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The Cost of a Few Paise: Why Rounding Off in Preferential Allotments is a Compliance Trap

Posted by CS Divesh Goyal 12 June 2026 13 Views

Can a 59-paise pricing error lead to corporate penalties? A recent ROC order says yes. Explore the case, statutory provisions, penalties and key governance takeaways.



GST Liability In Liquidation And Personal Exposure Of Directors Under Sections 88 And 89

Posted by Raj Jaggipro badge 12 June 2026 11 Views

Understand GST liability during company liquidation and director liability under Sections 88 and 89 of the CGST Act, 2017. Learn recovery rules, liquidator obligations, director safeguards, insolvency implications and key judicial precedents.



ECL - Electronic GST Ledgers: Payment of Taxes and other dues of GST

Posted by Rohit Warli 12 June 2026 17 Views

Understand Section 49 of the CGST Act: learn how GST payments, ITC utilization, electronic ledgers, and tax liability settlement work.



ITR 2026 for Senior Citizens - The Form Selection Guide

Posted by CS Lalit Rajput 12 June 2026 15 Views

AY 2026-27 ITR filing guide: find the right income tax return form, key deadlines, Section 194P relief, and Allahabad HC's ruling on hidden income in maintenance cases.



CBDT Monetary Limits for Income Tax Appeals: ITAT, High Court & Supreme Court Explained

Posted by Vivek Jalan 12 June 2026 21 Views

Understand CBDT Circular No. 17/2019 on monetary limits for departmental income tax appeals before ITAT, High Courts and the Supreme Court. Learn how tax effect is calculated for multiple assessment years, composite orders, interest and penalty matters, exceptions to the circular, and its applicability to pending appeals with practical examples.



Bank Account Reporting Mistake For AY 2026-27 Can Cost You Lakhs: Know How To Check and Add on IT Portal

Posted by Mitali 11 June 2026 812 Views

AY 2026-27 ITR filing rules require taxpayers to disclose all active bank accounts, including savings, current, overdraft, cash credit, NRO, and foreign accounts. Learn reporting requirements, penalties for non-disclosure, ITR-4 bank balance reporting, and steps to update bank account details on the Income Tax portal.



Statutory Tax Compliance Tracker - June 2026

Posted by CS Lalit Rajput 11 June 2026 410 Views

Stay updated with June 2026 compliance deadlines under the IT Act and GST laws. Check due dates for TDS/TCS deposits, advance tax, GSTR-1, GSTR-3B, QRMP filings, GST payments, TDS/TCS returns, ISD returns, refund claims and other key statutory compliances to avoid penalties.



Protecting Bona Fide ITC Claims: Why Supplier Default Alone Cannot Defeat Input Tax Credit

Posted by Raj Jaggipro badge 11 June 2026 379 Views

Gauhati High Court rules that GST input tax credit cannot be denied to a bona fide purchaser solely due to a supplier's tax default, unless collusion is proven....



Fake HRA Claims in ITR 2026: How the Income Tax Department's AI System Is Catching Taxpayers

Posted by Diksha Chawla 11 June 2026 2799 Views

As ITR filing for FY 2025-26 begins, learn how the Income Tax Department's AI detects fake HRA, donation and deduction claims and the penalties for misreporting.



Appointment of Secretarial Auditor in a BSE Listed Company: Legal Framework and Practical Process

Posted by CS Binit Thakur 11 June 2026 42 Views

Learn the complete process for appointing a Secretarial Auditor in a BSE-listed company under Section 204 of the Companies Act, 2013 and Regulation 24A of SEBI LODR. Understand applicability, eligibility criteria, Board and shareholder approvals, tenure limits, BSE disclosures, compliance requirements, and practical steps for FY 2025-26 and beyond.




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