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CAclubindia Articles


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 28 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 169 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 177 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 1008 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 30 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.



Angel Tax Explained: Exemptions, Rule 11UA Amendments and Impact of Section 56(2)(viib) Omission

Posted by Vivek Jalan 11 June 2026 23 Views

Despite the omission of Section 56(2)(viib), understanding Angel Tax developments remains crucial. Explore the exemptions under Notifications 29/2023 and 30/2023, startup relief measures, proposed Rule 11UA valuation methods, and the new 10% safe harbor provision.



GST Registration Cannot Be Cancelled for Closed Premises Alone

Posted by CA Varun Guptapro badge 10 June 2026 4325 Views

GST registration cannot be cancelled merely because business premises were found closed during a physical inspection. Learn the legal provisions under Section 29 of the CGST Act, Rules 21, 21A, 22 and 25, mandatory procedures, taxpayer rights, REG-30 requirements and how to challenge arbitrary GST registration cancellation orders.



8 Legal Ways to Save Income Tax in India for Business Owners & Freelancers

Posted by CA CS Nilay Shah 10 June 2026 374 Views

Discover 8 legal tax-saving strategies for business owners, freelancers, and professionals in India. Learn how to reduce income tax through deductions, NPS, HUF, presumptive taxation and smart business structuring.



A Complete Guide for ITR Filing for Individuals FY 2025-26 (AY 2026-27)

Posted by CA Pratik Dhruve 10 June 2026 546 Views

Income Tax Return (ITR) filing is a cornerstone of financial compliance in India. For individuals, it is not only a statutory requirement but also a reflection ...



Rajesh Exports Audit Red Flags: Inside India's Biggest Financial Reporting Scandal of 2026

Posted by Poojitha Raam Vinay pro badge 09 June 2026 856 Views

SEBI's allegations against Rajesh Exports over a reported Rs 15.15 lakh crore revenue misrepresentation highlight critical audit red flags, including unverifiable revenues, ageing receivables, overseas subsidiaries, fictitious transactions, fund diversion and weak documentation.




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