CAclubindia Articles

Salary Quarterly TDS Reporting: New Rules For FY 2026-27

Poojitha Raam Vinay 27 April 2026 at 14:18

From 1st April 2026, the Income Tax Act, 2025 replaces the 1961 Act for new transactions, bringing major changes to TDS/TCS compliance. Learn Form 138 filing rules, due dates, penalties and transition guidelines for FY 2026-27.

Property Purchase from NRI in April 2026: TDS Deduction Rules on Rs 25 Lakh

Chaitra Seetharam 27 April 2026 at 11:38

NRI property purchase TDS rules in 2026. Know how much tax to deduct on Rs. 25 lakh transactions

When Delay Becomes Deception: The True Reach Of Section 74 Under GST

Raj Jaggi 27 April 2026 at 09:46

GST law distinguishes between delayed tax payment and wilful evasion impacting whether Section 73 or 74 applies. The M/s Sriba Nirman Company case, upheld by the Supreme Court, highlights how non-compliance and intent can trigger strict penalties, even if tax is later paid.

Section 2(47)(v) & Capital Gains: Determining the Year of Transfer in Property Transactions

Vivek Jalan 27 April 2026 at 08:59

Understand when capital gains on immovable property are taxable if payments are made in instalments. Learn how possession, not payment or agreement date, determines the year of taxability and indexation, with insights from the Archean Realty Pvt. Ltd. vs DCIT ruling.

End of the Road for Black Money in India

ANIL JAIN 27 April 2026 at 08:59

Explore how black money continues to fuel India's parallel economy despite decades of reforms. This analysis highlights key legislative loopholes - Section 68 of the IT Act and outdated DLC rates.

TDS on Audit Fee for FY 2025-26: Provisions at Year-End

Yogita 25 April 2026 at 13:53

TDS on provision for audit fees is mandatory under Section 194J if fees is above ₹50,000 for FY 2025-26. Know the rate, due date, penalty for non-deduction and the year-end provision rule.

GST Appeals Revisited: Penalty Demands Pre-Deposit, Interest Still Raises Questions

Raj Jaggi 25 April 2026 at 10:14

No tax demand but still need a pre-deposit? Explore the evolving GST appeal framework, Finance Act 2025 amendments, and why penalty and possibly interest can trigger mandatory deposits before filing appeals.

GST Notice Reply: How to Respond Before It Becomes a Demand

Hemant Kumar 25 April 2026 at 08:59

Handle GST notices effectively with a clear, timely, and well-documented reply. Learn how to understand notice details, address mismatches, attach proper evidence and avoid common mistakes to resolve issues early and prevent penalties or litigation.

Affiliation Fees Under GST: Relief for Universities or Continuing Litigation?

Vivek Jalan 25 April 2026 at 08:59

The Rajasthan Technical University vs Union of India ruling clarifies that university affiliation fees, being statutory levies, may fall outside GST as they are not "consideration" for business activities, though conflicting views like Bharathidasan University vs Joint Commissioner of GST keep the issue unsettled.

One Form That Can Replace Senior Citizen ITR in 2026

Chaitra Seetharam 24 April 2026 at 15:55

No ITR filing for senior citizens - Form 125 under Income Tax Act 2025 makes it possible. Know the eligibility, new changes and important compliance rules.