST E-Newsletter”. This edition of Newsletter contains article on “Challenging the reversal of ITC by a bonafide purchaser on purchases made from a non-existent supplier” and also amendments made pursuant to the recommendations of 55th GST Council Meeting. Newsletter also includes interactive features like… Read More »
Penalty for Late Filing of ITR in Income Tax Act 2025 Penalty for Late Filing of ITR in New Income Tax 2025 : Clause 428 of income Tax Bill 2025 specifies the fee for failing to file a return of income under Section 263. Here’s the fee structure in a tabular format: Total Income Fee… Read More »